Markets

September 2024 highlighted PayPal's crypto advancements and the impact of lower global interest rates on increased digital asset investment. Rakkar hosted and participated in key events, including Custody in Burgundy and CEO Arthit Sriumporn's keynote at DiGiX, while the team contributed to major industry discussions on digital asset security and compliance.

August 2024 was a milestone month for Rakkar Digital, with recognition at the Asia Fintech Awards, the launch of a new partnership with WaanX, and successful collaboration with OKX at Coinfest Asia. As the Thai SEC introduces its Digital Asset Regulatory Sandbox, we're excited to continue driving innovation in the digital asset space.

July 2024 has been a remarkable month for the digital asset market and Rakkar. From groundbreaking developments like spot Ethereum ETFs and GoldmanSachs’ blockchain-based bond issuance to our own significant milestones, we’re excited to share our journey with you.

June 2024 marked significant progress in the digital asset market, with Franklin Templeton's blockchain expansion, State Street's new ETFs, and HSBC's investment in Marketnode showcasing increased institutional adoption. Rakkar Digital announced a strategic partnership with DigiFT and hosted a successful VIP dinner with Figment, enhancing our collaborative efforts in the digital asset space.

May 2024 has been a landmark yet turbulent month for Ethereum and the broader cryptocurrency market. The approval of eight spots for ETH Exchange-Traded Funds by the U.S. Securities and Exchange Commission (SEC) is a historic event that holds promise for future institutional adoption and market growth—Grayscale, Bitwise, BlackRock, Fidelity, VanEck, Ark/21Shares, Franklin Templeton, and Invesco Galaxy.

As we approach 2024, the digital asset custody space is witnessing transformative shifts. Regulatory bodies are crafting robust frameworks and licensing regimes, leading to a surge in qualified third-party custodians with stringent asset security frameworks.

As I look back on April 2024, I'm filled with excitement about the positive momentum and dynamic developments that characterized the month. In a landscape characterized by rapid digital transformation and evolving financial paradigms, the past month has been particularly eventful.

As we step into March 2024, the digital asset landscape continues to evolve at a remarkable pace, presenting us with both opportunities and challenges.

As we navigate the dynamic world of digital assets in February 2024, I’m writing to share my thoughts on the current market landscape and what lies ahead for Rakkar Digital, Asia’s leading qualified digital assets custodian.

2024 started with a notable development with the Bitcoin ETF approval, as many would agree.