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Rakkar Digital Launches Custodian Services After Obtaining TSCP License in Hong Kong

Singapore-based company Rakkar Digital has launched its digital asset custodian services for institutional and enterprise clients across Southeast Asia and Hong Kong. The launch follows the company's recent acquisition of a Trust or Company Service Provider (TCSP) Licence in Hong Kong, which requires compliance with Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO) regulations.

The Rakkar Digital Asset Custodian is powered by Fireblocks' MPC-CMP direct custody technology and features robust security measures, including hardware isolation and multi-layer security. The company completed a $10 million seed funding investment in June 2022 by SCB 10X, the venture capital arm of Siam Commercial Bank.

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