May 16, 2024

Rakkar Joins Figment as a Leading Custodian Partner in APAC

Rakkar Digital joins the Figment network as a leading APAC qualified custodian to expand its service offerings for institutional clients in the region to access integrated staking opportunities across major digital assets such as ETH, ADA, and ATOM.

Singapore, 16 May 2024 - Rakkar Digital, Asia's leading qualified digital asset custodian, is proud to announce its collaboration with Figment, becoming a qualified custodian partner in the Asia-Pacific (APAC) region within the Figment network. This collaboration marks a significant milestone in the evolution of digital asset custody and asset management within the APAC region, reinforcing Rakkar Digital's position as a secure, compliant, and agile custodian in the rapidly growing digital asset space in Asia.

As a qualified custodian partner in APAC and within the Figment network, Rakkar Digital’s institutional clients can now access the opportunity to earn industry-leading rewards within Figment’s comprehensive staking services including staking services for major digital assets such as Ethereum (ETH), Cardano (ADA), and Cosmos (ATOM) in a safe and compliant manner. With Rakkar’s security-first approach, client assets are assured and protected by active insurance policies and industry-leading security infrastructures employing MPC-CMP technology and backed by certifications such as SOC 2 Type 1 & 2 and ISO 27001, ensuring peace of mind.

Arthit Sriumporn, Founder & CEO, at Rakkar Digital, comments, “As the leading qualified custodian in Asia, partnering with Figment as a leading APAC custodian is a testament to our commitment to provide best-in-class digital asset solutions for all institutional clients in the region. Our clients can now access more deployment opportunities to grow their assets in a compliant manner, while having their assets in custody protected by ultra-secure MPC-CMP technology and governance mechanisms.”

“We are excited to welcome Rakkar Digital as a leading  APAC custodian into our ecosystem. This collaboration is a testament to our combined vision of fostering blockchain innovation and providing secure and reliable staking solutions. Rakkar’s expertise in the APAC market, combined with our industry-leading staking infrastructure, sets the stage for unparalleled service and growth in the region,” Yanshan Tan, Head of APAC, at Figment shares.

This announcement follows Rakkar Digital’s recent partnerships with Ondo Finance and OpenEden to enhance service offerings and market accessibility to institutional grade tokenized real world assets while keeping assets in secure custody.

For more information about this collaboration and the services offered, please visit Rakkar Digital’s official website and Figment’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 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 and SOC 2 Type 1 & 2, Rakkar Digital remains unwavering in its mission to offer the most secure, institutional-grade custodian services across Asia.

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About Figment

Figment is the leading provider of staking infrastructure. Figment provides a comprehensive staking solution to over 500 institutional clients, including asset managers, exchanges, wallets, foundations, custodians, and large token holders, to earn rewards on their digital assets. On Ethereum, Figment is the largest non-custodial staking provider of staked ETH on Figment validators. Figment’s institutional staking service offers seamless point-and-click staking dashboard, portfolio reward tracking, API integrations, audited infrastructure, and slashing protection. This all leads Figment’s mission to support the adoption, growth, and long-term success of the digital asset ecosystem.

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