Digital Assets: Hex Trust Integrates Custody Services With R3’s Corda Blockchain

April 7, 2020 | Digital Assets

Hong Kong-based Hex Trust is pushing the envelope with technological innovation.

Hex Trust provides secure, enterprise-grade and compliant custody solutions for digital assets to institutions. It announced April 1 the integration of its custody solution with R3’s Corda enterprise blockchain.

Institutions can, therefore, entrust any digital assets originated on the Corda platform to the custodian’s blockchain platform. (LedgerInsights)

Hex is the first licensed crypto-asset custodian in Hong Kong to integrate its services with R3’s Corda platform. “A lot of the new demand coming is for Corda-based tokens or other similar blockchain-based protocols,” CEO Alessio Quaglini said.

R3 will make the firm’s custody solution available to its network of business partners.

Asian banks now have another option

R3 clients can, therefore, take advantage of Hex Trust’s custody solutions while Hex Trust clients can take advantage of the Corda blockchain. The latter now becomes another custody provider for R3, in addition to ten others that R3 works with globally.

Any Asian banks looking to issue R3’s Corda-based security tokens can, therefore, access custody issues with Hex Trust.

Though Hex Trust’s custody solutions support mainly cryptocurrencies, this will enhance following the integration with R3. The firm supports digital assets such as Bitcoin, EOS, Bitcoin Cash, Ripple, Z-Cash, Stellar, Ethereum, and ERC-20 tokens as well as several others.

Hex Trust: Seamless access to the best public and private blockchains

“Corda has proven to meet the security, scalability, and support of highly-regulated organizations with complex requirements so we’re delighted to be able to offer support for their digital assets,” said Quaglini. “Our mission is to connect our clients and provide them with seamless access to the best public and private blockchains.”

“As digital assets come increasingly to the fore, we are proud to see our blockchain technology touch all stages of the custody process,” said Cathy Minter, CRO at R3. “Corda’s unique scalability and security attributes make it ideally suited to heavily regulated environments and we wanted a custodian that operated with those same features.”

Related Story:  Digital Assets: solarisBank to Provide Custody Services Through New Subsidiary                                                 

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News
Digital Assets: Ledger, Maker Of Crypto Security Hardware, Raises Nearly All Of $100M Series C Round
March 31, 2023     Digital Assets, News, Venture Capital

Paris-based startup Ledger, which makes hardware wallets for cryptocurrency investors, has raised €100m ($109m) in funding, valuing the company at €1.3bn. The round was led by investors including Digital Finance…
FinTech: Cogo And Eliq Partner To Help Banking Customers Enhance The Energy Efficiency Of Their Homes
March 31, 2023     ESG and Sustainability, FinTech, News

Cogo, a fintech which collaborates with banks to assist customers in decreasing their carbon footprint as a carbon footprint management firm, is partnering with Eliq, a company that specializes in…
Venture Capital: The LSP Dementia Fund Closes €260M (US$283M) To Address Dementia, One Of The Most Significant Health Crises Of Our Era
March 31, 2023     Latest News, News, Venture Capital

The LSP Dementia Fund has reached a final close at €260 million (US$ 283 million), surpassing its initial target of €100 million. The fund, which is managed by EQT Life…
Artificial Intelligence: The DAGGER AI Model Gives Advance Warning Of Dangerous Solar Storms
March 31, 2023     Artificial Intelligence, News

Researchers have developed an AI-based model that combines satellite data and machine learning to predict where an impending solar storm will strike on Earth, offering 30 minutes of advance warning….