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DigiFT, Rakkar partner on tokenized RWA
Firms target custody solutions that meet institutional demands in digital asset space
The Asset 27 Jun 2024

Asian digital asset custodian Rakkar has teamed with DigiFT, a regulated exchange for on-chain real-world assets (RWA), to drive institutional growth in tokenized RWA and secure custodianship.

DigiFT, a MAS-regulated capital markets services licence holder and recognised market operator, is the first regulated exchange on the public blockchain dedicated to RWA.

By complementing Rakkar’s state-of-the-art custody services with DigiFT’s groundbreaking RWA exchange, the two companies aim to create a robust ecosystem for financial institutions to navigate digital assets in a secure and compliant manner.

Qualified custodianship of tokenized RWA – such as DigiFT’s US dollar treasury bills, bank bonds and money market funds – represent a significant advancement towards maximizing asset security and capital efficiency.

“Our partnership with DigiFT underscores our commitment to providing secure, compliant and innovative custody solutions that meet institutional demands in the digital asset space,” adds Arthit Sriumporn, Rakkar founder and CEO. “By collaborating with a regulated RWA exchange like DigiFT, we pave the way for institutions to achieve a more capital efficient future.”

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