Rakkar Digital
Rakkar Digital is a Singapore-headquartered, Thai SEC-licensed institutional digital asset custodian offering MPC-CMP-secured custody for over 1,000 tokens across 40+ blockchains to asset managers, family offices, venture funds, crypto exchanges, and protocols across Southeast Asia.
- Company typePrivate
- Founded2022
- HeadquartersSingapore, Singapore
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Rakkar Digital does
Rakkar Digital is a Singapore-headquartered institutional digital asset custody platform, founded in 2022 as a joint venture between SCBX (parent of Siam Commercial Bank) and Fireblocks. The company provides qualified custody for over 1,000 digital tokens across 40+ blockchain networks to asset managers, family offices, venture capital funds, crypto exchanges, and protocols, with primary operations in Thailand. Its core platform leverages MPC-CMP (Multi-Party Computation – Correlationed Masking Primitive) technology combined with Hardware Security Module (HSM) isolation and air-gapped, fully segregated cold wallet infrastructure, delivering a 2-hour cold wallet signing SLA materially faster than the 24-48 hour industry standard. Rakkar holds Thailand's Digital Asset Custodian License from the Ministry of Finance under SEC supervision, plus ISO 27001, SOC 1 Type 1, SOC 2 Type 1, and SOC 2 Type 2 certifications, and reports over US$700 million in Assets Under Custody.
The company's revenue model combines subscription-based custody service fees (annual Enterprise MSA contracts plus monthly Startup Packages) with pass-through network transaction fees and managed-services revenue from integrated staking through Figment and Kiln. Go-to-market is primarily direct enterprise sales supplemented by channel and technology partnerships (Gemini, Talos, DigiFT, Agora, Injective, Aspire) and event-driven marketing anchored at Singapore Fintech Festival and the signature 'Custody in Burgundy' series. Named institutional customers include Bitkub Exchange (Thailand's largest digital exchange as official custodian), InnovestX, Waan Exchange, Injective Network, and Agora (AUSD stablecoin). In March 2026, DV8 Public Company (SET: DV8) signed a Share Purchase Agreement to acquire 100% of Rakkar Digital for up to THB 100 million (~US$3 million) with a planned additional THB 100 million (~$2.7M) capital injection to meet Thai SEC net capital requirements, marking a strategic pivot for DV8 from media into regulated digital asset infrastructure.
Rakkar Digital firmographics
Firmographics- Name
- Rakkar Digital
- Legal name
- Rakkar Digital Co., Ltd.
- Website
- https://rakkardigital.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Rakkar Digital is a Singapore-headquartered, Thai SEC-licensed institutional digital asset custodian offering MPC-CMP-secured custody for over 1,000 tokens across 40+ blockchains to asset managers, family offices, venture funds, crypto exchanges, and protocols across Southeast Asia.
- Ownership category
- akta.pro rank
Rakkar Digital industry classification
Industry- Product category
- Digital Asset Custody
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Digital Asset Custody & Wallet Infrastructure for Institutions (MPC/HSM, key mgmt, policy controls) (FSAPAIAE)
- akta.pro secondary industries
- Custody Technology Platforms (Custody-as-a-Service) (FSADACAB), Digital Asset Custody & Key Management (MPC, HSM, Wallet Infra) (FSAGAMAB), Digital Asset Custody (Institutional Crypto Custody) (FSAFAHAH)
Keywords
Where Rakkar Digital is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices1 record
Markets served
Rakkar Digital business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales
Revenue model
- Custody Service Fees: Subscription-based fees for digital asset custody services, charged according to order forms and Master Service Agreement terms. Includes account management, secure storage, and platform access.
- Network Transaction Fees: Fees paid to network validators for processing blockchain transactions. Displayed on the platform prior to transaction confirmation. The company does not profit from network fees — they are passed through to validators.
- Entitlements Management (Staking/Airdrops): The company may, at its discretion, support claiming and receiving entitlements accruing to clients from digital assets held in custody, such as staking rewards, airdrops, or other benefits. Decision made on a case-by-case basis.
- Digital Asset Staking Services: Staking services enabling institutional clients to earn rewards directly from custody, integrated with partners Figment and Kiln, with both liquid and protocol staking options.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Startup Package - institutional-grade custody at accessible cost |
| Subscription | Annual | Enterprise / Institutional Custody - custom pricing |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels7 records
Rakkar Digital product offering
Product offeringCore offering
Rakkar Digital provides institutional-grade digital asset custody services using MPC-CMP (Multi-Party Computation - Centralized Multi-Party) technology combined with HSM (Hardware Security Module) hardware isolation. The platform supports over 1,000 tokens across 40+ blockchain networks, offering secure storage, governance controls, automated reporting, and integrated staking. It is designed for institutional clients including asset managers, family offices, venture capital funds, exchanges, and blockchain protocols.
Product overview
Rakkar Digital operates as a licensed digital asset custody platform providing institutional-grade services primarily in Thailand and Southeast Asia. The core offering is the Digital Asset Custody Platform, which supports over 1,000 tokens across 40+ blockchain networks using MPC-CMP technology and HSM security. Access is provided through the Rakkar Web Console. Additional modules include Digital Asset Staking (via Kiln and Figment integrations), Startup Packages for emerging companies, and institutional reporting tools (Proof of Assets Report, End-of-Day Balances Report). The company was established as a joint venture between SCBX (parent of Siam Commercial Bank) and Fireblocks, and holds Thailand's Digital Asset Custodian License from the Ministry of Finance under SEC supervision.
Differentiator
Problem solved
Functional benefit
Products and services
- Digital Asset Custody Platform Core custody platform providing institutional-grade secure storage for digital assets using MPC-CMP distributed key management combined with HSM hardware isolation. Supports 1,000+ tokens across 40+ blockchain networks with built-in governance controls, automated reporting, and integrated staking. Designed for institutional clients such as asset managers, family offices, VC funds, exchanges, and blockchain protocols.
- Rakkar Web Console Web-based client interface for the Rakkar Digital custody platform, enabling users to manage custody, DeFi, and staking workflows from a unified dashboard. Used by institutional clients to monitor balances, execute governance-approved transactions, and view reports.
- Digital Asset Staking Service Institutional staking service integrated with the custody platform, currently supporting Ethereum, Solana, and Polkadot. Enables institutional clients to generate yield on held assets without relinquishing custody, with additional network support planned.
- Rakkar Startup Package Tailored custody package designed for Web3 startups, featuring zero setup fees and usage-based pricing. Provides smaller and emerging projects access to institutional-grade custody infrastructure.
Quantifiable outcome
- 2-hour cold wallet signing SLA (vs. 24-48 hour industry standard)
- +3 more outcomes
Companies that use Rakkar Digital
Customer profileNamed customers5 records
Segments6 records
Ideal customer profiles6 records
Rakkar Digital technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
Rakkar Digital partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered major, minor and core.
- Injective FoundationmajorRakkar provides institutional-grade custody for INJ tokens and the Injective blockchain, enabling financial institutions to securely and compliantly participate in Injective's DeFi ecosystem. The collaboration bridges traditional finance and decentralized finance, providing developers and innovators increased connectivity for institutional adoption.
- FigmentmajorRakkar partnered with Figment to offer institutional clients enhanced staking capabilities directly from custody. Figment provides the staking infrastructure while Rakkar handles asset security. The partnership covers both liquid and protocol staking options, enabling institutions to earn rewards without moving assets out of custody.
- KilnmajorRakkar integrated Kiln's direct-from-custody ETH staking solutions, enhancing institutional capital efficiency. Kiln provides the staking infrastructure enabling Rakkar's clients to stake ETH directly from their custodial accounts.
- GeminimajorGemini and Rakkar announced a strategic collaboration combining expertise in market accessibility and asset security to advance institutional digital asset adoption across Asia. The partnership includes co-hosting events such as 'Custody in Burgundy' at Singapore Fintech Festival.
- TalosminorTalos collaborated with Rakkar at the 'Custody in Burgundy' event during Singapore Fintech Festival 2024, representing a marketing and networking partnership within the institutional digital asset ecosystem.
- AspireminorAspire and Rakkar partnered to guide next-gen founders into the future of digital finance through a series of seminars covering digital asset security, compliance, and risk management best practices.
- DigiFTmajorMAS-licensed DigiFT and Rakkar formed a strategic partnership to advance regulated real-world assets in digital finance. The partnership enables institutional growth in tokenized real-world assets and secure custodianship, advancing convergence of traditional and digital finance.
- AgoramajorRakkar partnered with Agora to offer institutional clients secure custody of AUSD, a fully collateralized, bankruptcy-remote digital dollar backed by The Agora Reserve Fund. The collaboration empowers institutions with compliant and seamless access to digital finance.
- FireblockscoreFireblocks provides the underlying digital asset infrastructure platform powering Rakkar's custody services, enabling MPC technology, multi-party computation, and secure transaction processing across 1,000+ tokens.
- Bitkub ExchangecoreThailand's largest digital asset exchange, Bitkub Exchange, appointed Rakkar Digital as its official digital asset custodian, providing security and operational excellence for customer funds and further solidifying Bitkub's position as a trusted exchange.
- Waan ExchangemajorWaan Exchange, a cryptocurrency exchange and broker licensed by the Thailand SEC, named Rakkar as its digital asset custodian for safeguarding of its digital assets.
- InnovestXmajorInnovestX, a securities and digital asset services firm, named Rakkar Digital as its digital asset custodian.
Scale indicators9 records
Recent moves6 records
Expansion highlights6 records
Rakkar Digital competitors and assessment
Company assessmentDirect peers
- Fireblocks: Fireblocks is both Rakkar's underlying technology provider (MPC-CMP platform) and a direct global competitor in institutional digital asset custody, treasury management, and settlement infrastructure serving exchanges, asset managers, and banks.
- Hex Trust: Hex Trust is a licensed institutional digital asset custodian headquartered in Asia (Hong Kong) offering bank-grade custody for institutions across multiple chains — the most direct regional competitor to Rakkar in SEA.
- BitGo: BitGo is one of the largest institutional digital asset custodians globally, offering qualified custody, multi-signature wallet infrastructure, and staking across hundreds of tokens — directly comparable in target market and service breadth.
- Anchorage Digital: Anchorage Digital is a federally chartered crypto bank in the US providing institutional digital asset custody with staking, governance, and settlement services — directly comparable in regulated institutional custody positioning.
- Cobo: Cobo is an Asia-headquartered institutional digital asset custody and wallet infrastructure provider serving exchanges, funds, and protocols with MPC and HSM-based custody — directly competing in Rakkar's core market.
- Komainu: Komainu is a joint venture between Nomura, Ledger, and GFT providing regulated institutional digital asset custody to banks and asset managers — comparable in regulatory-grade custody positioning and institutional client focus.
- Sygnum: Sygnum is a Swiss-regulated digital asset bank providing institutional custody, trading, lending, and tokenization services — comparable as a regulated institutional digital asset services platform targeting banks, asset managers, and HNWIs.
Broad incumbents
- Coinbase Custody: Coinbase Custody is the institutional arm of Coinbase, offering qualified custody for digital assets at global scale as part of a broader crypto exchange and trading platform — a broader incumbent with overlapping institutional custody services.
- Gemini Custody: Gemini is a regulated US crypto platform offering institutional custody via Gemini Trust as part of a broader exchange and prime brokerage business — Rakkar has a partnership with Gemini but Gemini also serves as an indirect competitor for institutional clients in Asia.
Emerging players
- Propine Technologies: Propine is a Singapore-based institutional digital asset custody provider targeting capital markets participants in Southeast Asia — a regional emerging player with comparable product offering and customer base.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Rakkar Digital social profiles
Digital presenceRakkar Digital compliance and trust
Trust signalCompliance5 records
Rakkar Digital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Rakkar Digital leadership team
Management profileNumber of profiles
Profiles3 records
Rakkar Digital funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Rakkar Digital M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Rakkar Digital
What does Rakkar Digital do?
Rakkar Digital provides institutional-grade digital asset custody services using MPC-CMP (Multi-Party Computation - Centralized Multi-Party) technology combined with HSM (Hardware Security Module) hardware isolation. The platform supports over 1,000 tokens across 40+ blockchain networks, offering secure storage, governance controls, automated reporting, and integrated staking. It is designed for institutional clients including asset managers, family offices, venture capital funds, exchanges, and blockchain protocols.
Is Rakkar Digital a public or private company?
Rakkar Digital is a private company. It is classified as venture growth investor backed and is currently operating.
When was Rakkar Digital founded?
Rakkar Digital was founded in 2022. It employs 11 to 50 people.
Where is Rakkar Digital based?
Rakkar Digital is headquartered in Singapore, Singapore, in the Asia region.
How does Rakkar Digital make money?
Four revenue lines are on record. Custody Service Fees are the primary driver. The others are network Transaction Fees, entitlements Management (Staking/Airdrops) and digital Asset Staking Services.
Who are Rakkar Digital's main competitors?
Direct peers on record are Fireblocks, Hex Trust, BitGo, Anchorage Digital, Cobo, Komainu and Sygnum. Broad incumbents are Coinbase Custody and Gemini Custody. Propine Technologies is listed as an emerging player.
Does Rakkar Digital have an API?
No public API is recorded for Rakkar Digital.
What industry is Rakkar Digital in?
Rakkar Digital's product category is Digital Asset Custody. Its primary akta.pro industry code is FSAPAIAE, Digital Asset Custody & Wallet Infrastructure for Institutions (MPC/HSM, key mgmt, policy controls), with a secondary code of FSADACAB, Custody Technology Platforms (Custody-as-a-Service). Its NAICS code is 522320 and its SIC code is 6200.