MAS-licensed DigiFT and Rakkar Forge Strategic Partnership to Advance Regulated Real-World Assets in Digital Finance
Singapore, 27June 2024 — Rakkar, a leading digital asset custodian in Asia, announces a strategic partnership with DigiFT, a pioneer in the realm of regulated exchanges for on-chain real-world assets (RWA). This collaboration marks a significant milestone in the journey towards a more secure, transparent, and efficient digital finance landscape.
DigiFT, a MAS-regulated Capital MarketsServices (CMS) license holder and Recognised Market Operator (RMO), is the first regulated exchange on the public blockchain dedicated to RWA. By complementing Rakkar’s state-of-the-art custody services with DigiFT’s groundbreaking RWA exchange, the two companies aim to create a robust ecosystem for financial institutions to navigate digital assets in a secure and compliant manner.
Qualified custodianship of tokenised RWA such as DigiFT’s USD treasury bills, bank bonds and money market funds represent a significant advancement towards maximising asset security and capital efficiency.
“Our partnership with DigiFT underscores our commitment to providing secure, compliant, and innovative custody solutions that meet institutional demands in the digital asset space. By collaborating with a regulated RWA exchange like DigiFT, we pave the way for institutions to achieve a more capital-efficient future,” said Arthit Sriumporn, Founder & CEO of Rakkar.
“We are excited to join forces with Rakkar, leveraging their digital asset custody expertise to create deeper value for DigiFT’s institutional clients trading on the public blockchain. Together, we aim to set new standards for asset security and innovation in the digital asset industry,” added Henry Zhang, Founder & CEO of DigiFT.
As the digital finance sector continues to evolve, this partnership positions Rakkar and DigiFT at the forefront of bridging the gap between traditional financial assets and the burgeoning world of digital finance.
For more information about the partnership and the services offered, please visit Rakkar’s official website and DigiFT’s official website.
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 venture arm of the Siam Commercial Bank, Rakkar employs industry-leading, bank-caliber security measures, compliance frameworks and operational agility. Founded in 2022 and belting esteemed security excellence certifications such as ISO 27001 and SOC 2 Type 1 & 2, Rakkar remains unwavering in its mission to offer the most secure, institutional-grade custodian services across Asia.
For more information, please visit www.rakkardigital.com.
About DigiFT
DigiFT is the first regulated exchange for on-chain real-world assets, approved as a Recognised Market Operator with a Capital Markets Services license by the Monetary Authority of Singapore. DigiFT allows asset owners to issue blockchain-based security tokens and investors can trade with continuous liquidity via an Automated Market Maker (AMM).
Established in Singapore in 2021, DigiFT is fully committed to meeting regulatory requirements to operate in the capital markets space in Singapore, while providing innovative financial solutions that push the boundaries of financial services in a responsible manner.
DigiFT’s founding team comprises executives who have held positions within the finance and fintech worlds at Citi, Standard Chartered, Morgan Stanley, Shenzhen StockExchange and possess deep blockchain technology knowledge, having successfully developed digital asset exchange and products in the past.
For media inquiries, please contact: media@digift.com.sg.