Markets

June 2024 marked significant progress in the digital asset market, with Franklin Templeton's blockchain expansion, State Street's new ETFs, and HSBC's investment in Marketnode showcasing increased institutional adoption. Rakkar Digital announced a strategic partnership with DigiFT and hosted a successful VIP dinner with Figment, enhancing our collaborative efforts in the digital asset space.

May 2024 has been a landmark yet turbulent month for Ethereum and the broader cryptocurrency market. The approval of eight spots for ETH Exchange-Traded Funds by the U.S. Securities and Exchange Commission (SEC) is a historic event that holds promise for future institutional adoption and market growth—Grayscale, Bitwise, BlackRock, Fidelity, VanEck, Ark/21Shares, Franklin Templeton, and Invesco Galaxy.

As institutional engagement in digital assets continues to ascend, digital asset custody has emerged as a pivotal area of focus. This surge in institutional adoption is underscored by significant milestones, such as the recent approvals of Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC), marking a watershed moment in the legitimization and integration of digital assets within traditional financial frameworks.

As we approach 2024, the digital asset custody space is witnessing transformative shifts. Regulatory bodies are crafting robust frameworks and licensing regimes, leading to a surge in qualified third-party custodians with stringent asset security frameworks.

As I look back on April 2024, I'm filled with excitement about the positive momentum and dynamic developments that characterized the month. In a landscape characterized by rapid digital transformation and evolving financial paradigms, the past month has been particularly eventful.

As we step into March 2024, the digital asset landscape continues to evolve at a remarkable pace, presenting us with both opportunities and challenges.

As we navigate the dynamic world of digital assets in February 2024, I’m writing to share my thoughts on the current market landscape and what lies ahead for Rakkar Digital, Asia’s leading qualified digital assets custodian.

2024 started with a notable development with the Bitcoin ETF approval, as many would agree.