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Dear industry partners and clients,
Market Review: October 2024
October marked a period of substantial industry evolution, characterized by major advancements and significant collaborative efforts. Notably, the launch of BlackRock’s Spot Bitcoin ETF sent waves of optimism through digital asset markets which has recently hit its record of 12,000 BTC inflows, reaffirming institutional confidence in crypto as a maturing asset class. The Central Bank of Hong Kong’s initiative to integrate a CBDC with private financial institutions promises to accelerate digital currency adoption and bolster financial inclusion across Asia. Meanwhile, Thailand has initiated plans for a licensed digital lending market, aiming to harness blockchain for increased transparency and efficiency in financial services, positioning the country as a growing fintech hub in Southeast Asia. Having a presence in all these countries, these initiatives truly reflect the dynamic growth and increasing maturity of the digital asset landscape within Asia, and we are excited to be at the forefront of it.
New Updates and Partnerships
Partnership with Circuit
We’re excited to announce our partnership with Circuit, a blockchain cybersecurity platform specializing in automated disaster recovery and business continuity solutions. This partnership enables us to provide additional assurance to Circuit’s clients, ensuring that their clients’ assets remain safe and accessible even during unforeseen events with Rakkar as the preferred secondary custodian. Circuit’s institutional clients can now have peace of mind, knowing that their digital wealth is protected by industry-leading continuity protocols.
Asset Security Panel hosted by Charles Russell Sppechlys
Our CISO & CRCO, Thomas Kung, participated in a breakfast seminar titled “Cryptocurrency Custodianship: Protecting Your Digital Wealth”, hosted by Charles Russell Speechlys. He was joined by Clement Chui, Senior Associate at Charles Russell Speechlys, Ginny Ngan, Vice President of Business Development at Qubit Underwriting Limited, and Gebhard Scherrer, Director of Sales-APAC at Securosys.
Come meet us at our Singapore Fintech Festival booth
As we look forward to November, we are excited to announce our participation in the Singapore Fintech Festival (SFF) from November 6-8. Our team including, Arthit (T) Sriumporn (Founder & CEO), Thomas Kung (CISO & CRCO), Wang Ying Jie (YJ) (Marketing & BD Director), and Ai Leen Han (Partnerships & BD Manager), will be present at the Rakkar booth in booth #3A17 in Singapore Expo Hall 3, where we’ll be showcasing our latest advancements in digital asset custody solutions. We’ll also be offering exclusive merchandise, morning coffee, and afternoon beer to our visitors. We look forward to seeing you at our booth.
Join us for Institutional Night at Devcon
We are also hosting an exclusive Institutional Night at Devcon 7 in Bangkok this year, providing a space for industry leaders to network and discuss critical developments in the digital asset sector. This event will be an ideal setting to engage with like-minded professionals, explore collaborative opportunities, and discuss the future of institutional engagement in blockchain technology. We warmly invite our partners and clients to join us in celebrating the progress and potential of our industry.
If you would like to register for a seat, please register here: https://lu.ma/fycs779s
Looking ahead into November 2024
As we move into November and towards the end of the year, our commitment to secure, scalable digital asset solutions remains unwavering. We look forward to continued collaboration and exploration of innovative strategies that drive value for our clients and partners.
Thank you for your trust in Rakkar. We remain dedicated to advancing secure digital asset solutions that pave the way for a resilient and adaptable financial future.
Warm regards,
Arthit Sriumporn
Founder and CEO of Rakkar
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