October 25, 2024

Proof of Assets Report: Building Trust Through Transparency

Rakkar’s Proof of Assets Report delivers unmatched transparency, offering institutional clients real-time asset verification and seamless regulatory compliance. With industry-grade security and customizable insights, our report reinforces trust in digital asset custody.
Proof of Assets Report: Building Trust Through Transparency

In the digital asset landscape, trust and transparency are paramount. As a leading digital asset custodian, Rakkar understands the importance of offering institutional-grade reporting features to fulfil compliance requirements and maintain trust such as our Proof of Assets Report.

What is Rakkar’s Proof of Assets Report?

The Proof of Assets Report is a comprehensive document that verifies the digital assets that our institutional clients hold under Rakkar’s custody. As a trusted digital asset custodian, we showcase our commitment to transparency by providing verifiable proof of ownership, ensuring that assets held by Rakkar are fully accounted for. It is prepared in alignment with industry-leading auditing and security standards to provide stakeholders with confidence in our custody solutions.  

How Rakkar’s Proof of Assets Benefits You

 

For institutional clients, Rakkar’s Proof of Assets Report offers tangible benefits:

Seamless Regulatory Reporting

Having access to a verified Proof of Assets Report for their assets in custody simplifies compliance and internal reporting processes for institutional clients. The option to select report grouping by asset or vault name further streamlines reporting, helping institutions meet regulatory requirements across jurisdictions with fragmented regulations with ease.

Segmented Reporting

We prioritize transparency at every level, providing clear and easily understandable reports that align with institutional needs, helping them monitor and manage their assets effectively. Institutional clients will have the ability to clearly define reporting parameters for each of their clients and portfolios.

Key Features of Rakkar’s Proof of Assets Report

Seamless One-Click Export

Our Proof of Assets Report is conveniently accessible on the Rakkar web console and available to export at any time.  

Enhanced Security Compliance

Backed by certifications like ISO27001, SOC 1 Type 1, SOC 2 Type 1, and SOC 2 Type 2, the Proof of Assets Report integrates seamlessly with our stringent security frameworks. This ensures that not only are assets accounted for, but they are also protected with the highest standards of security excellence, a critical factor for any digital asset custodian.  

Institutional-Grade Transparency

Designed specifically for institutions, Rakkar’s Proof of Assets Report offers a detailed breakdown of holdings. Clients can select to view the report grouped by asset or vault name, providing flexibility and tailored insights into their holdings. This feature gives asset managers and financial institutions confidence in regulatory reporting and performance monitoring. The report provides transparency into the types of assets held, their quantities, and their safety mechanisms.  

Real-Time Accountability

Our report doesn’t just cover a snapshot in time; it provides an ongoing, up-to-date verification of the assets held in custody. This ensures that our clients always have a clear and transparent view of their assets, setting us apart as digital asset custodians that meet the needs in the dynamic environment of digital assets.

Conclusion

Rakkar’s Proof of Assets Report stands as a testament to our dedication to safeguarding assets and providing institutional clients with the tools they require to operate efficiently and with agility. As an industry-leading digital asset custodian, Rakkar maintains a standard of excellence, combining custody expertise, strict compliance and real-time accountability, Rakkar continues to lead the way in institutional-grade digital assets custody.

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 provides digital asset custodial solutions with bank-grade security and compliance frameworks and an edge in operational agility. 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 25, 2024
Category
Custody
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