Insights

AI and machine learning are revolutionizing digital asset custodial services by enhancing security, automating routine tasks, and providing predictive insights for better asset management. These technologies are setting new standards for efficiency, compliance, and client trust in an increasingly complex financial landscape.

Rakkar, a portfolio company of SCB 10X (venture capital arm of SCBX Group), proudly announces that Rakkar Digital Co., Ltd (“Rakkar Thailand”) has been granted the Digital Asset Custodian License from the Ministry of Finance under the supervision of the Securities and Exchange Commission of Thailand (SEC). In addition to this milestone, Rakkar Digital Group has achieved a remarkable 700 million USD in Assets Under Custody (AUC), solidifying its position as the fastest-growing qualified digital asset custodian for institutions in Asia.

Rakkar Digital, Asia's leading digital asset custodian, has partnered with Agora to offer institutional clients secure custody of AUSD, a fully collateralized, bankruptcy-remote digital dollar. Backed by The Agora Reserve Fund and Rakkar's certified custodial infrastructure, this collaboration empowers institutions with compliant and seamless access to digital finance.

November 2024 saw Rakkar Digital strengthening its leadership in digital asset custody at the Singapore Fintech Festival, hosting the Custody in Burgundy event, and participating in key industry discussions, all while celebrating new milestones in blockchain and tokenization advancements. Read the latest Founder’s Note to uncover how we’re shaping the future of secure digital finance.

Discover essential strategies for safeguarding digital assets, including advanced security measures and the benefits of partnering with trusted custodians like Rakkar. Empower institutional clients with bank-grade security, rapid transactions, and tailored governance solutions.

Explore how digital asset custodians like Rakkar mitigate risks such as cybersecurity threats, private key mismanagement, and regulatory complexities to ensure secure and compliant asset management for institutional investors.

We had an incredible time at the Singapore FinTech Festival 2024, where we connected with clients, partners, and new faces from around the globe. From energizing mornings at our booth 3A17, discussions on cybersecurity talent, to an exclusive Custody in Burgundy event with Gemini and Talos, each moment showcased our commitment to secure digital asset solutions.

Insider threats pose a unique risk in digital asset management, as individuals with authorized access can bypass traditional security measures. At Rakkar, layered safeguards like whitelisting, audit trails, advanced authentication, and a quorum-based engine work together to protect institutional clients against these internal risks, ensuring the highest level of security.

In October, the digital asset landscape saw key advancements with BlackRock's Spot Bitcoin ETF launch and Hong Kong's CBDC integration. As we expand through new partnerships like Circuit, Rakkar continues to lead in secure, innovative custody solutions across Asia.

Rakkar's integration with Kiln’s staking solutions empowers institutional clients to earn rewards directly from Rakkar's custodial platform, combining security and scalability. In this interview, Laszlo Szabo, CEO of Kiln, explores the future of staking in APAC and the impact of this partnership on the evolving digital asset ecosystem.