Rakkar Integrates Kiln to Support ETH Staking for Enhanced Institutional Capital Efficiency

Singapore 28 August, 2024 – Rakkar Digital, Asia’s leading qualified digital asset custodian, announces a strategic partnership with Kiln, a global staking provider with over USD $8.6 billion staked under management. This collaboration enhances direct-from-custody capital deployment opportunities without compromising digital asset security.

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With Kiln’s advanced Ethereum (ETH) staking technology now integrated into Rakkar’s custody platform, institutional clients can effortlessly earn rewards without incurring operational costs, all while benefiting from the superior asset security provided by Rakkar’s custodian services.

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"Teaming up with Kiln perfectly aligns with our goal to provide top-tier digital asset services beyond custody,” said Arthit Sriumporn, Founder and CEO at Rakkar Digital. “This partnership not only strengthens our custodian solution but also meets the needs of our institutional clients, providing a seamless and secure experience that empowers their businesses.”

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"Joining Rakkar Digital’s partner network is a significant milestone for Kiln. We are thrilled to offer enterprise-grade staking to Rakkar Digital institutional customers, providing secure and accessible staking solutions in the APAC region.” said Laszlo Szabo, co-founder and CEO at Kiln.

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Backed by SCB 10X of Siam Commercial Bank, Rakkar further empowers its institutional clients with bank-backed stability, enhancing regulated financial institutions’ capabilities to thrive in the digital asset space while maintaining the highest standards of security and compliance.

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

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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 venture arm of the Siam Commercial Bank, Rakkar employs industry-leading, bank-caliber security measures, compliance frameworks and operational agility. Founded in 2022 and belting esteemed security excellence certifications such as ISO 27001, SOC 1 Type 1 and SOC 2 Type 1 & 2, Rakkar remains unwavering in its mission to offer the most secure, institutional-grade custodian services across Asia.

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About Kiln

Kiln is the leading staking and digital asset rewards management platform, enabling institutional customers to earn rewards on their digital assets, or to whitelabel earning functionality into their products. Kiln runs validators on all major PoS blockchains, with over $8.6 billion in crypto assets being programmatically staked and running over 4% of the Ethereum network on a multi-client, multi-cloud, and multi-region infrastructure. Kiln also provides a validator-agnostic suite of products for fully automated deployment of validators and reporting and commission management, enabling custodians, wallets, and exchanges to streamline staking or DeFi operations across providers. Kiln is SOC2 Type 2 certified.