Circuit Partners with Rakkar Digital, Launching The Circuit Recovery Network

‍New York, 21 October 2024 – Circuit, a blockchain cybersecurity platform, is pleased to announce its partnership with Rakkar, a leading qualified digital asset custodian backed by SCB10X of Siam Commercial Bank. This partnership integrates Rakkar into the Circuit Recovery Network, offering Circuit clients the option to utilize Rakkar’s custodial services as a backup solution. Through this collaboration, Circuit clients can choose to securely recover assets into Rakkar custodial wallets using Circuit’s immediate, keyless recovery solution. ‍

‍This collaboration addresses a key challenge in the digital asset ecosystem—concentration risk. With many businesses reliant on a single custodian or technology provider, failure at these points can disrupt operations. By providing Rakkar as a backup option within Circuit’s Recovery Ecosystem, clients gain access to automated recovery pathways that ensure business continuity and asset protection should the primary custodian or technology provider fail. This strengthens the overall resilience of the digital asset ecosystem and provides peace of mind to clients. ‍

‍

Harry Donnelly, Co-founder & CEO of Circuit, states:

“We’re excited to partner with the Rakkar team, providing our clients with the option to leverage secure recovery wallets as part of the Circuit Recovery Ecosystem. This partnership reduces concentration risk, ensuring businesses can continue operating smoothly, even in worst case scenarios.”‍

‍

Arthit Sriumporn, founder and CEO of Rakkar adds:

“We are excited to partner with Circuit Protect to serve institutional clients with a reduction in concentration risk and an enhanced peace of mind, knowing that their assets are safeguarded by a qualified digital asset custodian in times of need.” ‍

‍

About Circuit

Circuit is a blockchain cybersecurity platform focused on safeguarding digital assets through automated disaster recovery and business continuity solutions. Circuit’s trustless operations eliminate the need for manual intervention, providing rapid protection and seamless recovery for digital assets. Circuit provides immediate keyless recovery solutions for digital assets. Its platform empowers businesses to recover their crypto assets without managing private keys, eliminating the need for trusted third parties and significantly reducing security risks.

To learn more, visit https://www.circuitsecurity.com/‍

‍

About Rakkar Digital

Rakkar stands as Asia's leading qualified digital asset custodian, offering unparalleled asset security to financial institutions. Fortified by our strategic backing from SCB 10X, the investment arm of the Siam Commercial Bank, Rakkar helms the industry’s leading bank-calibre security measures and compliance frameworks. Founded in 2022 and belting esteemed security excellence certifications such as ISO 27001, SOC 1 and SOC 2, Rakkar remains unwavering in its mission to offer the most secure, institutional-grade custodian services across Asia.‍

‍To learn more, visit Rakkar’s official website: https://www.rakkardigital.com/

‍

‍