Singapore, 12 January 2026 – Cobo, a leading global provider of digital asset wallet infrastructure and custody services, confirms it is actively engaging with institutional digital asset businesses in Thailand following the announced closure of local custodian Rakkar Digital in early 2026.

As Thailand’s digital asset market continues to evolve within an increasingly defined regulatory framework under the oversight of the Securities and Exchange Commission of Thailand (SEC), long term custody resilience has become a critical consideration for exchanges, brokers, asset managers, and fintech platforms. Cobo is engaging with institutions impacted by the closure to support custody transitions and provide a stable, compliant alternative designed for long-term operation.

Headquartered in Singapore, Cobo serves institutional clients globally and has built a strong presence across Asia. Its enterprise custodial wallet infrastructure is designed to meet institutional requirements for security, asset segregation, governance, and operational control, while supporting a wide range of digital assets and use cases. Cobo’s custody platform includes custodial wallet solutions where private key management is handled on behalf of clients, and custody operations integrate layered security safeguards and governance tools. In addition, Cobo offers Multi-Party Computation (MPC) wallet technology that distributes cryptographic key shares in a way that eliminates single points of failure and enables flexible transaction authorization policies suited to institutional governance practices. These infrastructure elements are commonly assessed by institutions as part of their operational and compliance reviews when selecting a digital asset custody partner.

Cobo already works with multiple Thai digital asset institutions, including Orbix, a trusted and leading digital asset exchange in Thailand, and continues to invest in partnerships and infrastructure that support Thailand’s digital asset ecosystem. These collaborations reflect Cobo’s long-term commitment to the market and its readiness to support institutions navigating regulatory and operational change.

“Institutional custody decisions are ultimately about durable technology supported by strong governance, operational discipline, and long term commitment,” said Lucas Yang, Head of Sales and Solutions at Cobo.. “As Thailand’s digital asset market continues to evolve, we are engaging with institutions to support stable digital asset custody arrangements that can meet both current expectations and future growth.”

With a global client base and a track record of supporting institutional digital asset operations through multiple market cycles, Cobo aims to play a constructive role in strengthening custody standards and confidence across Thailand’s digital asset industry. Cobo welcomes dialogue with institutions evaluating their digital asset custody strategy in the current market environment.

About CoboCobo is a trusted leader in digital asset custody and wallet infrastructure, providing an all-in-one platform for organizations and developers to easily build, automate, and scale their digital asset businesses securely.

Founded in 2017 by blockchain pioneers and headquartered in Singapore, Cobo is trusted by more than 500 leading digital asset businesses globally, safeguarding billions of dollars in assets. Today, Cobo offers the industry’s only unified wallet platform that integrates all four digital asset wallet technologies – Custodial Wallets, MPC Wallets, Smart Contract Wallets, and Exchange Wallets. Committed to the highest security standards and regulatory compliance, Cobo has a zero-incident track record and holds ISO 27001, SOC2 (Type 1 and Type 2) certifications.

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