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Rakkar Digital Partners Ondo Finance as First APAC Custodian

Rakkar Digital and Ondo Finance's new partnership aims to enhance institutional-grade digital asset management and custody solutions

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Rakkar Digital has joined Ondo Finance's ecosystem as its first custodian partner in APAC.

The collaboration aims to enhance institutional-grade digital asset management and custody solutions.

Ondo Finance recently announced its strategic expansion into the Asia Pacific region, marking a significant step in its quest to democratize access to US-based assets through tokenization.

Tokenization Platform Ondo Finance Sets Sights On APAC
The US-based company is opening its first office in the region, in Hong Kong, and has appointed a new VP of business development.

The Ondo ecosystem comprises a collaborative network of partners including Blackrock, Morgan Stanley, and Ethereum. It aims to bring institutional-grade financial products and services to a broader audience with enhanced safety and interoperability.

Rakkar Digital will serve as Ondo's only true custodian partner in APAC to support its institutional-grade tokenized cash equivalents. Using ultra-secure Multi-Party Computation (MPC-CMP), Rakkar ensures the highest level of asset safety against cyber threats.

 Nathan Allman, Founder & CEO of Ondo Finance, said the partnership "expands the Ondo Ecosystem and offers Ondo token holders an additional secure, transparent, and efficient financial solution for custody and beyond."
Arthit Sriumporn, Founder & CEO of Rakkar Digital, said partnering with Ondo Finance is a "testament to [their] unwavering commitment to security, compliance, and innovation."
Sriumporn recently spoke to Blockhead regarding the approval of Bitcoin ETFs, stating, "This key event displays the long-term confidence, demand, and opportunities that institutions and regulators have for the digital asset industry."

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Highlighting the importance of custodians, Sriumporn added, "Custodians play a crucial role in asset security and compliance for institutions gunning for a successful ETF filing, and we are excited to be a part of this historical event as a qualified digital asset custodian."