Rakkar

About Rakkar

Rakkar Digital operates as a qualified digital asset custodian, providing secure storage and management services for institutional clients across Asia. Founded in 2022 by Arthit Sriumporn, the company is headquartered in Singapore with offices in Hong Kong, Thailand, and Vietnam. Sriumporn, an engineer with over 20 years of experience in financial services and technology at institutions like Siam Commercial Bank and Techcombank, established Rakkar to address the security and compliance needs of institutions entering the digital asset space.

The firm's core business revolves around offering institutional-grade custody for digital assets, targeting a client base that includes asset managers, crypto exchanges, family offices, venture capital funds, and fund managers. A significant milestone was achieved in October 2022 when Rakkar secured $10 million in a seed funding round from SCB 10X, the venture capital arm of Siam Commercial Bank. This strategic backing has been pivotal to its growth and its mission to deliver bank-grade security and compliance. By late 2024, the company had surpassed US$700 million in assets under custody. A key regulatory achievement includes obtaining a Digital Asset Custodian License from Thailand's Ministry of Finance, enabling it to operate as a fully licensed custodian in the country under the supervision of the Thai SEC.

Rakkar's service is built on a foundation of robust security technology, utilizing ultra-secure Multi-Party Computation (MPC-CMP) technology and hardware security modules (HSM) to protect assets. This infrastructure ensures that clients' assets are fully segregated and bankruptcy remote. The platform supports thousands of tokens across more than 40 blockchain networks, including major ones like Bitcoin, Ethereum, and Solana. It provides clients with highly customizable governance controls and detailed reporting for reconciliation. In addition to custody, Rakkar has expanded its services to include enterprise-grade staking through partnerships with firms like Kiln and Figment, allowing clients to earn rewards on their holdings directly from the secure custody platform.