Raffles-backed digital assets platform lures four new investors
Revo Digital Family Office, launched last year, has raised cash to help fund its expansion into Korea and Thailand.
By JAMES PHILLIPPS | Sep 14, 2023
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Revo Digital Family Office, the digital assets platform launched by Raffles Family Office last October, has attracted four new investors in a fundraising round. The firm plans to expand into Korea and Thailand.
UOB Venture Management, Signum Capital, Gate.io Exchange and an unnamed Korean single family office have bought stakes in the firm for an unspecified sum. They join Raffles FO, Thailand’s Charoen Pokphand Group and other unknown investors on the firm’s shareholder register.
Revo said the cash raised will be used to fund further development of its platform and to broaden its geographic reach.
The company was established to enable ultra-high-net-worth individuals and families to access digital assets, combined with traditional wealth management services.
Ray Tam (pictured), CEO of Revo believes wealthy clients are underserved in terms of digital assets and said of the firm’s new backers: ‘This support will fuel our mission to bridge the worlds of traditional wealth and digital innovation, situating us and our clients at the forefront of a global financial revolution.
‘Moreover, we are strategically positioned for growth into emerging markets, including Korea and Thailand, characterised by robust digital asset engagement and unmet market demands.’
Revo already operates in Hong Kong, Singapore, China and Taiwan, and sees growing interest in digital assets across the region.