Rakkar Digital and OpenEden integrate for tokenised RWA solution
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Rakkar Digital and OpenEden integrate for tokenised RWA solution 15 November 2023Singapore Reporter: Lucy Carter
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Custody provider Rakkar Digital has partnered with OpenEden to further develop the digital asset landscape.
Through the collaboration, Rakkar Digital will integrate with OpenEden’s tokenised risk-weighted assets (RWA) vault. This will allow institutional clients of Rakkar Digital to access OpenEden’s RWA token, TBILL, facilitating yield opportunities and exposure to US Treasury bills.
As demand for tokenised RWA and third-party custodian services continues to grow, the firms aim to provide access to transparency and liquid asset mediums alongside the security of a bank-grade custodian during the institutional investing experience.
Arthit Sriumporn, founder and CEO of Rakkar Digital, says: "Our collaboration with OpenEden is a testament to Rakkar Digital's commitment to building a security-first approach to digital asset custody without compromising on accessibility and operational flexibility. This partnership will empower our institutional clients with custody and accessibility to yield opportunities on lower-risk tokenised financial products in a safe, transparent and compliant manner."
Eugene Ng, OpenEden co-founder, comments: "The partnership with Rakkar Digital provides a lower-risk access point for institutional investors, especially those who are familiar with traditional finance products, to enter the world of digital assets in a safe, transparent and frictionless manner.”
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