January 22, 2024

2023 Year in Review

2023 was a year of momentum for Rakkar Digital as a leading qualified digital asset custodian for Institutions. We navigated the volatile world of digital assets with an unwavering commitment to trust and security by prioritizing a security-first approach to safeguarding institutional assets. Here are some of our highlights for 2023 and what we expect in the year ahead.
2023 Year in Review

2023 was a year of momentum for Rakkar Digital as a leading qualified digital asset custodian for Institutions. We navigated the volatile world of digital assets with an unwavering commitment to trust and security by prioritizing a security-first approach to safeguarding institutional assets. Here are some of our highlights for 2023 and what we expect in the year ahead.  

Building Trust Through Security

Security is at the heart of everything we do as a custodian as it should be. Our dedication to best practices in security excellence were showcased through these coveted achievements:

Trust or Company Service Provider License (TCSP)

We achieved TCSP license in June. This license ensures that we handle client information with the highest levels of security and integrity, under stringent AMLO regulations. This means you can trust us to protect your digital assets.

SOC 2 Type 1 Attestation

Earlier in June, we achieved SOC 2 Type 1 attestation, providing independent verification of our internal controls and security protocols.  

ISO 27001:2022 Certification

In October, at TOKEN2049, we proudly announced our ISO27001:2022 certification, demonstrating our commitment to information security management at the highest level.  

Driving Awareness & Community

Our active participation in industry events to scale and reconnect with old friends:

TOKEN2049 Gold Sponsor

In October, we were a gold sponsor at TOKEN2049, one of the largest digital assets conferences globally, highlighted our commitment to driving digital assets  

Singapore FinTech Festival

We established a strong presence at the Singapore Fintech Festival, engaging with key industry players and showcasing our cutting-edge custody solutions.  

Collaborating for Growth

We fostered strategic partnerships that motivated us to strive for our mission:  

OpenEden

This collaboration is set to redefine and innovate the landscape of tokenised real-world assets, offering institutions an unparalleled blend of security from a bank-grade qualified custodian, and accessibility to transparency and liquid asset mediums.

InnovestX

We now provide institutional digital asset custodianship for InnovestX. With this partnership, InnovestX benefits from reduced concentration of risk, higher levels of asset security, and assurance of its assets.

Looking Ahead

As we step into 2024, the market may bring new trends and insights but our resolute is consistent. Rakkar Digital’s mission is to become the most secure qualified digital asset custodian. We will continue to invest in compliance and regulation, assurance, investing in cutting-edge technologies like MPC-CMP, and full asset segregation to further bolster our security posture and ensure the highest levels of digital asset protection for our clients.

Our commitment to trust, expertise, and providing the best service levels ensures that your digital assets will be safeguarded with the utmost care. Connect with us here to schedule a demo or learn more about how we safeguard your assets with zero trust security.  

About Rakkar

Rakkar stands as Asia's leading qualified digital asset custodian, offering unparalleled asset security to financial institutions. Fortified by our strategic backing from SCB 10X, the investment arm of the Siam Commercial Bank, Rakkar Digital helms the industry’s leading bank-calibre security measures and compliance frameworks. Founded in 2022 and belting esteemed security excellence certifications such as ISO 27001 and SOC 2 Type 1 and Type 2, Rakkar Digital remains unwavering in its mission to offer the most secure, institutional-grade custodian services across Asia.

Disclaimer: Digital assets involve risks; investors should complete independent due diligence and research to carefully make investments according to their own risk profile.
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Date
May 27, 2024
Category
Institutions
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