Hex Trust has launched ‘NFT Safe’ custody for non-fungible tokens (NFTs) within its fully licensed and insured custody platform, Hex Safe. The integration puts Hex Trust as the first licensed global custodian to provide NFT custody for collectors and investors.
With the NFT market surging and prices of NFT’s climbing into the millions of dollars for a single collectible, it has become urgent to provide collectors and institutions with the ability to safely custody and insure their valuable assets. The Hex Safe platform has been upgraded to fully integrate NFTs on multiple blockchain platforms and token standards including Ethereum and their ERC-721 and ERC-1155 token standards.
Integrations for other potential NFT standards (e.g. Flow, Hedera Token Service (HFS), Binance Smart Chain) are also in the works. Combined with a simple, easy to use interface, NFT Safe will provide the turnkey custody solution for a variety of retail and enterprise users including HNW digital asset collectors, artists and NFT issuers, institutional NFT service providers, and NFT marketplaces.
NFT Safe will enable institutional investors to safekeep NFTs and connect to marketplaces, all within Hex Trust’s fully licensed and insured custody platform, with the highest levels of security in the market and in a fully compliant manner.
“NFTs are an integral part of the blockchain ecosystem and have been accelerating in popularity. The possibilities are endless when considering the size of the markets which can be unlocked by NFTs. Given the demand and market growth, Hex Trust is fully committed to focus on this sector and stay at the forefront of industry developments.” — Alessio Quaglini, CEO & Co-Founder of Hex Trust
“As a lifelong art collector and now NFT collector, nothing is more important than keeping my treasured digital assets safe in a highly risky and difficult to navigate technical environment. It’s a relief to store my NFT’s with Hex Trust’s insured custody solution and not have to worry about losing my hard wallet or having my platform account hacked.” — Jehan Chu, Founder & Managing Partner of Kenetic
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