Custody

Hex Safe is our bank-grade custody solution for digital assets, which provides a state-of-the-art security framework delivered in partnership with IBM, seamless integration with core banking systems and comprehensive insurance coverage.

Digital Asset Custody and Safekeeping of Assets - Bitcoin, Ethereum, Stablecoins

Safekeep Assets

Hex Safe has been designed with a multi-layered architecture to deliver the highest degree of security for the assets held in custody.

  • Secure Backup – upon request, all application data, including encrypted assets and in-flight transactions, are replicated in real-time to the backup datacenter.
  • Account Structure – Hex Safe offers extreme flexibility to create hierarchical structures of accounts and sub-accounts. All accounts and sub-accounts are completely segregated on chain and derived through different seeds to offer the highest degree of safety and third-party auditability.
  • Customizable User Roles – built with an institutional mindset to mesh with financial institutions processes and workflows. The platform allows six user roles to enable complete Segregation of Duties (SoD) and eliminate Single Points of Failure (SPoF) by distributing critical functions and responsibilities governing transactions processes across several functions/departments.
  • Wallet Policies – to further enhance security, policies can be created by an Administrator to limit the ability to transfer assets into or out of a custody wallet.

Customizable Multi-Wallet Configuration

Wallet ZeroKey Custody

ZeroKeyTM

Secured through distributed shared secrets with a m/n authorization scheme.

Access Time: Near-Instant

Security Features: m/n consensus algorithm with key sharding, and no keys stored on a server.

Wallet Cold Custody

Cold

Multi-authorization with offline cold storage.

Access Time: < 4 hours

Security Features: m/n consensus algorithm with key sharding, and keys kept in a secure vault.

Wallet Frozen Custody

Frozen

Highest level of security with remote cold storage, covered by Hex Trust's insurance policy.

Access Time: 24 hours

Security Features: m/n consensus algorithm with key sharding, and keys kept in separate vaults.

Digital Asset Custody of Bitcoin, Ethereum, Security Tokens, Stablecoins, USDT

Digital Assets Coverage

Support for over 100 coins and tokens from the top 10 blockchain protocols, in addition to security tokens built on Ethereum, Tezos and Corda.

Transferring Funds from ZeroKey™ Wallet

Initiate Withdrawal

Step: 1

Customer requests a withdrawal

Authorization

Step: 2

Transaction needs M of N Authorizations in Authy app

Authentification Yubikey

Step: 3

Transaction needs M of N Yubikey shares

Funds sent

Step: 4

Funds are sent

Transferring Funds from Cold & Frozen Wallets

Initiate Withdrawal

Step: 1

Customer requests a withdrawal

Authorization

Step: 2

Transaction needs M of N Authorizations in Authy app

Client Verification

Step: 3

Hex Trust performs an identity verification

transaction signed

Step: 4

Transaction is signed in air-gap environment

Funds sent

Step: 5

Funds are sent

Flexible Deployment Options

Full Custody

Clients seeking regulatory compliance can choose to have assets held by Hex Trust, a licensed custodian focused exclusively on digital assets.

Hex Trust acts as a trustee holding client assets and their corresponding private keys. All transactions initiated and authorized by clients are managed and executed by Hex Safe and Hex Trust operations teams.

The full wallet structure (Frozen, Cold and Warm) can be provided to clients and funds are covered by Hex Trust's comprehensive insurance policy.

Custody as a Service

Our CaaS solution allows clients to operate and retain full control of their assets without requiring a full on premise implementation and integration.

Hex Trust SaaS solution can also be provided on dedicated hardware and infrastructure, hosted at one of Hex Trust partner data centres.

An agile solution based on Hex Trust proprietary ZeroKey™ technology can also be provided to offer the highest level of security of cold wallets and the speed of hot wallets.

Enterprise Solution

Hex Trust enterprise solution offers the highest degree of flexibility to adapt to clients processes and organizational structures.

On-premises enterprise solution and infrastructure delivered on IBM LinuxONE platform.

The entire process is under complete control of the client and cannot be accessed by Hex Trust support staff unless authorised.

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Insured Custody

Comprehensive Crime Insurance

Hex Trust maintains commercial criminal insurance to further safekeep our client assets. The insurance coverage is arranged by Aon via a selection of international insurers.

Inclusions

The insurance is a proprietary Aon solution and covers theft of digital assets, via employee dishonesty or through third parties, held by Hex Trust on behalf of their clients.

Covering Cold & Frozen Wallets

Our insurance coverage covers our Cold and Frozen Wallet solutions.

Regulatory Compliance Analytics Tools

Temporary Account

Buffer accounts to receive funds. Funds are credited once cleared, otherwise rejected.

Proof of Ownership

Proprietary AML tools to prove ownership of funds received from specific wallets.

Origin of Funds

Integrated with best-in-class blockchain analytic providers. Flexibility to integrate with additional analytics providers based on client requirements.

Address Whitelisting

Static and dynamic address whitelisting to ensure transactions are only conducted with verified and compliant entities.

Risk Scoring

Customizable risk scoring to automate compliance processes and permit manual compliance procedures as required.

Access

Comprehensive user interface for compliance roles and API access.

Other Custody Services

trading markets custody

Markets

Trade execution, access liquidity and price discovery via our vast network of liquidity providers via OTC and exchanges.

transaction clearing settlement custody

Clearing & Settlement

Secure, straight-through, real-time and near risk-free clearing and settlement for digital asset transactions.

lending staking custody

Lending & Staking

Secure integration with lending and staking partners to generate additional returns on digital assets held in custody.