November 24, 2023

SFF 2023 Post-event Summary

Rakkar Digital sponsored the Singapore FinTech Festival 2023 from 15 – 17 November 2023. The event was an extraordinary convergence of minds, innovations, and insights. Our engagement at this premier event was an opportunity to not only showcase our commitment to security-first custodian solutions but also to immerse ourselves in the forefront of fintech advancements.
SFF 2023 Post-event Summary

SFF 2023 Recap: Learnings & Insights  

Rakkar Digital sponsored the Singapore FinTech Festival 2023 from 15 – 17 November 2023. The event was an extraordinary convergence of minds, innovations, and insights. Our engagement at this premier event was an opportunity to not only showcase our commitment to security-first custodian solutions but also to immerse ourselves in the forefront of fintech advancements. In this post, discover the key learnings and insights from the inaugural event held in the Singapore Expo.  

Tokenization: Evolutionary Transformation

Tokenization is one of the key topics within the digital asset space, specifically Tokenization of Real-world Assets (RWA).

During the panel discussion organised by EY, our Founder & CEO, Arthit Sriumporn, alongside Gerald Goh from Sygnum Bank, made an important sentiment: "Evolutionary, not revolutionary." Their emphasis on this transformative power of tokenization underscored the need to discern hype from tangible reality. Arthit also highlighted the necessity for institutions to grasp and adeptly manage counterparty risk, underscoring the pivotal role of credible partnerships in this endeavour. For a short preview of the event, view our LinkedIn. [https://www.linkedin.com/feed/update/urn:li:activity:7132268882194542592].

Rakkar Digital Partners with OpenEden for Tokenized RWAs  

On the first day of the Singapore Fintech Festival 2023, Rakkar Digital made the announcement of our partnership with OpenEden. This collaboration is poised to revolutionize the digital asset landscape, presenting institutions with the option of unprecedented fusion of security from a bank-grade qualified custodian and accessibility to transparent and liquid asset channels. Granting our institutional clients access to TBILL, OpenEden’s RWA token, facilitating yield opportunities and exposure to U.S. Treasury Bills. Read more about this announcement here.  

Singapore Fintech Festival 2023 was more than a business opportunity; it was an event full of reconnecting with old friends, forging new relationships, and gaining profound insights that will shape the future of the digital asset space. With this event, Rakkar Digital was given an opportunity to showcase our security-first custody solutions that are not only compliant but also serve without operational compromise.  

Here are the key features that set Rakkar Digital apart as a licensed third-party custodian:

1. Multi-layer defense for bank-grade asset security

Rakkar Digital’s security design and infrastructure are certified for security excellence, achieving the coveted ISO27001 certification and SOC2 Type 1 attestation.

2. Ultra-secure MPC-CMP technology

Eliminate single points of failure with decentralized private key governance to safeguard digital assets from cyber-attacks, internal collusion, and human error.

3. High Service Levels

Keep your operations agile with industry’s fastest SLA and get support from your dedicated customer success team 24/7.  

4. Vault and Policy Creation

Empower clients with governance control and the ability to create secure vaults and customize policies effortlessly with our proprietary quorum feature.

5. Wide range of assets and protocols

1000+ tokens across 40+ private and public blockchain protocols.

Connect with us here to schedule a demo or learn more about how we safeguard your assets with zero trust here.  

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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