fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home Blockchain

SCB 10X invests $10m in digital asset platform RakkaR Digital

Team AsiaTechDaily by Team AsiaTechDaily
31 October 2022
in Blockchain
0
SCB 10X
34
SHARES
Share on FacebookShare on Twitter
Bookmark (0)

Please login to bookmark

No account yet? Register

SCB 10X, the venture investment arm of SCBX group, announced that it has invested $10 million in RakkaR Digital, an institutional-grade digital asset custody platform for institutions powered by Fireblocks.

RakkaR Digital provides institutions in Southeast Asia and Hong Kong with a highly secure custody solution that leverages MPC private key protection.

Customers can use RakkaR to store and manage digital assets with ease while seamlessly participating in Decentralized Finance, NFT marketplaces and other Web3-related activities.

RakkaR Digital will be among the few SEA-focused digital asset custodians that will enable institutional customers to participate in yield generation and DeFi services.

With RakkaR Digital, enterprises will be able to access innovative new technologies to power their custodial and other web3 needs, including security, efficiency, and scalability.

With Fireblocks technology underlying its subcustody solutions, RakkaR Digital will become a fundamental driver in the adoption of web3 technology among new and traditional financial institutions.

“We are very grateful for this investment and strategic partnership,” said Arthit Sriumporn, CEO & Founder of RakkaR Digital. “This investment from SCB 10X and strategic partnership with Fireblocks will help us expand our business in Southeast Asia and Hong Kong.

“Southeast Asian markets have some of the highest digital asset and crypto adoption rates in the world, especially in areas such as DeFi, GameFi and Web3. Fireblocks is proud to power and secure the RakkaR Digital platform to serve this fast-growing segment with secure MPC custodial technology and a broad platform for users to engage with and trade digital assets in the region and beyond,” said Michael Shaulov, CEO and Co-founder of Fireblocks.

SCB 10X uses its investments to pursue a “moonshot mission” to achieve exponential growth through innovation and investment, focusing on disruptive technology, digital assets, blockchain, the Metaverse, and Web3.

The group also recruits passionate and driven entrepreneurs to create great startups at the forefront of technology to be part of their journey.

Previous Post

Restaurant management startup Runchise scores Seed funding

Next Post

HK’s theDesk partners with office software platform Kumospace

Related Posts

edit post
DigiFT
Blockchain

Digital asset exchange DigiFT scores $10.5m in Shanda-led funding

February 28, 2023
edit post
MYEG
Blockchain

Blockchain Founders Fund makes final close of $75m venture fund

February 28, 2023
edit post
MYEG
Blockchain

China partners with Malaysia for Xinghuo-Zetrix blockchain research

February 20, 2023
edit post
ZIpmex
Blockchain

Zipmex warns of looming economic recession, predicts crypto rebound in 2025

January 31, 2023
edit post
Bynder
Blockchain

Bynder receives majority investment from Thomas H. Lee Partners to continue product innovation

January 3, 2023
edit post
TradeDog
Blockchain

Dubai-based TD VC launches $100m Web3 ‘special situation’ fund

January 1, 2023
Next Post
edit post
theDesk

HK’s theDesk partners with office software platform Kumospace

Discussion about this post

No Result
View All Result

Follow Us

FREE NEWSLETTER




Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback