RakkaR Digital offers institutional custody and Web3 asset management, including integration with the Fireblocks platform to give institutions a secure location to store and manage assets. The company employs MPC technology to split, encrypt and distribute private-key shares and other authentication elements across stakeholders, reducing single-point-of-failure risk. Institutional clients named in the article include ANZ, BNP Paribas, BlockFi, and Nexo. Arhit Srumporn founded RakkaR in Singapore this year after holding management roles at Techcombank and Siam Commercial Bank. RakkaR says it will use new capital to expand its operations in Hong Kong and across Southeast Asia. The company recently received a $10 million investment from SCB 10X to support that expansion.

Total raised

$10M

Funding rounds

1

Latest round

Seed

Latest activity

Oct 2022