The Singapore-based digital asset custodian Rakkar, supported by the risk investment department SCB 10X of Siam Commercial Bank, has announced a strategic partnership with DigiFT, a pioneer in regulated trading of real-world assets (RWA) on the blockchain.
DigiFT holds a crucial advantage with its Capital Markets Services (CMS) license and Recognized Market Operator (RMO) title granted by the Monetary Authority of Singapore (MAS). This makes it the first regulated exchange on a public blockchain specifically for RWAs. By combining Rakkar’s top-tier custodial services with DigiFT’s innovative exchange, the partnership aims to establish a strong ecosystem for institutions to confidently enter the world of digital assets.
Rakkar’s secure custodial solution will protect DigiFT’s tokenized real-world assets such as US Treasury bills, bank bonds, and money market funds. This ensures maximum asset security and increases capital efficiency for institutions.
Arthit Srimporn, Founder and CEO of Rakkar, stated in Thursday’s announcement, “Our partnership with DigiFT underscores our commitment to providing secure, compliant, and innovative custodial solutions to meet the needs of institutional players in the digital asset space. By collaborating with regulated RWA exchanges like DigiFT, we are paving the way for a more capital-efficient future for institutions.”
