Hex Trust Announces Completion of SOC 2 Certification, Underpinning Commitment to Data Security and Compliance

Hex Trust Announces Completion of SOC 2 Certification, Underpinning Commitment to Data Security and Compliance

March 9, 2022

Hex Trust, Asia’s leading digital asset custodian, today announced that it has completed their SOC 2® - SOC for Service Organizations: Trust Services Criteria assessment conducted by Deloitte. As a widely recognized auditing standard developed by the American Institute of Certified Public Accounts (AICPA), SOC 2 compliance affirms that Hex Trust’s information security practices, policies, procedures, and operations meet the rigorous standards for security, availability, processing integrity, confidentiality, and privacy.

“Earning the SOC 2 certification reflects our commitment to our customer’s security and privacy, in line with our mission to be the world’s most trusted infrastructure provider in the digital assets ecosystem. We will continue investing in our core technologies and processes, prioritizing security and regulatory compliance as the core components of our products and services.” - Alessio Quaglini, CEO of Hex Trust

This independent validation of organizational controls is crucial in highly regulated industries like the financial services sector. Hex Trust’s SOC 2 report assures that critical service commitments and system requirements are institutional-grade to provide the highest degree of security and confidentiality. 

“The SOC-2 attestation demonstrates that Hex Trust is committed to protecting our clients and their assets. The independent assessment demonstrates to the industry that our platforms are built with integrity, trust and accountability by design.” - Shane Read, CISO of Hex Trust

The SOC 2 certification further strengthens Hex Trust’s position as the institutional gateway to digital assets, enabling financial institutions and corporations to seamlessly integrate digital assets into their business operations in a highly secure, scalable and compliant manner.

In February 2022, Hex Trust obtained the Cloud Security Alliance (CSA) STAR Level 1 Certification which means the organization is officially a Trusted Cloud Provider that demonstrates a commitment to achieve cloud security competency, and a commitment to the industry at large. 

Additionally, Hex Trust holds a Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS) allowing the company to provide custodial services regulated under Singapore’s Securities and Futures Act. In Hong Kong, the digital asset custodian is registered as a Trust Company under the Hong Kong Trust Ordinance and holds a Trust or Company Service Provider (TCSP) license under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance.

Hex Trust remains at the forefront of digital asset custody innovation, which extends into the metaverse as part of its increased licensed custody services for NFTs and a recently announced JV with Animoca Brands to provide institutional-grade wallet solutions for the GameFi economy. 

About Hex Trust

Hex Trust is the leading fully-licensed and insured provider of bank-grade custody for digital assets in Asia. Led by veteran banking technologists and award-winning financial services experts, Hex Trust has built Hex Safe, a proprietary bank-grade platform that delivers custody, DeFi, brokerage, and financing solutions for financial institutions, digital asset organizations, and corporations.

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