Home Crypto Hex Trust Partners with Chainalysis to Provide a Compliance-focused Custody Solution for...

Hex Trust Partners with Chainalysis to Provide a Compliance-focused Custody Solution for Financial Institutions

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HONG KONG – MAY 13 2021 – Hex Trust, the main digital asset custodian for the banking sector, at this time introduced its partnership with Chainalysis, the blockchain evaluation firm. Hex Trust will undertake Chainalysis KYT (Know Your Transaction), the compliance resolution, for realtime transaction monitoring, and Chainalysis Reactor, the investigative software, for enhanced due diligence. This collaboration will allow Hex Trust to add an extra layer to its already sturdy compliance options for its proprietary platform, Hex Safe™, offering monetary establishments peace of thoughts for their digital asset transactions.

Over the final 12 months, cryptocurrency has turn into a extra mainstream asset class, with an influx of institutional {dollars} driving Bitcoin and different cryptocurrencies to report costs. Forward-thinking banks are more and more giving prospects direct entry to cryptocurrency by partnering with custodian providers to maintain cryptocurrency on their behalf. This permits them to take a look at the brand new providing with fewer sources invested, whereas additionally drawing on exterior cryptocurrency experience to improve their probabilities of success.

“Cryptocurrency and blockchain know-how is on the forefront of innovation within the monetary providers business, and conventional monetary establishments that embrace the change are doubtless to come out on high,” stated Alessio Quaglini, CEO & Co-Founder of Hex Trust. “Our partnership with Chainalysis is one other testomony to Hex Trust’s dedication to offering our purchasers with probably the most safe custody resolution with a complete compliance-first strategy accessible available in the market at this time.”

“Chainalysis is thrilled to accomplice with such a trusted title in digital asset custody,” stated Ulisse Dellorto, Managing Director of APAC for Chainalysis. “With monetary establishments more and more wanting to spend money on cryptocurrency, that is the optimum time for trusted companions like Hex Trust to spend money on their compliance know-how.”

Hex Trust is Asia’s main asset custodian, offering the business’s most complete custody resolution with enterprise-grade safety and options, reminiscent of digital asset servicing. With providers reminiscent of commerce execution, entry liquidity and worth discovery, the corporate’s platform allows buyers to work together with digital property confidently. Hex Trust has one of many business’s broadest digital asset assist together with cryptocurrencies, safety tokens and NFTs. Hex Trust adopts a absolutely licensed strategy and has a vary of banking sector purchasers throughout Asia and Europe.

Chainalysis just lately closed its Series D funding, elevating $100 million with a greater than $2 billion valuation. Chainalysis serves as a strategic accomplice to monetary establishments, governments, and cryptocurrency companies world wide, offering knowledge, software program, and experience on subtle cryptocurrency crime and cash laundering techniques, methods, and procedures.

To study extra about Hex Trust, go to https://hextrust.com/

To study extra about Chainalysis, go to https://chainalysis.com/

ABOUT HEX TRUST

Hex Trust is the main digital asset custodian for the banking sector. Headquartered in Asia, Hex Trust is led by veteran banking technologists and award-winning monetary providers specialists. Hex Trust’s proprietary bank-grade platform – Hex Safe™ – delivers the market’s main digital asset custody resolution for banks, monetary establishments, asset managers, exchanges, and companies.

Through Hex Safe™, purchasers can entry liquidity, exchanges, lending, borrowing, and staking platforms whereas property are held in our compliance-focused platform with the very best safety accessible available in the market. Hex Trust has places of work in Hong Kong and Singapore and is increasing to the European market throughout 2021. Hex Trust is a registered Trust Company underneath the Hong Kong Trust Ordinance and holds a Trust or Company Service Provider (TCSP) license underneath the Anti-Money Laundering and Counter-Terrorist Financing Ordinance.

ABOUT CHAINALYSIS

Chainalysis is the blockchain evaluation firm. We present knowledge, software, providers, and analysis to authorities businesses, exchanges, monetary establishments, and insurance coverage and cybersecurity corporations in over 60 international locations. Our knowledge platform powers investigation, compliance, and threat administration instruments which were used to remedy a number of the world’s most high-profile cyber legal circumstances and develop client entry to cryptocurrency safely. Backed by Accel, Addition, Benchmark, Paradigm, Ribbit, and different main names in enterprise capital, Chainalysis builds belief in blockchains to promote extra monetary freedom with much less threat. For extra info, go to www.chainalysis.com.

MEDIA CONTACTS

PINK TIGER MEDIA FOR HEX TRUST

Victoria Baillie

Aimee Hillman

victoria.bailie@pinktigermedia.com

aimee.hillman@pinktigermedia.com

HEX TRUST

Sam Ameen

sam.ameen@hextrust.com

CHAINALYSIS

Maddie Kennedy

media@chainalysis.com

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