June 27, 2024

MAS-licensed DigiFT and Rakkar Forge Strategic Partnership to Advance Regulated Real-World Assets in Digital Finance

Rakkar partners DigiFT to drive institutional growth in tokenized real-world assets and secure custodianship, advancing the convergence of traditional and digital finance.
MAS-licensed DigiFT and Rakkar Forge Strategic Partnership to Advance Regulated Real-World Assets in Digital Finance

Rakkar, a leading digital asset custodian in Asia, announces a strategic partnership with DigiFT, a pioneer in the realm of regulated exchanges for on-chain real-world assets (RWA). This collaboration marks a significant milestone in the journey towards a more secure, transparent, and efficient digital finance landscape.

DigiFT, a MAS-regulated Capital Markets Services (CMS) license holder and Recognised Market Operator (RMO), is the first regulated exchange on the public blockchain dedicated to RWA. By complementing Rakkar’s state-of-the-art custody services with DigiFT’s groundbreaking RWA exchange, the two companies aim to create a robust ecosystem for financial institutions to navigate digital assets in a secure and compliant manner.

Qualified custodianship of tokenised RWA such as DigiFT’s USD treasury bills, bank bonds and money market funds represent a significant advancement towards maximising asset security and capital efficiency.

“Our partnership with DigiFT underscores our commitment to providing secure, compliant, and innovative custody solutions that meet institutional demands in the digital asset space. By collaborating with a regulated RWA exchange like DigiFT, we pave the way for institutions to achieve a more capital-efficient future,” said Arthit Sriumporn, Founder & CEO of Rakkar.

“We are excited to join forces with Rakkar, leveraging their digital asset custody expertise to create deeper value for DigiFT’s institutional clients trading on the public blockchain. Together, we aim to set new standards for asset security and innovation in the digital asset industry,” added Henry Zhang, Founder & CEO of DigiFT.

As the digital finance sector continues to evolve, this partnership positions Rakkar and DigiFT at the forefront of bridging the gap between traditional financial assets and the burgeoning world of digital finance.

For more information about the partnership and the services offered, please visit Rakkar’s official website and DigiFT’s official website.

Disclaimer: Digital assets involve risks; investors should study information carefully and make investments according to their own risk profile. This article is not an advertisement making an offer or calling attention to an offer or intended offer.

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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June 27, 2024
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