Rakkar, a portfolio company of SCB 10X (venture capital arm of SCBX Group), proudly announces that Rakkar Digital Co., Ltd (“Rakkar Thailand”) has been granted the Digital Asset Custodian License from the Ministry of Finance under the supervision of the Securities and Exchange Commission of Thailand (SEC). The company is currently under preparation for license activation prior to commencing its licensed business in Thailand.
This milestone establishes Rakkar as the leading regional digital asset custodian with a presence in the country, achieved through the license secured by Rakkar Thailand, reinforcing Rakkar’s commitment to delivering institutional-grade, compliant, and secure custody solutions for institutions across Thailand and Asia.
This license empowers Rakkar to operate as a fully licensed custodian in Thailand’s dynamic digital asset market, enabling regulated institutions to secure and manage digital assets with unparalleled private key security and efficiency.
In addition to this milestone, Rakkar Digital Group has achieved a remarkable 700 million USD in Assets Under Custody (AUC), solidifying its position as the fastest-growing qualified digital asset custodian for institutions in Asia.
“These dual milestones reflect the strength of our vision and the confidence our clients place in our capabilities and solutions,” said Arthit Sriumporn, Founder and CEO of Rakkar. “With the strategic support of SCB 10X and the unwavering support of our clients and partners, we remain resolute in setting the gold standards for end-to-end security , compliance, and innovation as we empower institutions to embrace the digital asset economy with trust and confidence.”
Rakkar Digital Group’s custodial services empower institutional clients from small to large regulated exchanges, brokers and fund managers to achieve enhanced efficiency in custody operations. Offering the industry’s fastest service-level agreements (SLA) and time to market, Rakkar Digital Group provides unmatched agility to empower its clients to meet the demands of the highly dynamic digital asset economy.
Mukaya Tai Panich, CIO & CEO of SCB 10X, said, "Rakkar Digital Group’s rapid rise in the region, exemplified by securing Thailand's Digital Asset Custodian License and surpassing US$700M in AUC within two years, reflects their leadership and immense growth potential in the digital asset space. SCB 10X, a venture capital arm of SCBX Group, is proud to support Rakkar Thailand’s mission to set new benchmarks in enabling institutional-grade digital asset custodial solutions in Thailand and foster trust in the rapidly evolving digital asset ecosystem in the region."
Rakkar Digital Group was among Fireblocks’ first partners to join its Global Custodian Partner Program, a first-of-its-kind global network of licensed digital asset custodians to support its customers at meeting rapidly evolving regulatory standards.
Adam Levine, SVP, Head of Corporate Development & Partnerships at Fireblocks, commented, “Rakkar securing Thailand’s Digital Asset Custodian License is an excellent achievement and further bolsters the strength of the Fireblocks Global Custodian Network by offering access to one of Thailand’s premier digital asset custodians.”
This landmark achievement positions Rakkar at the forefront of digital asset custody in Thailand and beyond, empowering institutions in Asia to navigate the future of digital assets with trust and confidence.
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