Hex Trust, the institutional gateway to DeFi and Digital Assets, has partnered with Aave, an open-source and non-custodial liquidity protocol for earning interest on deposits and borrowing digital assets.
Hex Trust has integrated Aave, stkAAVE, and aTokens into its institutional-grade custody platform, Hex Safe. The integration enables institutional investors to safely and securely hold the tokens in Hex Trust’s fully licensed and insured platform with the highest levels of security available in the market. Hex Trust is also integrating the Aave Protocol within its new DeFi module which enables institutional clients to lend and borrow a range of digital assets directly from within Hex Safe.
Hex Safe allows banks, financial institutions, asset managers, and exchanges to safely, securely, and efficiently operate in the digital asset ecosystem. Through Hex Safe, clients can safekeep assets while seamlessly accessing liquidity providers, exchanges, and lending & staking platforms in a fully compliant manner. Hex Trust has a range of institutional clients in Asia and Europe and has a fully licensed approach and presence in Hong Kong, Singapore, and Germany.
The Aave Protocol is a liquidity protocol that is community-governed and does not involve a centralised institution or financial intermediary. Depositors can deposit digital assets to a liquidity pool and start earning interest on them while they are loaned out to borrowers. Interest rates for depositors are adjusted based on the liquidity supply and borrowing demand. By not relying on financial intermediaries or middlemen, Aave negates traditional financial inefficiencies and can therefore offer historically higher returns for market participants than a typical financial intermediary with legacy infrastructure and manual processes. Aave has been one of the fastest-growing DeFi protocols globally and has attracted considerable attention from crypto natives as well as financial institutions looking at how DeFi can revolutionise financial infrastructure.
“The DeFi ecosystem is unlocking liquidity and allowing retail users and financial institutions alike to utilise capital more effectively through DeFi’s transparent, interoperable, and cost-effective solutions. Hex Trust plays an important role in enabling institutional access to DeFi’s suite of financial tools and services in a secure and compliant way. We look forward to exploring further synergies with Hex Trust to onboard more institutions to DeFi.” — Stani Kulechov, CEO of Aave
“The rise of DeFi in 2020 is just the beginning of a paradigm shift in the current financial order. We are excited to partner with Aave who’s leading the way for this revolution, by enabling institutional access to the ecosystem directly via our bank-grade custody platform.” — Calvin Shen, Head of Sales & Business Development of Hex Trust
Aave is a decentralised, open-source, and non-custodial liquidity protocol on Ethereum. Depositors earn interest by providing liquidity to lending pools, while borrowers can obtain loans by tapping into these pools with variable and stable interest rate options. Aave Protocol is unique in that it tokenizes deposits as aTokens, which accrue interest in real-time. It also features access to Flash Loans and Credit Delegation as uncollateralized loan options.
Hex Trust is fully licensed, insured, and the leading provider of institutional-grade custody for digital assets. Led by financial services experts and veteran banking technologists, Hex Trust has built a proprietary platform — Hex Safe — that delivers an infrastructure custody solution for banks, financial institutions, asset managers, and exchanges to safely, securely, and efficiently operate in the digital asset ecosystem.
Through the platform, clients can access liquidity providers, exchanges and lending & staking platforms, which allows seamless access to third-party services while assets are held assets in our highly secure and regulated platform. The Hex Safe platform has been designed with a comprehensive compliance-first approach, the highest level of security available in the market, and is scalable for high transaction volumes. ZeroKey, a proprietary technology, enables seamless transacting and fast access to assets stored on multiple blockchains while maintaining the highest levels of security of cold storage solutions.
Head of Marketing
Head of Marketing