The news comes after Chainalysis announced partnerships with leading Australian cryptocurrency businesses CoinSpot and CoinJar during August of last year.
Hex Trust Partners With Chainalysis To Provide A Compliance-Focused Custody Solution For Financial Institutions Date
14/05/2021
Hex Trust, the leading digital asset custodian for the banking sector, today announced its partnership with Chainalysis, the blockchain analysis company. Hex Trust will adopt Chainalysis KYT (Know Your Transaction), the compliance solution, for real-time transaction monitoring, and Chainalysis Reactor, the investigative tool, for enhanced due diligence. This collaboration will enable Hex Trust to add an additional layer to its already robust compliance features for its proprietary platform, Hex Safe™, providing financial institutions peace of mind for their digital asset transactions.
Over the last year, cryptocurrency has become a more mainstream asset class, with an inflow of institutional dollars driving Bitcoin and other cryptocurrencies to record prices. Forward-thinking banks are increasingly giving customers direct access to cryptocurr