Rakkar Digital and Ondo Finance to Redefine Custody Standards in APAC
Rakkar Digital, recognized as Asia’s foremost qualified digital asset custodian, proudly announces its partnership with Ondo Finance, becoming the inaugural custodian partner in the Asia-Pacific (APAC) region within the Ondo Ecosystem. This strategic collaboration signifies a crucial step in the advancement of institutional-grade digital asset management and custody solutions, solidifying Rakkar Digital’s status as a security-first, compliant, and agile custodian in the rapidly expanding digital asset sector.
Ondo Finance, renowned for its dedication to constructing the next generation of financial infrastructure, strives to improve market efficiency, transparency, and accessibility through innovative on-chain solutions. The Ondo Ecosystem, a collaborative network featuring partners such as BlackRock, Morgan Stanley, and Ethereum, is committed to delivering institutional-grade financial products and services to a broader audience, ensuring safety, integrity, and seamless interoperability across various blockchain platforms.
As the singular custodian partner in APAC and the exclusive qualified custodian supporting all of Ondo Finance’s institutional-grade tokenized cash-equivalents, Rakkar Digital introduces unparalleled asset security, compliance, and operational agility. Leveraging ultra-secure Multi-Party Computation (MPC-CMP) technology and its proprietary governance engine, Rakkar Digital guarantees the highest level of asset safety against cyber threats, internal risks, and human errors.
Nathan Allman, Founder & CEO of Ondo Finance, shared his vision for the collaboration, stating, “Rakkar Digital’s expertise in digital asset custody makes them an ideal partner for Ondo Finance. This partnership expands the Ondo Ecosystem and offers Ondo token holders an additional secure, transparent, and efficient financial solution for custody and beyond.”
Arthit Sriumporn, Founder & CEO of Rakkar Digital, expressed enthusiasm about the partnership, affirming, “Joining forces with Ondo Finance as the first custodian partner in APAC is a testament to our unwavering commitment to security, compliance, and innovation. Together, we are setting new standards for digital asset custody and management, empowering institutions and enterprises to navigate the digital asset landscape with confidence and trust.”
The partnership between Rakkar Digital and Ondo Finance aims to drive the adoption of tokenized real-world assets in the APAC region, providing institutions with a trusted and comprehensive solution for digital asset custody and management. Positioned at the forefront of the evolving digital asset market, Rakkar Digital and Ondo Finance lead the charge towards a more secure, transparent, and accessible financial future.
About Rakkar Digital
Rakkar Digital stands as Asia’s leading qualified digital asset custodian, offering unparalleled asset security to financial institutions. Fortified by strategic backing from SCB 10X, the investment arm of the Siam Commercial Bank, Rakkar Digital upholds industry-leading bank-caliber security measures, compliance frameworks, and operational agility. Founded in 2022 and boasting esteemed security excellence certifications such as ISO 27001 and SOC 2 Type 1, Rakkar Digital remains steadfast in its mission to provide the most secure, institutional-grade custodian services across Asia.
About Ondo Finance
Ondo Finance provides institutional-grade, blockchain-enabled investment products and services. Ondo has an asset management arm that creates and manages tokenized financial products as well as a technology arm that develops decentralized finance protocols and blockchain solutions. Ondo’s first core products are tokenized cash equivalents that deliver very low risk, high-quality yield from U.S. Treasuries, money market funds, and similar instruments, offering on-chain investors an alternative to stablecoins where holders rather than issuers earn the vast majority of the underlying asset yield.
Image by Sreehari Devadas from Unsplash
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