June 25, 2024

How Rakkar Streamlines Transaction Management

In today’s digital landscape, robust security is crucial to prevent significant losses. As a qualified digital asset custodian, Rakkar offers a seamless and efficient solution to mitigate risks associated with human error and unauthorized access. Our platform supports error-free deposits, trusted withdrawals, and optimized asset rebalancing, all accessible 24/7.
How Rakkar Streamlines Transaction Management

In today’s digital landscape, where inappropriate security measures can lead to significant losses, Rakkar with its role as a qualified digital asset custodian, offers a robust solution tailored to mitigate risks associated with human errors and unauthorized access.  

Whether depositing digital assets from external wallets into cold custodial wallets, initiating outgoing transfers, or rebalancing asset allocations between digital asset storage options, Rakkar provides a seamless and efficient experience tailored to each institutional client’s preferences with its expertise in digital asset custody.  

Here are the key features that are built-in and accessible 24/7 on the Rakkar app to ensure clients with efficient and secure asset management, and the confidence to deploy capital with agility.  

       

Depositing Assets – Seamless, Error-Free Transfers into Rakkar Custody Vaults

Seamlessly receive designated assets from external wallets into Rakkar custody vaults without human error. Deposit options include scanning the QR code, copying and pasting the address, or sharing the QR code via other platforms. This ensures efficient asset transfer while providing a hassle-free and error-free experience for all parties involved.

Clients can also generate multiple addresses to manage funds from different sources separately, ensuring efficient management of available assets. Note that this functionality applies only to assets supported by the Rakkar platform.

 

Withdrawing Assets - Simplifying Transactions for Trusted Transfers

Initiating outgoing transfer requests to pre-approved, whitelisted addresses with Rakkar provides clients with a significant advantage in terms of both security and efficiency. This feature ensures that all transactions are directed only to trusted, verified recipients, substantially reducing the risk of fraudulent or unauthorized transfers.  

This process is also simplified by Rakkar to allowing clients to quickly select from a list of pre-approved addresses, thereby minimizing the potential for human error and saving time. Clients can select the custody vault, asset, and destination, specify the transfer amount, and more importantly, have control over their network fee preferences.  

By being able to set the network fee, clients can strike a balance between network fee and speed in real-time for the chosen chain.  

These proprietary features streamline the withdrawal process, ensuring efficient and secure asset transfers tailored to each institutional client’s preferences.

Rebalancing Assets - Optimizing Asset Allocation within Rakkar Custody Vaults

Facilitating transfers between Rakkar vaults offers clients significant benefits in asset management. Clients can seamlessly manage movements between Rakkar Warm and Rakkar Cold custody vaults, ensuring they can efficiently adjust their asset allocations based on market conditions, investment strategies, and portfolio preferences.  

This feature promotes optimal portfolio management by providing flexibility and ease of use. Institutional clients are empowered with a streamlined experience that simplifies asset rebalancing and maximizes the effectiveness of their investment strategies within the Rakkar custody platform.

Authenticating Transfers – Striking a Balance Between Efficiency & Speed

Rakkar’s tiered authentication system enhances transaction security by aligning authentication requirements with the value and risk of each transaction. This tiered approach not only mitigates the risk of fraud and unauthorized transactions but also enhances regulatory compliance and reinforces Rakkar’s reputation as a trusted digital asset custodian.

Using FIDO, PIN, and Video Speech Prompts in various combinations based on the transaction's value, we ensure the highest levels of security and efficiency. Customers can be confident that all important operations on our platform are authenticated with additional layers of protection.

By tailoring security measures to transactional risk, Rakkar optimizes customer experience, offering a seamless balance between convenience and speed, while ensuring the highest level of transaction security for your digital asset transactions. With the Rakkar app, clients can manage their digital assets anytime, anywhere eliminating the need to schedule calls with a Rakkar representative.

As Asia’s leading digital asset custody, Rakkar empowers clients to manage their investments with agility and precision.  

About Rakkar

Rakkar stands as Asia's leading qualified digital asset custodian, offering unparalleled asset security to financial institutions. Fortified by our strategic backing from SCB 10X, the investment arm of the Siam Commercial Bank, Rakkar helms the industry’s leading bank-calibre security measures and compliance frameworks. Founded in 2022 and belting esteemed security excellence certifications such as ISO 27001, SOC 1 Type 1 and SOC 2 Type 1 & 2, Rakkar remains unwavering in its mission to offer the most secure, institutional-grade custodian services across Asia.

Disclaimer: Digital assets involve risks; investors should complete independent due diligence and research to carefully make investments according to their own risk profile.
Details
Date
October 2, 2024
Category
Custody
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