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Digital family office secures investment

By Fiona Nicolson, 14 Sep 23

Funding will be used to develop the firm’s platform and venture into more markets across Asia

Revo Digital Family Office has secured an undisclosed investment from UOB Venture Management, Signum Capital, Gate.io Exchange and a Korean single family office.

The firm announced that the investment proceeds will be used to further develop the firm’s platform, and to deepen market penetration in Asian cities where it already has a presence, including Hong Kong, Singapore, Beijing, Shanghai and Taiwan.

The funds will also support the firm’s expansion into new regions across Asia, such as Korea and Thailand.

Ray Tam, chief executive of Revo Digital Family Office, commented: “Securing the investment validates international investors’ confidence in the resilience of Revo’s business model, our long-term value proposition and our role in shaping the future of digital-asset family offices.

“With their backing, we are positioned to provide ultra-high net worth clients with access to digital asset-based investments − an underserved area where there is currently significant demand. This support will help us bridge the worlds of traditional wealth and digital innovation.”

Tags: Family Office

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.