The startup provides secure digital asset custody services utilizing multi-signature wallets and cold storage solutions to protect against unauthorized access and cyber threats. It enables enterprises and institutions to safely store and efficiently manage their digital assets and cryptocurrencies, ensuring compliance and reducing the risk of loss.
Funding
$10M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Institutions managing digital assets face significant challenges in securing their holdings against unauthorized access, internal collusion, and external cyber threats, while also maintaining operational efficiency and regulatory compliance. Traditional custody solutions often lack the agility and integrated utility required to maximize capital deployment across various blockchain networks and DeFi opportunities.
Solution
Rakkar provides licensed and insured digital asset custody solutions for institutions, leveraging multi-party computation (MPC-CMP) technology, hardware security modules (HSM), and fully segregated, bankruptcy-remote wallets to ensure the highest levels of security and compliance. The platform supports a wide range of digital assets across 40+ chains, enabling clients to deploy capital directly from custody into tokenized real-world assets (RWAs), staking, and DeFi protocols without compromising security. Rakkar's bank-grade governance controls, including customizable quorum policies and whitelisting, optimize treasury management and eliminate single points of failure. Clients benefit from 24/7 availability via mobile app and web console, along with auditable reporting and customizable exports for seamless reconciliation and proof of ownership.
Target Audience
Rakkar primarily serves asset managers, venture capital funds, crypto exchanges, and family offices seeking secure, compliant, and agile digital asset custody solutions with integrated utility for maximizing capital participation.
Features
- Ultra-secure MPC-CMP with HSM technology for cryptographic key management
- Fully segregated and bankruptcy-remote wallets
- Support for 1,000+ tokens across 40+ chains
- 24/7 availability and support on mobile app and web console
- Customizable governance controls, including quorum approval and whitelisting
- Seamless reporting and reconciliation with proof of assets, balances, and transaction exports
- Active insurance policies covering the full custodial lifecycle
- SOC 1, SOC 2, and ISO 27001 certifications
- Rapid transaction execution with a 24-hour signing SLA (measured on business days)