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
Hex Trust Announces Custodial Solutions for Non-Fungible Tokens (NFTs)
Mar 4 2021 · 08:45 UTC | Updated
Mar 4 2021 · 09:14 by Bhushan Akolkar · 3 min read
Photo: Unsplash
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Hex Trust is the first-ever platform to offer secure custodial services for NFTs. The decision comes amid NFTs gaining massive popularity transacting millions-of-dollars.
On Tuesday, March 3, digital asset custodian Hex Trust announced new crypto custodial solutions for securely storing non-fungible tokens (NFTs). Probably, this is for the first time that a crypto firm is offering custodial solutions for NFTs.
NFTs have gained massive popularity in recent times. These are basically blockchain-based cryptographic tokens that are not interchangeable. Each NFT is unique in its existence and can’t be duplicated. These digital tokens represent pieces of digital art, sports highlights, music, and much more.