{"id":85555,"date":"2024-07-30T02:29:45","date_gmt":"2024-07-30T06:29:45","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=85555"},"modified":"2024-07-30T02:30:19","modified_gmt":"2024-07-30T06:30:19","slug":"gemini-partners-with-rakkar-to-boost-asset","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/gemini-partners-with-rakkar-to-boost-asset\/","title":{"rendered":"Gemini Partners with Rakkar to Boost Institutional Digital Asset Adoption in Asia"},"content":{"rendered":"\n

Gemini and Rakkar partner to boost institutional digital asset<\/a> adoption in Asia, offering enhanced liquidity and competitive pricing.<\/p>\n\n\n\n

\"Gemini
Gemini Partners with Rakkar to Boost Institutional Digital Asset Adoption in Asia<\/figcaption><\/figure>\n\n\n\n

Gemini, a cryptocurrency exchange, and Rakkar, a digital asset custodian, are collaborating to promote the adoption of digital assets in Asia.<\/p>\n\n\n\n

According to an announcement made on Tuesday, Gemini<\/a> will provide its trading capabilities to Rakkar's clients, resulting in competitive pricing and improved liquidity.<\/p>\n\n\n\n

The firms intend to equip institutional investors with the necessary tools and confidence to navigate the landscape and promote the adoption of digital assets in Asia through their partnership.<\/p>\n\n\n\n

Our alliance with Gemini will not only enhance the security and reliability that financial institutions seek. It will also empower our institutional clients with greater market accessibility and opportunities as they navigate through the evolving realm of digital assets,\u201d said\u00a0Arthit Sriumporn, CEO and founder at Rakkar, said in the announcement.<\/p>\n\n\n\n

Saad Ahmed, the president of APAC at Gemini, stated that the company's primary objective has always been to guarantee a “secure and robust crypto ecosystem<\/a> for our institutional clients.” He also stated that the partnership with Rakkar will enable Gemini to further these endeavors.<\/p>\n\n\n\n

Rakkar, Asia's largest digital asset custodian, also established a strategic partnership with DigiFT last month.<\/p>\n\n\n\n

“By collaborating with a regulated RWA exchange like DigiFT, we pave the way for institutions to achieve a more capital-efficient future,\u201d Sriumporn said.<\/p>\n\n\n\n

Earlier this year, Rakkar was the first custodian partner in APAC for Ondo Finance's ecosystem.<\/p>\n\n\n\n

The objective of the partnership was to improve institutional-grade digital asset management and custody solutions.<\/p>\n\n\n\n

In the wake of Genesis's bankruptcy\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, Gemini has been occupied with distributing $2.18 billion in digital assets to 232,000 Gemini Earn users.<\/p>\n\n\n\n

The figure illustrates a 242% return on assets that have been frozen since January 2023. Those who lent 1 Bitcoin (BTC) to Genesis will receive 1 BTC back, thereby benefiting from the recent price increase of BTC.<\/p>\n","protected":false},"excerpt":{"rendered":"

Gemini and Rakkar partner to boost institutional digital asset adoption in Asia, offering enhanced liquidity and competitive pricing. Gemini, a cryptocurrency exchange, and Rakkar, a digital asset custodian, are collaborating to promote the adoption of digital assets in Asia. According to an announcement made on Tuesday, Gemini will provide its trading capabilities to Rakkar’s clients, […]<\/p>\n","protected":false},"author":36,"featured_media":85556,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[1058,1276,20975],"class_list":["post-85555","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-digital-asset","tag-gemini","tag-rakkar"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/07\/gemini-crypto-ninjas-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/85555","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=85555"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/85555\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/85556"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=85555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=85555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=85555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}