January 30, 2024

Rakkar Digital Joins Ondo Finance’s Ecosystem as First Custodian Partner in APAC

Rakkar Digital joins Ondo Ecosystem alongside major industry players such as Blackrock and Morgan Stanley, as the sole qualified custodian in APAC to support all of Ondo Finance’s institutional-grade tokenized cash-equivalents.

Singapore, 30 January 2024 - Rakkar Digital, Asia's leading qualified digital asset custodian, is proud to announce its partnership with Ondo Finance, becoming the first custodian partner in the Asia-Pacific (APAC) region within the Ondo Ecosystem. This strategic alliance marks a significant milestone in the evolution of institutional-grade digital asset management and custody solutions, reinforcing Rakkar Digital's position as a security-first, compliant, and agile custodian in the rapidly growing digital asset space.

Ondo Finance, renowned for its commitment to building the next generation of financial infrastructure, aims to enhance market efficiency, transparency, and accessibility through its innovative on-chain solutions. The Ondo Ecosystem, a collaborative network of partners such as Blackrock, Morgan Stanley, and Ethereum, is dedicated to bringing institutional-grade financial products and services to a broader audience, ensuring safety, integrity, and seamless interoperability across various blockchain platforms.

As the only true custodian partner in APAC and sole qualified custodian to support all of Ondo Finance's institutional-grade tokenized cash-equivalents, Rakkar Digital brings unparalleled asset security, compliance, and operational agility. With its employment of the ultra-secure Multi-Party Computation (MPC-CMP) technology combined with its proprietary governance engine, Rakkar Digital ensures the highest level of asset safety against cyber threats, internal risks, and human errors.

Nathan Allman, Founder & CEO of Ondo Finance, also shared his vision for the collaboration, "Rakkar Digital's expertise in digital asset custody makes them an ideal partner for Ondo Finance. This partnership expands the Ondo Ecosystem and offers Ondo token holders an additional secure, transparent, and efficient financial solution for custody and beyond."

Arthit Sriumporn, Founder & CEO of Rakkar Digital, expressed his enthusiasm about the partnership, stating, "Joining forces with Ondo Finance as the first custodian partner in APAC is a testament to our unwavering commitment to security, compliance, and innovation. Together, we are setting new standards for digital asset custody and management, empowering institutions and enterprises to navigate the digital asset landscape with confidence and trust."

This partnership between Rakkar Digital and Ondo Finance is poised to drive the adoption of tokenized real-world assets in the APAC region, offering institutions a trusted and comprehensive solution for digital asset custody and management. As the digital asset market continues to evolve, Rakkar Digital and Ondo Finance remain at the forefront, leading the charge towards a more secure, transparent, and accessible financial future.

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

About Rakkar Digital:

Rakkar Digital 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-caliber security measures, compliance frameworks and operational agility. Founded in 2022 and belting esteemed security excellence certifications such as ISO 27001 and SOC 2 Type 1, Rakkar Digital remains unwavering in its mission to offer the most secure, institutional-grade custodian services across Asia.

For more information, please visit www.rakkardigital.com.

About Ondo Finance

Ondo Finance provides institutional-grade, blockchain-enabled investment products and services. Ondo has an asset management arm that creates and manages tokenized financial products as well as a technology arm that develops decentralized finance protocols and blockchain solutions.  

Ondo’s first core products are tokenized cash equivalents that deliver very low risk, high quality yield from U.S. Treasuries, money market funds, and similar instruments, offering on-chain investors an alternative to stablecoins where holders rather than issuers earn the vast majority of the underlying asset yield.  

For more information, please visit www.ondo.finance.

For Media Enquiries

Please contact press@rakkardigital.com.

Disclaimer: Digital assets involve risks; investors should complete independent due diligence and research to carefully make investments according to their own risk profile.