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Rakkar, DigiFT Form Strategic Partnership to Boost Tokenized Real-World Assets

Singapore-based digital asset custodian Rakkar has teamed up with regulated exchange pioneer DigiFT to enhance the ecosystem for tokenized real-world assets on the blockchain.


Singapore-based digital asset custodian Rakkar has teamed up with regulated exchange pioneer DigiFT to enhance the ecosystem for tokenized real-world assets.
Credit: Foretoken Media 2024

SINGAPORE, June 27, 2024 – Rakkar, a leading digital asset custodian backed by SCB 10X, the venture arm of the Siam Commercial Bank, has announced a strategic partnership with DigiFT. DigiFT is renowned for its regulated exchanges for real-world assets (RWA) on the blockchain.


Licensed Blockchain Capital Operator


DigiFT stands out with its Capital Markets Services (CMS) license and Recognized Market Operator (RMO) designation from the Monetary Authority of Singapore (MAS). The unique status positions DigiFT as the first regulated exchange on a public blockchain dedicated to RWAs.


The collaboration aims to integrate Rakkar's secure custody services with DigiFT's advanced exchange platform, creating a reliable ecosystem for institutional participation in digital assets.


Enhanced Security and Capital Efficiency for Tokenized Assets


Rakkar's secure custody solutions will safeguard tokenized real-world assets such as DigiFT's USD treasury bills, bank bonds, and money market funds. The partnership ensures that institutions can benefit from maximum asset security and improved capital efficiency. Arthit Sriumporn, founder and CEO of Rakkar, emphasized,


“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.”

Boosting Institutional Confidence in Digital Assets


This partnership marks a significant step forward in the digital asset industry, providing institutions with the confidence to enter the market with the assurance of top-notch security and regulatory compliance.


By leveraging DigiFT’s pioneering exchange and Rakkar's custodial expertise, the collaboration aims to set new standards in the tokenization of real-world assets on the blockchain. The collaboration is expected to drive greater adoption of digital assets, backed by regulatory assurance and cutting-edge custody solutions.

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