- Rakkar Digital is a Singapore-based firm that gives digital asset custody companies to institutional and company purchasers in Southeast Asia and Hong Kong.
- Rakkar Digital obtained the TSCP license in Hong Kong.
- Rakkar Digital launched the Custodian Companies instantly after receiving the license.
Rakkar Digital introduced the launch of Rakkar Digital Asset Custodian, powered by Fireblocks MPC-CMP direct custody expertise. Fireblocks, Collider, and MarketAcross held a Web3 startups occasion earlier this 12 months.
The announcement follows Rakkar Digital acquiring a Belief or Enterprise Service Supplier (TCSP) license in Hong Kong. The corporate accomplished a $10 million seed funding funding in June 2022 by SCB 10X, the enterprise capital arm of Siam Industrial Financial institution.
Rakkar Digital Asset Custodian Companies
Rakkar Digital responds to the vulnerability to cyber threats inside the digital asset trade because the trade grows by offering institutional grade certified custody companies to its purchasers.
As a TCSP licensee, Rakkar Digital should adjust to the Anti-Cash Laundering and Terrorist Financing Ordinance (AMLO). This ensures that due diligence necessities are met and acceptable safeguards are in place to forestall cash laundering or terrorist financing actions.
Commenting on the event, Arthit Sriumporn, Founder and CEO of Rakkar Digital mentioned:
“From day one, we had a robust ardour for constructing dependable infrastructure for the trade. We’ve come a great distance with the launch of our Institutional High quality Expert Custody Companies. We’ll proceed to enhance our services primarily based on our core values: belief, safety and authenticity. These milestones exhibit our dedication to offering safe and dependable digital asset custody companies to institutional purchasers within the area.
The Rakkar Digital Asset Custodian is constructed on state-of-the-art expertise and strong safety measures with Fireblocks ultra-secure MPC-CMP expertise and {hardware} isolation enabling multi-layered safety whereas sustaining flexibility.