Rakkar Digital joins Ondo Ecosystem 30 January 2024Singapore Reporter: Lucy Carter
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Digital asset custodian Rakkar Digital has become the first APAC custodian partner to join Ondo Finance’s collaborative network.
Through the partnership, the companies seek to drive the adoption of tokenised real-world assets across APAC.
The Ondo Ecosystem, from financial infrastructure on-chain solutions provider Ondo Finance, aims to bring institutional-grade financial products and services to a broader audience. Network partners include Blackrock, J.P. Morgan and Ethereum.
Rakkar Digital is able to support all institutional-grade tokenised cash-equivalents in the network, using multi-party computation technology and a proprietary governance engine to protect against cyber threats, internal risks and human error.
Nathan Allman, founder and CEO of Ondo Finance, says: “This partnership expands the Ondo Ecosystem and offers Ondo token holders an additional secure, transparent, and efficient financial solution for custody and beyond.”
Arthit Sriumporn, founder and CEO of Rakkar Digital, comments: "Joining forces with Ondo Finance is a testament to our commitment to security, compliance, and innovation.
“Together, we are setting new standards for digital asset custody and management, empowering institutions and enterprises to navigate the digital asset landscape with confidence and trust."
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