RAK Financial Services is a savings platform that allows you to accumulate Bitcoin cryptoassets through a retrocession plan of inter-Bitcoin transaction fees produced by our mining farms that we operate. Our principal place of business is located in New York, USA. Our mining farms are based in Jabriya City, Kuwait, and operated by our local teams.

What we offer:

We offer the safest and most profitable Bitcoin savings plans on the cryptoasset market to individuals, businesses and institutions alike.
Thanks to a hybrid solution based on the operation of our mining farms and the purchase of opportunities on the CEX or DEX markets, our BTC5Y product offers a return of 7.68%^APY
However, we are not able to offer our services in all countries. To see the list of countries for which we cannot open accounts for their resident click here.

We abide by the established rules and are regulated by the New York State law, federal law of the United States of America and by the following institutions:
• The U.S. Office of the Comptroller of the Currency^(OCC)
• The U.S. Securities and Exchange Commission^(SEC)
• The U.S. Financial Industry Regulatory Authority ^(FinRA)
• The U.S. Office of Foreign Assets Control ^(OFAC)

What are we not:

RAK Financial Services or RAKFS or RAK or RAKFS LLC is not a currency issuer (banking service), nor a virtual currency issuer, nor a cryptoasset exchange platform (CEX or DEX), nor a trading service (stock exchange).
We do not operate in cryptoassets other than Bitcoin or in cryptoassets that are not on the SEC green-list.

Banking services (such as currency deposit accounts, financial collateral accounts or FIAT currency exchanges) are provided to us by:
• Thread Bank, Rogersville, TN, USA
• The Currency Cloud Limited, London, GB
• Community Federal Savings Bank, New York, NY, USA
• Visa Global Services Inc, New York, NY USA