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Singapore-based Rakkar, a leading digital asset custodian backed by SCB 10X, the venture arm of the Siam Commercial Bank, has announced a strategic partnership with DigiFT, a pioneer in regulated exchanges for real-world assets (RWA) on the blockchain.
DigiFT holds a crucial advantage - a Capital Markets Services (CMS) license and Recognised Market Operator (RMO) designation from the Monetary Authority of Singapore (MAS). This makes it the first regulated exchange on a public blockchain dedicated to RWAs. By combining Rakkar's top-notch custody services with DigiFT's groundbreaking exchange, the partnership aims to establish a robust ecosystem for institutions to confidently enter the world of digital assets.
Rakkar's secure custody solutions will safeguard tokenized real-world assets like DigiFT's USD treasury bills, bank bonds, and money market funds. This ensures maximum asset security and improves capital efficiency for institutions.
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“Our partnership with DigiFT underscores our commitment to providing secure, compliant, and innovative custody solutions that meet institutional demands in the digital asset space," Arthit Sriumporn, founder and CEO of Rakkar, said in the announcement on Thursday. "By collaborating with a regulated RWA exchange like DigiFT, we pave the way for institutions to achieve a more capital-efficient future.”
