what's Rakkar Digital?
Rakkar Digital is a licensed digital asset and crypto custodian trusted by global financial institutions. Backed by Siam Commercial Bank's investment arm, SCB 10X, and powered by ultra-secure MPC-CMP technology, it advances financial institutions into the digital finance era with security, compliance, and unmatched agility. Rakkar delivers ultra-secure digital asset and crypto custody solutions with full segregation and unparalleled agility in service. Its assets are fully segregated, insured, and airgapped with ultra-secure MPC-CMP technology, hardware isolation, and bank-grade security, certified with SOC 1 & 2. It supports thousands of tokens across 40+ chains and maximizes liquidity with insured protection against risk factors.
DV8Thailand acquired equity in Rakkar Digital, which holds $700M AUM and a SEA digital asset license.
Holds a digital asset custodian license from the Thai SEC, becoming Southeast Asia's first Bitcoin treasury company.
Entered acquisition agreement with DV8 for up to 100%, with THB 100M capital injection planned.
Reported over $700 million in assets under custody as of December 24, 2024.
Operates as a joint venture between SCBX and Fireblocks.
Received a $10 million seed investment from SCB 10X in 2022.