Thailand’s SCB 10X pumps $10m in crypto custodian RakkaR's seed round

Thailand’s SCB 10X pumps $10m in crypto custodian RakkaR's seed round

Arhit Srumporn, CEO & founder, RakkaR

Thailand-based SCB 10X, the corporate venture capital arm of the SCBX Group, has pumped $10 million into the crypto custody platform RakkaR Digital in a seed funding round.

The fresh funding from SCB 10X—RakkaR Digital’s first financial backer—and its strategic partnership with peer Fireblocks will help the company expand its presence into Southeast Asia and Hong Kong, said CEO & founder Arhit Srumporn.

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