Hong Kong-based digital asset custodian Hex Trust has integrated enterprise-grade public blockchain network Hedera Hashgraph into its Hex Safe custody platform, the company announced today.
- With the integration, Hex Trust’s Hex Safe custody platform will support HBAR — the Hedera network’s native cryptocurrency — and tokens issued using the Hedera Token Service (HTS), which allows users to issue digital tokens for any asset on Hedera’s network.
- Alessio Quaglini, CEO and co-founder of Hex Trust, said the collaboration will provide banks, financial institutions and institutional investors a secure and compliant way to integrate HTS-based tokens into their digital assets operations.
- Hex Trust also announced it had been appointed as a strategic custodian of TOKO, a digital asset tokenization engine launched by global law firm DLA Piper, a Hedera Governing Council member. TOKO aims to provide the compliance and regulatory expertise of the law firm to distributed ledger technology and digital assets.
- “The integration of the HEX Trust custody solution with TOKO is a key milestone in the development of the digital asset ecosystem,” said Scott Thiel, technology partner at DLA Piper and the leading lawyer for TOKO. “Following on from successful TOKO projects using HTS, this custodial integration will allow us to deliver more complex projects and to support asset-backed token issuances using either regulated or unregulated tokens and legal structures.”