Digital Asset Custody for Institutions: Validator Spotlight on Hex Trust
hashport is excited to announce Hex Trust as the next validator to be featured in our spotlight series. Hex Trust is a fully licensed institutional digital asset custodian. They have seen incredible growth recently; raising $88M during the Series B funding round co-led by Animoca Brands — one of the hashport validators.
Within the hashport ecosystem, Hex Trust contributes to the success of the network as a validator, running one of the 9 validating nodes alongside other industry-leading organisations Polygon, Animoca Brands, the HBAR Foundation, Calaxy, Worldpay by FIS, MakerDAO, BCW, and LimeChain. Hex Trust represents the security and custodial sector of the DLT industry within our validator swarm. In architecting hashport, great care was taken to ensure that a diverse group of industry-leading organisations was gathered in order to create a high level of functional trust in the platform.
As the blockchain-DLT industry continues to grow at an incredible pace with record numbers in nearly every important category; especially Total Value Locked, the security and custody of digital assets is one of the most foundational pillars to its success. Through Hex Trust’s main platform, Hex Safe, financial institutions and organisations can safeguard their investments, participate in DeFi, and integrate digital assets into their business operations using institutional-grade infrastructure.
From late May to June, hashport and Hex Trust will collaborate on an exclusive video with Alessio Quaglini and, through Q&A segments, give each respective community the opportunity to engage on how NFT custody and DLT interoperability contribute to the growth of Web 3.0.
About Hex Trust:
Hex Trust is the leading fully-licensed, SOC2 compliant, and insured provider of institutional-grade digital asset custody in Asia. Led by veteran banking technologists and award-winning financial services experts, Hex Trust has built Hex Safe™, a proprietary bank-grade platform that delivers custody, DeFi, brokerage, and financing solutions for financial institutions, digital asset organizations, corporations and private clients. Hex Trust has offices in Hong Kong, Singapore, and Vietnam and is expanding across Europe and the Middle East.
hashport is the enterprise-grade public utility that facilitates the movement of digital assets between distributed networks, extending their functionality in a quick, secure, and cost-effective way. In order to remain platform-neutral, hashport functions without the use of a proprietary token. The network is built on a robust and performant architecture, secured and operated by a group of industry-leading validator partners from around the world. hashport has passed a rigorous security audit and follows industry best practices; regularly performing comprehensive network tests to ensure the integrity of the network.