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Dear industry partners and clients,
As we close out the year, I find myself reflecting on just how much we’ve accomplished—far exceeding the ambitious goals we set at the start and becoming one of the largest and the fastest-growing qualified digital asset custodians in Asia. None of this would have been possible without the trust and collaboration of our incredible clients and partners; and not forgetting the amazing team at Rakkar. Your confidence in Rakkar has propelled us to new heights, and for that, I am profoundly grateful. Here's to an even brighter future ahead!
Market Review: November 2024
November 2024 marked a month of triumphs amongst a strong sense of community. This month has showcased significant strides in bridging traditional finance with digital assets, with key developments from major players. Apart from Bitcoin (BTC) reaching new peaks across the previous weeks, The DTCC launched its Digital Launchpad to advance tokenization and blockchain integration, aiming to create an interoperable framework for digital assets. Additionally, Goldman Sachs announced the launch of its blockchain-based bond issuance platform, marking a major step toward integrating blockchain technology into traditional financial markets. These efforts highlight the growing potential of blockchain and tokenization in reshaping global financial markets.
November Highlights
Singapore Fintech Festival 2024
After last year’s rendition, this year with Singapore Fintech Festival 2024 marked a remarkable journey for Rakkar. I hope you managed to get a morning coffee boost here at our booth and returned for an afternoon beer to cool down from the hot weather. I was particularly intrigued by the increasing interest in digital assets not just by our industry friends, but also new friends from the traditional finance sector.
As the day progressed, our booth became a hub of activity, showcasing Rakkar’s digital asset custody solutions while engaging in discussions that highlighted our commitment to innovation, security, and trust in the ever-evolving digital asset landscape. SFF 2024 reinforced our position as the leader in secure digital asset custodian solutions in South-east Asia and strengthened our resolve to drive meaningful progress in the industry.
Read the full recap of the event here.
Custody in Burgundy 3rd Edition with Gemini & Talos
On the first day of the Singapore Fintech Festival 2024, we hosted the 3rd edition of our signature wine-tasting event, Custody in Burgundy, alongside our esteemed partners Gemini and Talos. This exclusive gathering celebrated the future of digital assets with friends, colleagues, and new connections from across the globe.
Held in the heart of Singapore, each edition of Custody in Burgundy features a handpicked selection of Burgundy wines, personally curated by myself. It was a great night as we shared ideas, deepened relationships, and envisioned a brighter future in this ever-evolving space. Cheers to what lies ahead!
Our CISO & CRCO, Thomas Kung, on the SFF Talent Stage
At the Singapore Fintech Festival 2024, our CISO & CRCO, Thomas Khung, participated in the panel discussion titled “Talent & Third Parties in Cyber: Building the Future of Workforce.” He shared valuable insights alongside Niko A, Principal Consultant at Horangi Cyber Security—a Bitdefender company, and Rowena Lee, Director at HRS Talents – Cyber. The panel was moderated by Tobias Klingel, Head of Information Security at Aspire. This reinforces Rakkar’s commitment to shaping the future of secure digital asset ecosystems.
Our Senior Product Manager, Warit Kasitanon, Discussed the State of Staking
Our Senior Product Manager, Warit Kasitanon, recently participated in an engaging panel discussion on "The State of Staking," hosted by Blockdaemon and SCB 10X. Warit joined industry leaders, including Glenn (Deok Soo) Woo, APAC Head of Sales at Blockdaemon; Andrei Kírkkonen, Senior Product Manager at Safe; Joey Anthony, Head of Infrastructure at Monad Labs; Tanawat C, CEO and Founder of Tokenomist; and moderator Ruam Siratanapanta, Blockchain and Digital Asset Lead at SCB 10X.
The panel explored the future of staking, shared best practices, and highlighted emerging opportunities for participants in this rapidly evolving space, offering invaluable insights into this cornerstone of the digital asset ecosystem.
Looking ahead into December 2024
As we move into December, we are excited to continue our journey toward strengthening our offerings and expanding our global reach for 2025. We are actively working on enhancing our custodian solutions, with a strong focus on integrating new innovative technologies that meet institutional needs, improving user experience, and refining our security infrastructure to stay ahead of evolving market demands.
Do stay tuned for what we have in store, and I wish you and your loved ones a very Merry Christmas and Happy New Year!
Warm regards,
Arthit Sriumporn
Founder and CEO of Rakkar
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