Buckle up, because October has been a whirlwind of innovation and progress at Hex Trust! The crypto market noted a comeback as October emerged as the turning point for many digital assets, fuelled in part by anticipation for the 2024 presidential election. Through it all, Hex Trust remained committed to delivering the most secure and cutting-edge digital asset solutions for our institutional clients.
We demonstrated our leadership in the Bitcoin Layer 2 ecosystem with new partnership announcements, including our collaboration with Babylon Labs and the Stacks Asia Foundation. As well as other notable partnerships with Ozean and Neutron.
October was a month filled with events and a diverse range of panel discussions. In Dubai, Calvin Shen, our Chief Commercial Officer, spoke at The TON Gateway Conference, honing in on BTC in Telegram, alongside experts from BTC Teleport, FBTC and Stacks. During Hong Kong Fintech Week, Alessio Quaglini, Giorgia Pellizzari and Edward Zhao joined our partners and industry experts to opine on advances in blockchain technology, stablecoin issuance, custody, regulation and the future of staking.
Our ETH staking experience was streamlined and enhanced, providing a user-friendly interface, direct reward delivery, and dedicated validator nodes.
The team is excited to continue pushing boundaries, maintaining a pivotal role in industry dialogue and shaping the future of digital assets. Let’s dive into our key achievements in October.
Bitcoin staking is now live at Hex Trust. In October, we partnered with Babylon Labs to offer a full suite of custody, trading, and staking services for Bitcoin. This integration will allow Hex Trust's institutional clients to stake their Bitcoin directly on the Bitcoin blockchain, earning rewards while enhancing the security of Proof-of-Stake networks.
“Supporting Babylon and the growing Bitcoin ecosystem represents an enormous opportunity for Hex Trust and our clients. Unlocking the value of Bitcoin through staking, and ultimately through DeFi, is a huge milestone for the industry and means new utility for Bitcoin holders.” - Calvin Shen, Chief Commercial Officer, Hex Trust.
Full announcement here.
Hex Trust supported Clearpool in the launch of Ozean — the blockchain for Real-World Asset (RWA) yield, backed and supported by Optimism. This partnership combines Hex Trust’s industry-leading technology and services, top-tier institutional client base, and regulated infrastructure with Clearpool’s RWA lending expertise to position Ozean as the premier blockchain to unlock the power of DeFi for RWAs.
“With the backing of Hex Trust’s deep experience, $5 billion in assets under custody, wide range of digital asset services, and 270+ institutional clients, Hex Trust will take Ozean to the next level to unlock this trillion-dollar market opportunity,” - Alessio Quaglini, CEO & Co-founder, Hex Trust.
Full announcement here.
Featured in: CoinDesk | Crypto.News | Blockchain Reporter
In partnership with the Stacks Asia Foundation, Hex Trust has integrated the Stacks layer and its associated assets onto our institutional-grade custody platform. Hex Trust will now offer Stacks staking services and facilitate on-ramps to Stacks’ DeFi applications. By supporting SIP-010, Hex Trust will also enable the easy transfer and tracking of fungible tokens on the Stacks blockchain.
“Our partnership with the Stacks Asia Foundation is a strategic move to enhance the financial utility of Bitcoin for our institutional clients. We’re excited to support Stacks and provide a vital pathway for the protocol to expand further in the world's most transformative markets.” - Calvin Shen, Chief Commercial Officer, Hex Trust.
Full announcement here.
Featured in: Cointelegraph
Neutron, a cross-chain smart contract platform built on the Cosmos SDK, has integrated with Hex Trust, enabling developers to build interoperable applications across 50+ interconnected blockchains. Our support will provide secure and reliable infrastructure for Neutron ecosystem users, helping them to build and scale innovative applications and expand into key markets.
“The integration with Neutron represents a significant advancement in Hex Trust’s commitment to the Cosmos ecosystem. This partnership not only broadens our service offerings but also equips Neutron ecosystem users with reliable and secure infrastructure.” - Giorgia Pellizzari, Head of Custody at Hex Trust.
Learn more here.
Giorgia Pellizzari, Hex Trust’s Head of Custody, honed in on the recent market turbulence surrounding TrustUSD (TUSD) and TruFi, and how it highlighted the imperative for greater transparency, regulation, and oversight in the stablecoin market.
Read Giorgia's full insights and key takeaways here.
Calvin Shen, Hex Trust’s CCO, was invited to speak at TON’s annual conference, The Gateway, in Dubai. Calvin joined the "BTC in Telegram" panel to share his insight on the intersection of TON, Bitcoin, BTC Teleport, yield opportunities, and BTCFi potential.
Watch Calvin’s panel here.
Hosted by the Hong Kong Monetary Authority and Invest Hong Kong, Hong Kong FinTech Week welcomed 35,000+ fintech professionals to the City. During the week, Hex Trust co-hosted two exclusive side events. Alongside Stacks and Clearpool, “Fintech Fright Night’s” rooftop gathering convened 360 builders and investors. Our Stake and Steak Lunch, co-hosted with Figment, brought together 34 industry leaders for discussions about the future of staking. Our team also shared their insight at various panels throughout Hong Kong Fintech Week, as detailed below.
Edward Zhao, Head of Markets at Hex Trust, spoke at an exclusive seminar hosted by Enfusion and Talos. Panelists explored the evolving landscape of digital asset trading and provided valuable insights for investment managers looking to diversify their portfolios.
Key topics discussed included:
Giorgia Pellizzari, Hex Trust’s Head of Custody, joined the "Custody Solutions for the Enterprise" panel at Ripple's Hong Kong Policy Summit. Panelists discussed:
Alessio Quaglini, Hex Trust’s CEO and Co-founder, spoke at Chainlink SmartCon on "Mobilizing Collateral Through Tokenization." Panelists explored:
At the Post-Quantum Blockchain Day 2024, Giorgia Pellizzari discussed stablecoin issuance and its implications for global finance. Key takeaways included the need for clear regulatory frameworks, like MiCA, to support stablecoin growth while minimizing regulatory arbitrage. The speakers emphasized stablecoins' potential to revolutionize cross-border transactions and enhance financial inclusion.
Hosted at our Hong Kong office, Giorgia Pellizzari led a Masterclass on digital asset custody for the Web3 Women group. The workshop dived into custody and security, the differences between Single Signature Security (SSS) and Multi-Party Computation (MPC), and the differing custody models.
Through several key improvements, Hex Trust has streamlined and enhanced our ETH staking experience:
For more information on how to stake ETH, learn more here.
In October, Hex Trust expanded blockchain and digital asset support, along with new names for Hex Safe :
New Infrastructure
New Chain Support
New Asset Support
New Stakable Assets
For a complete list of all supported blockchains and tokens on Hex Safe, you can refer to our knowledge base.
Important Update: New Names for Hex Safe and Hex Admin
To enhance clarity and improve client’s experience, we have made the following name changes:
This renaming aligns with the nature of our wallets infrastructure, as the private keys of both Safe and Safe Plus are generated, securely stored and used to sign transactions in a fully air-gapped and offline environment, effectively acting like Vaults.
For further information and assistance, contact our support team at support@hextrust.com.
Our work continues and we look forward to bringing you more updates in November.
— The Hex Trust Team
