February 22, 2024

Rakkar Digital Completes SOC 2 Type 2 Compliance Audit

Qualified Digital Asset Custodian Rakkar Digital has completed a comprehensive compliance audit as part of its commitment to security excellence within the digital asset custody space.
Rakkar Digital Completes SOC 2 Type 2 Compliance Audit

Rakkar Digital, Asia’s leading qualified digital asset custodian, proudly announces its achievement of System and Organisation Controls (SOC) 2 Type 2 attestation conducted by independent third-party assessor, Johanson Group LLP, marking a significant milestone in its commitment to providing clients, partners, and stakeholders with unparalleled security and trust. This accomplishment underscores Rakkar Digital’s excellence in implementing and operating effective security controls, further solidifying its mission to provide the best digital asset solutions for institutions.  Rakkar Digital completed the SOC 2 Type 1 audit recently, confirming its adherence to stringent standards in security, availability, processing integrity, confidentiality, and privacy.  Rakkar Digital’s achievement of SOC 2 Type 2 attestation requires a comprehensive and rigorous audit of existing security controls and their effectiveness. Its attainment signals a robust assurance of stringent security measures meticulously implemented to safeguard valuable digital assets in custody. Institutional clients can now benefit and be assured of the highest security standards for their digital assets in custody. With the SOC 2 Type 1 and 2 attestation, Rakkar Digital furthers its commitment to security excellence with other existing security certifications which include the ISO 27001 certification, demonstrating its dedication to robust information security governance and effective management of privacy information.  "Digital assets have long been plagued by immature security and governance control, largely stemming from inadequate or insufficient security practices," said Thomas Kung, Chief Information Security Officer at Rakkar Digital. "As a qualified custodian, achieving the highest level of security and implementing effective security and governance controls for our client’s digital assets in custody is non-negotiable. Our attainment of SOC 2 Type 2 marks a key milestone as we strive to provide institutional digital asset solutions that serve the market in a secure, compliant, and seamless manner.” For more information about Rakkar Digital and the services offered, please visit Rakkar Digital’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.
Details
Date
May 27, 2024
Category
Institutions
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