Rakkar, a qualified digital asset custodian, and DigiFT, a MAS-regulated exchange for on-chain real-world assets (RWA), have partnered to create a robust ecosystem for financial institutions to navigate digital assets in a secure and compliant manner.
The collaboration aims to drive institutional growth in tokenized real-world assets and secure custodianship, advancing the convergence of traditional and digital finance.
DigiFT, the first regulated exchange on the public blockchain dedicated to RWA, is a MAS-regulated Capital Markets Services (CMS) license holder and Recognised Market Operator (RMO).
By bringing Rakkar’s custody service into the equation, DigiFT will be able to offer qualified custodianship of tokenized RWA such as USD treasury bills, bank bonds, and money market funds.
“We pave the way for institutions to achieve a more capital-efficient future”
Arthit Sriumporn, Founder & CEO of Rakkar, said: “Our partnership with DigiFT underscores our commitment to providing secure, compliant, and innovative custody solutions that meet institutional demands in the digital asset space. By collaborating with a regulated RWA exchange like DigiFT, we pave the way for institutions to achieve a more capital-efficient future.”
Henry Zhang, Founder & CEO of DigiFT, commented: “We are excited to join forces with Rakkar, leveraging their digital asset custody expertise to create deeper value for DigiFT’s institutional clients trading on the public blockchain. Together, we aim to set new standards for asset security and innovation in the digital asset industry.”
DigiFT’s founding team comprises executives who have held positions within the finance and fintech worlds at Citi, Standard Chartered, Morgan Stanley, and Shenzhen Stock Exchange.
