Insights

Rakkar partners DigiFT to drive institutional growth in tokenized real-world assets and secure custodianship, advancing the convergence of traditional and digital finance.

In today’s digital landscape, robust security is crucial to prevent significant losses. As a qualified digital asset custodian, Rakkar offers a seamless and efficient solution to mitigate risks associated with human error and unauthorized access. Our platform supports error-free deposits, trusted withdrawals, and optimized asset rebalancing, all accessible 24/7.

Investors are faced with a critical decision on digital asset custody: whether to self-custody their digital assets or entrust their assets to a qualified digital asset custodian; or both.

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.

Rakkar has launched a new brand identity featuring a redesigned logo, updated color scheme, and a user-friendly website to reflect their commitment to security, innovation, and excellence in serving their client. This rebranding aligns with Rakkar's evolving services and dynamic industry needs, showcasing its dedication to being at the forefront of the digital asset industry.

Rakkar Digital joins the Figment network as a leading APAC qualified custodian to expand its service offerings for institutional clients in the region to access integrated staking opportunities across major digital assets such as ETH, ADA, and ATOM.

Crypto custodians ensure the security of digital assets by using advanced encryption, multi-factor authentication, and a combination of cold and warm wallets. They also adhere to rigorous compliance standards, providing a secure and reliable platform for asset management.

Thai Digital Assets Exchange (TDX), a subsidiary of the Stock Exchange of Thailand (SET) selects Rakkar Digital as its digital asset custodian to fulfil compliance and asset security requirements.

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.

The financial landscape is undergoing a significant transformation fuelled by the surging adoption of digital assets like cryptocurrencies. This presents a critical question for investors: how should institutions securely store and safeguard their valuable digital assets?