Rakkar’s Game-Changing Approach to Digital Asset Custody & Transaction Management

Effective transaction management is crucial for institutional clients navigating the complexities of digital asset custody. Transparent and secure handling of financial activities not only fosters trust but also ensures compliance with regulatory standards. At Rakkar, we recognize the significance of providing robust tools for managing transactions seamlessly. Our digital asset custody platform empowers clients with detailed transaction histories, real-time status updates, and comprehensive reporting capabilities, all designed to enhance financial oversight and decision-making. Explore how Rakkar sets the standard for transaction management in the digital asset custody landscape.  

As a qualified digital asset custodian, Rakkar offers a platform for institutional clients to custody their digital assets with their needs in mind. While ensuring asset security with our certified multi-layered ertified security architecture, We feature a streamlined and transparent way to manage their financial activities with detailed transaction histories and robust export capabilities to ensure unparalleled transparency and control over their transactions. Here’s how these digital asset custody features can benefit institutional clients:

Seamless Transaction Log

Viewing and tracking transaction history with efficient and transparent reporting capabilities is at the heart of Rakkar’s user-friendly interface.

One-Click Export Capabilities

Rakkar digital asset custodian solution offers comprehensive reporting capabilities exclusively via the Rakkar web console via a one-click export.

Having comprehensive and easily exportable records ensures that clients can meet regulatory requirements and maintain transparency with stakeholders. This capability is critical for clients who need to demonstrate clarity in financial reporting, financial integrity and compliance.  

Highly Comprehensive Transaction Detail

At Rakkar, we understand the importance of transparency and clarity in managing your digital assets as a digital asset custodian. Our platform provides detailed information for every transaction, including:  

Transaction Types

Easily identify various transaction-related activities, including standard types such as Deposits and Withdrawals. In addition, Rakkar’s unique “Rebalance” feature sets Rakkar’s digital asset custodian solution apart. This feature allows clients to strategically adjust their asset allocations between Rakkar Warm and Rakkar Cold custody vaults, optimizing portfolio performance in response to market conditions and investment goals. This clarity enables clients to categorize and oversee their financial activities with precision, streamlining their management processes and enhancing their investment strategies effectively within our platform. As we continue to evolve, additional transaction-related activities will further enhance the flexibility and functionality of our offerings.

Transaction Fee Clarity

Choose to view transaction confirmations both including and excluding gas fees for complete financial clarity and how it impacts your P&L. A clear breakdown of each transaction brings value our institutional clients in making more informed financial decisions within our digital asset custody platform.  

Chain Selection & Confirmation

For clients to have full transparency of the blockchain network used for transactions is crucial to help track and verify transactions independently and prevent any unnecessary losses. Our goal as a digital asset custody provider is to enhance trust and transparency, even within our platform designed to prevent human-errors, so clients can confirm that transactions are processed on their preferred reputable and secure networks.

Transaction Status Updates

Each transaction takes a different amount of time to be processed on the blockchain, depending on the network you choose. Rakkar delivers peace of mind to our institutional clients by helping them stay informed with prompt status updates indicating whether a transaction is pending, completed, or failed is key to effective digital asset management. Our institutional clients receive status updates about the progress of their transactions, allowing them to act quickly if any issues arise, which provides peace of mind and reduces the need for constant monitoring, as clients can trust that they will be notified of any transaction failures and act quickly within our digital asset custody framework.  

Block Explorer verification

Each transaction also includes a hash link to the block explorer for in-depth blockchain tracking allowing clients to trace the path of their assets, verify transaction details independently on the blockchain, and ensure that all transactions align with their expectations.  

Focus on Specific Assets

Apart from having access to a centralised and comprehensive view of all transactions, Rakkar digital asset custody platform also allows clients to view transactions related to specific vaults and assets, enhancing the ease of tracking and managing particular investments and/or portfolios effortlessly.  

Fully Traceable Activity Logs

Governance is built in at the core of Rakkar’s digital asset custody platform to allow institutional clients to manage their assets within their team effectively. Our activity logs document every user action within the vaults, including initiations, approvals, and rejections. This comprehensive traceability of all user interactions provides a clear record of who did what and when, enhancing accountability and reducing governance risk for the digital assets in custody. Well-loved by regulated financial institutions and their audit and compliance counterparts, this feature is particularly valuable and guarantees that all user activities are documented transparently.  

Additionally, monitoring activities both on Rakkar and the blockchain ensures comprehensive oversight. By verifying that all transactions are processed correctly and transparently, this oversight builds trust and ensures that all financial activities are conducted with integrity. The detailed activity logs and blockchain monitoring together ensure a high level of accountability and transparency across our digital asset custody platform.

24/7 Service Availability Any Time, Anywhere

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Clients can execute transactions from either the Rakkar mobile app or web console, providing flexibility. The ability to initiate transactions from multiple platforms ensures that clients can manage their financial activities from anywhere, at any time. This flexibility enhances convenience and allows clients to respond quickly to market changes.  

Discover more about how Rakkar ensures the security of your transactions.

Conclusion

Rakkar’s digital asset custody platform provides the tools clients need to manage their transactions transparently, securely, and conveniently, enhancing their overall digital asset management experience. With comprehensive transaction details, effortless history viewing, secure initiation, detailed activity logs, and robust export capabilities, our institutional clients will always have the full toolkit to govern and manage their assets effectively without compromising on asset security.