.jpg)
HONG KONG, July 31, 2024 - Hex Trust, a leading provider of digital asset solutions for institutional finance, protocols, foundations, and the Web3 ecosystem, has announced a strategic partnership with Tokeny, the pioneering onchain operating system for tokenized securities. Tokeny, with the custody integrations provided by Hex Trust, will deliver a streamlined tokenization process enhanced with fortified security measures for operations signings.
Custody solution providers are essential for institutions venturing into real-world asset (RWA) tokenization. Through this partnership, Hex Trust’s multi-wallet architecture has been integrated into the Tokeny platform, enabling institutions already utilizing Hex Trust’s custody services to seamlessly manage their tokenized securities and securely sign operations using the same trusted wallet.
Tokeny's platform offers an intuitive white-label platform and plug-and-play APIs that enable businesses and institutions to compliantly issue, transfer, and manage tokenized RWAs and securities. Tokeny has a fully integrated ecosystem, which includes necessary onchain and off-chain service providers required for seamless operations onchain.
“As large institutions embrace RWA tokenization, we’ve seen a surging demand from our clients for solutions that aggregate everything they need to operate onchain seamlessly. Tokeny provides exactly this with a proven track record. By integrating Hex Trust's custodial wallet infrastructure into the Tokeny platform, customers can start tokenizing and managing their onchain securities with the wallet they trust and are familiar with.” - Alessio Quaglini, CEO & Co-Founder of Hex Trust.
Compliance and interoperability are key for tokenization projects to thrive, and Tokeny's solutions ensure this by being fully compatible with the open-source identity-based ERC-3643 permissioned token standard. Token restrictions on investors and operations can be easily set and embedded into the token through Tokeny's token compliance setup interface or APIs. While tokens can leave the operating platform to interact with any other application by default, only qualified investors can interact with them, and custom additional rules can be applied.
Luc Falempin, CEO of Tokeny, adds, "Custody of security tokens is about token issuers and their agents securely preparing and signing advanced smart contract operations. This process requires using a proper orchestration platform with guided business workflows and then signing the corresponding blockchain transactions via a secure wallet. By combining the technologies of Tokeny and Hex Trust, we offer institutions a comprehensive solution, enabling tokenization without the burden of technological concerns.”
***
About Hex Trust
Established in 2018, Hex Trust is a fully licensed digital asset custodian dedicated to providing solutions for protocols, foundations, financial institutions, and the Web3 ecosystem. Get access to custody, DeFi, brokerage, and other services built on regulated infrastructure.
For more information, visit hextrust.com or follow Hex Trust on LinkedIn, Twitter and Telegram.
About Tokeny
Tokeny is a leading onchain finance operating system. Tokeny has pioneered compliant tokenization with the open-source ERC-3643 standard and advanced white-label software solutions. The enterprise-grade platform and APIs unify fragmented onchain and offchain workflows, integrating essential services to eliminate silos. It enables seamless issuance, transfer, and management of tokenized securities. By automating operations, offering innovative onchain services, and connecting with any desired distributors, Tokeny helps financial actors attract more clients and improve liquidity. Trusted globally, Tokeny has successfully executed over 120 use cases across five continents and facilitated 3 billion onchain transactions and operations.
