July 4, 2024

Rakkar Completes SOC 1 Type 1 Security Audit

Singapore-based qualified digital asset custodian, Rakkar, has successfully completed the SOC 1 Type 1 audit, reaffirming its commitment to security excellence and regulatory compliance as a leader in the digital asset custody space in Asia.
Rakkar Completes SOC 1 Type 1 Security Audit

Rakkar, Asia’s leading qualified digital asset custodian, proudly announces its completion of the System and Organisation Controls (SOC) 1 Type 1 audit as part of its commitment to security excellence, instilling trust and assurance for its institutional clients across Asia.  

The SOC 1 Type 1 report, prepared in accordance with the Statement on Standards for Attestation Engagements (SSAE) No.18, rigorously evaluates the design and implementation of controls crucial to financial reporting.  

The achievement of SOC 1 Type 1 audit attests to Rakkar’s commitment to maintaining robust internal control design at a specific point in time such as monitoring and risk assessment processes, reinforcing Rakkar’s capability to uphold accurate and dependable financial reporting standards.  

“Obtaining SOC 1 Type 1 attestation underscores Rakkar’s unwavering commitment to maintaining the highest standards of internal controls and financial reporting integrity”, said Thomas Kung, CISO, Compliance and Risk Officer at Rakkar. “In addition to our existing SOC 2 Type 1 and Type 2 attestations and ISO 27001 certification, this attainment solidifies our asset security leadership globally.”  

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

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.
July 4, 2024
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