May 8, 2024

Thai Digital Assets Exchange names Rakkar Digital as Digital Asset Custodian

Thai Digital Assets Exchange (TDX), a subsidiary of the Stock Exchange of Thailand (SET) selects Rakkar Digital as its digital asset custodian to fulfil compliance and asset security requirements.

Singapore, 8 May 2024 - Rakkar Digital, a leading qualified digital asset custodian headquartered in Singapore, is proud to announce its appointment as custodian for The Thai Digital Assets Exchange (TDX), a subsidiary of the Stock Exchange of Thailand (SET).  

TDX’s selection process includes stringent security and comprehensive compliance obligations as a licensed digital asset exchange under The Securities and Exchange Commission, Thailand (SEC). Rakkar Digital robust security frameworks certified by ISO27001 and is SOC 2 Type 1 and 2 compliant, complementing TDX's dedication to offering its clients secure, compliant and reliable services.  

“As the trusted digital asset custodian for key local names such as InnovestX, Maxbit and now TDX, we are humbled and will continue to advance our local and global clients into digital era through not just the highest standards of security and compliance, but also unmatched operational agility in digital asset custody.”, Arthit Sriumporn, Founder and CEO of Rakkar Digital, stated.

In addition, Rakkar Digital's focus on agility, exemplified by its 24/7 customer support and industry-leading service level agreements (SLAs), guarantees the rapid and effective management of digital assets. This not only boosts TDX's operational excellence but also significantly enhances customer confidence and satisfaction.

Embarking on a new era of digital finance, characterized by an unwavering commitment to trust, security, and unparalleled customer satisfaction, TDX and Rakkar Digital join forces and paves the way for a transformative journey in the financial landscape.

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

About Rakkar Digital:  

Rakkar Digital stands as Asia's leading qualified digital asset custodian, offering unparalleled asset security and agility to financial institutions. Fortified by our strategic backing from SCB 10X, the investment arm of the Siam Commercial Bank, and powered by Fireblocks, Rakkar Digital belts esteemed security excellence certifications such as ISO 27001 and SOC 2 Type 1 and 2 for its robust security measures and compliance frameworks. With 24/7 support and fast SLA, Rakkar Digital remains unwavering in its mission to offer the most secure and agile institutional-grade custodian services across Asia.

About TDX:

TDX is a company within the Stock Exchange of Thailand group, obtaining a licensed digital asset exchange or providing secondary market services under the supervision of the Office of the SEC. TDX facilitates the trading of a diverse range of digital tokens, meticulously screened by experts with relevant experiences. It caters to investors seeking products for investment in new formats.

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