Rakkar Digital, a provider of secure and compliant digital asset custody solutions, has been selected as the official digital asset custodian for Bitkub Exchange, Thailand’s largest digital asset center.

Bitkub Exchange said in a statement on Tuesday that with Rakkar Digital as its qualified custodian, Bitkub further strengthens its infrastructure providing unparalleled security and reliability to its millions of users whilst adhering to the compliance obligations of the Securities and Exchange Commission, Thailand (SEC) regulations.

This strategic partnership is expected to pave the way for advancements in the security and management of digital assets within the region.

Rakkar Digital is committed to supporting Bitkub as it continues to expand and cater to the growing needs of the digital asset community.

According to the statement, Bitkub Exchange processes approximately $41,498,760 in daily trading volumes as of June 13, 2024.

“As we witness unprecedented growth in the digital assets industry, our alliance with Rakkar Digital, will significantly contribute to our vision of providing a seamless and secure trading experience,” said Atthakrit Chimplapibul, Co-Founder and Chief Executive Officer of Bitkub Online Co., Ltd.

With Rakkar Digital’s 24/7 support and an average cold wallet processing time of two hours compared to the industry average service level agreements (SLA) of 24-48 hours, institutional clients like Bitkub are empowered with enhanced treasury management capabilities for unmatched operational agility, security, and compliance.

“As the leading qualified custodian in Asia for Bitkub, we are setting new standard for digital asset custody not just for the region, but for the industry worldwide,

“With an unwavering commitment to security and compliance, Rakkar Digital remains steadfast in providing best-in-class digital asset solutions to unlock institutional growth,” said Arthit Sriumporn, Founder and Chief Executive Officer, at Rakkar Digital.

Bitkub Online Co., Ltd., commonly known as Bitkub Exchange, was established in February 2018 with a registered capital of 450 million baht ($12.41 million).

The firm is Thailand’s highest-volume digital asset exchange licensed by the Ministry of Finance and regulated by the Securities and Exchange Commission (SEC).

Rakkar Digital is a qualified digital asset custodian offering unparalleled asset security to financial institutions.

Fortified by its strategic backing from SCB 10X, the investment arm of the Siam Commercial Bank, Rakkar Digital employs security measures, compliance frameworks and operational agility.

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