Rakkar Digital Obtains TSCP License in Hong Kong, Launches Custodian Service

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  • Rakkar Digital is a Singapore-based firm offering digital asset custodian companies to institutional and company purchasers in Southeast Asia and Hong Kong.
  • Rakkar Digital has obtained a TSCP license in Hong Kong.
  • Rakkar Digital launched custodian companies instantly after acquiring the license.

Rakkar Digital has introduced the launch of Rakkar Digital Asset Custodian, powered by Fireblocks’ MPC-CMP direct custody know-how. Fireblocks, Collider and MarketAcross hosted his Web3 startup occasion earlier within the 12 months.

The announcement comes shortly after Rakkar Digital has obtained a Belief or Firm Service Supplier (TCSP) license in Hong Kong. In June 2022, the corporate accomplished a $10 million seed funding funding by SCB 10X, the enterprise capital arm of Siam Business Financial institution.

Rakkar Digital Asset Custodian Service

Because the digital asset business grows, Rakkar Digital addresses vulnerability to cyber threats throughout the digital asset business by offering institutional grade certified custodian companies to its purchasers.

As a TCSP licensee, Rakkar Digital should adjust to the Cash Laundering and Counter-Terrorism Financing Ordinance (AMLO). This ensures that due diligence necessities are met and acceptable safeguards are in place to forestall cash laundering and terrorist financing actions.

Arthit Sriumporn, Founder and CEO of Rakkar Digital, commented on the event:

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“From day one, we’ve had a robust ardour for constructing dependable infrastructure for the business. We’ve got come a great distance with the launch of our institutional-level certified custodian companies. We’ll proceed to enhance our services based mostly on our core values ​​of Belief, Safety and Reliability.These milestones are a protected and dependable manner for our institutional clients within the area. It demonstrates our dedication to offering top quality digital asset custodian companies.”

Rakkar Digital Asset Custodian is constructed on cutting-edge know-how and strong safety measures with Fireblocks’ ultra-secure MPC-CMP know-how and {hardware} isolation that permits multi-layered safety whereas sustaining flexibility .

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