Rakkar Digital: A Leading APAC Custodian in Figment’s Ecosystem

Published
May 16, 2024
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Rakkar Digital, Asia’s leading qualified digital asset custodian, is enhancing its capabilities by integrating Figment’s comprehensive staking services and enabling staking for major digital assets such as ETH, ADA, and ATOM. This integration establishes Rakkar Digital as a qualified third-party custodian within Figment’s network and showcases Figment’s commitment to expanding its reach in the Asia-Pacific region. This step not only enhances our ability to serve clients in this area but also strengthens our overall staking ecosystem.

Working with Figment enables Rakkar Digital to advance its secure digital asset custody offerings for institutions and enterprises, representing a significant step in our shared mission to foster the adoption and innovation of blockchain technology. By leveraging Figment’s top-tier staking solutions, Rakkar Digital is able to enhance its service offerings to provide additional  market opportunities for new and existing institutional clients, while keeping the assets in custody safe with multi-layer security defense mechanisms

As the leading qualified custodian in Asia, partnering Figment as a leading APAC custodian is a testament to our commitment to provide best-in-class digital asset solutions for all institutional clients in the region. Our clients can now access more opportunities to grow their assets in a compliant manner, while having their assets in secure custody protected by ultra-secure MPC-CMP technology and governance mechanisms.

– Arthit Sriumporn, Founder & CEO, at Rakkar Digital

We are excited to welcome Rakkar Digital as a leading APAC custodian into our ecosystem. This collaboration is a testament to our combined vision of fostering blockchain innovation and providing secure and reliable staking solutions. Rakkar’s expertise in the APAC market, combined with our industry-leading staking infrastructure, sets the stage for unparalleled service and growth in the region.

– Yanshan Tan, Head of APAC, at Figment

What are the Benefits of the Collaboration Between Figment and Rakkar?

  • Institutional clients can now gain from Figment’s deep engineering and protocol knowledge, earning consistent staking rewards through Figment’s ‘Safety Over Liveness‘ approach.
  • Institutional clients of Rakkar will benefit from Figment’s rigorous security standards, backed by certifications such as SOC 2 Type I and ISO 27001, ensuring peace of mind through robust risk and slashing coverage.
  • Institutional clients can seamlessly access and earn staking reward opportunities, while having assets in secure custody, protected with Rakkar’s multi-layered security infrastructure, certified by SOC 2 Type I & II, and ISO 27001. 

About Rakkar Digital

Rakkar Digital stands as Asia’s leading qualified digital asset custodian, offering unparalleled asset security to financial institutions. Fortified by the strategic backing from SCB 10X, the investment arm of the Siam Commercial Bank, Rakkar Digital helms the industry’s leading bank-caliber security measures, compliance frameworks and operational agility. Founded in 2022 and belting esteemed security excellence certifications such as ISO 27001 and SOC 2 Type 1 & 2, Rakkar Digital remains unwavering in its mission to offer the most secure, institutional-grade custodian services across Asia. 

For more information, please visit www.rakkardigital.com

This information is provided for general informational purposes only and should not be considered legal, business, tax, or investment advice. Figment and Rakkar Digital undertake no obligation to update the information herein. 

Rakkar Disclaimer: Digital assets involve risks; investors should study information carefully and make investments according to their own risk profile. 

About Figment
Figment is the leading provider of staking infrastructure. Figment provides the complete staking solution for over 500 institutional clients, including asset managers, exchanges, wallets, foundations, custodians, and large token holders, to earn rewards on their digital assets.

The information herein is being provided to you for general informational purposes only. It is not intended to be, nor should it be relied upon as, legal, business, tax or investment advice. Figment undertakes no obligation to update the information herein.

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