December 14, 2023

Rakkar Digital selected as Custodian for SCBX's InnovestX

Rakkar Digital, Asia's leading qualified digital asset custodian, has been selected by InnovestX, leading securities company in Thailand with comprehensive asset services, to enhance digital asset custody capabilities by providing compliant and security-first solutions and swift handling of new coin listings for institutional clients
Rakkar Digital selected as Custodian for SCBX's InnovestX

Rakkar Digital, a qualified digital asset custodian for institutions headquartered in Singapore, today announced its official appointment by InnovestX Securities, the financial investment flagship under SCBX Group, to provide institutional digital asset custodianship.

Backed by SCBX’s investment arm, Rakkar Digital champions the industry-leading multi-layer physical and cybersecurity defense frameworks, earning Rakkar Digital their coveted ISO27001 and SOC2 Type 1 certifications for security excellence. The measures deployed for Rakkar Digital’s security-first and compliant approach includes utilizing ultra-secure MPC-CMP technology, asset segregation, bankruptcy remote mechanisms and asset insurance.

Chief Executive Officer of InnovestX, Dr. Arak Sutivong, comments, "At InnovestX, we prioritize safety, compliance, and security, offering diverse investment opportunities. Through our partnership with Rakkar Digital, known for its industry-leading security, it enables the possibility to swiftly introduce new coins while adhering to Thai SEC regulations. This includes assets like RealX and other investment tokens, expanding our custody capabilities. This empowers consumers within a comprehensive financial ecosystem, shaping the future of finance."

Rakkar Digital also provides one of the widest market accessibilities for institutions with over 40+ chains and 1000+ tokens.

Arthit Sriumporn, Founder and CEO of Rakkar Digital, comments, “Rakkar Digital has always prioritised a security-first approach, and our viewpoint on the importance of asset security lines up with our newest institutional client, InnovestX. Our institutional custodianship services will further enhance InnovestX's commitment to maintaining a bank-grade asset security infrastructure that is safe, compliant, and seamless." With this partnership, InnovestX benefits from reduced concentration of risk, higher levels of asset security and assurance of its assets.

For more information about the partnership and the services offered, please visit Rakkar Digital's official website and InnovestX Securities’ 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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