Thailand’s Biggest Digital Asset Center, “Bitkub Exchange” Names “Rakkar Digital” as Official Digital Asset Custodian

Singapore, 16 July 2024 – In a significant move for the digital finance sector in Southeast Asia, Rakkar Digital, a leading provider of secure and compliant digital asset custody solutions, has been selected as the official digital asset custodian for Bitkub Exchange, Thailand’s largest digital asset center.

Bitkub Exchange, known for its user-friendly platform and rigorous security and compliance measures, processes approximately $41,498,760 in daily trading volumes as of 13 June 2024 (Ref:Exchange Trade Volume in 24 hrs from coingecko.com). With Rakkar Digital as its qualified custodian, Bitkub further strengthens its infrastructure providing unparalleled security and reliability to its millions of users whilst adhering to the compliance obligations of SEC (The Securities and Exchange Commission,Thailand) regulations.

“As we witness unprecedented growth in the digital assets industry, our alliance with Rakkar Digital, will significantly contribute to our vision of providing a seamless and secure trading experience,” says Atthakrit Chimplapibul, Co-Founder and CEO of Bitkub Online Co., Ltd.

With Rakkar Digital’s 24/7 support and an average cold wallet processing time of 2 hours compared to the industry average SLA (service level agreements) of 24-48 hours, institutional clients like Bitkub are empowered with enhanced treasury management capabilities for unmatched operational agility, security, and compliance.

Arthit Sriumporn, Founder & CEO, at Rakkar Digital, comments, “As the leading qualified custodian in Asia for Bitkub, we are setting new standard for digital asset custody not just for the region, but for the industry worldwide. With an unwavering commitment to security and compliance, Rakkar Digital remains steadfast in providing best-in-class digital asset solutions to unlock institutional growth.”

This strategic partnership is expected to pave the way for advancements in the security and management of digital assets within the region. Rakkar Digital is committed to supporting Bitkub as it continues to expand and cater to the growing needs of the digital asset community.

For more information about the partnership and the services offered, please visit Rakkar Digital’s official website and Bitkub's official website.

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About Rakkar Digital

Rakkar Digital 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 Digital 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, SOC 1 Type 1 and SOC 2 Type 1 & 2, Rakkar Digital 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 Bitkub Exchange

Bitkub Online Co., Ltd., commonly known as Bitkub Exchange, was established in February 2018 with a registered capital of 450 million baht. Bitkub is Thailand's highest-volume digital asset exchange* licensed by the Ministry of Finance and regulated by the Securities and Exchange Commission (SEC). In 2022, Bitkub received the ISO/IEC 27001 certification for Information Security Management Systems and most recently obtained the ISO/IEC 27701 certification for Privacy Information Management Systems from the British Standards Institution**. Additionally, Bitkub was rated at the AAA level, the highest level of security, on Cer.live, a platform that ranks and certifies cybersecurity and CERtification, achieving a score of 93/100, ranking 9th in the world compared to other digital asset exchanges***.

For more information, visit www.bitkub.com.

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References:

*Based on the amount of money or digital assets received and sent out in January 2024, which is information from reports submitted to the SEC by digital asset business operators and from coingecko.com in June 2023.

**ISO 27001 received on January 18, 2022, valid until January 17, 2025, and ISO 27701received on December 9, 2022, valid until January 17, 2025.

***From Cer.live/exchange/Bitkub in June 2024.

Disclaimer:

- Digital assets involve risks; investors should study information carefully and make investments according to their own risk profile.
- Returns/Past Performance does not guarantee future returns/performance.

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