Hex Trust has partnered with Convergence Finance to provide them with secure and fully licensed custody for their NFTs.
The partnership coincides with the current market surge for NFTs in the digital asset space. For Convergence Finance, partnering with Hex Trust is pivotal to building a protocol that democratizes investment access to attractive assets not typically available to the retail investor in a way that is safe, responsible, and secure for all DeFi users. The partnership is part of Convergence Finance’s longer-term view on the inclusion of NFTs in its platform.
Earlier this year, Hex Trust introduced the industry’s first fully licensed NFT custodial offering, ‘NFT Safe’, for multiple blockchain standards, including the most popular Ethereum based standards, ERC-721 and ERC-1155.
“At our core, we want to offer assets that users want to trade, current market sentiment shows appetite for NFTs. Having secure custody for NFTs is imperative to being able to offer fractionalized NFT exposure for our users. As a protocol, prioritising partnerships with premier partners is a fundamental part of our roadmap looking ahead.” — Oscar, Co-Founder of Convergence Finance
“As the NFT market grows, innovative protocols like Convergence Finance are enabling important gateways for investors to access this asset class. We’re looking forward to building this partnership and providing fully licensed and secure custody for their full range of digital assets including cryptocurrencies, NFTs and any future security tokens in their ecosystem.” — Alessio Quaglini, CEO and Co-Founder of Hex Trust
Convergence will be the first AMM to make private assets interchangeable in the DeFi space by turning them into fractionalized NFTs in a single easy-to-use interface and composable with other DeFi protocols. Convergence enables asset owners to take advantage of DeFi’s liquidity, while DeFi users can access real-world assets unavailable to them before. Convergence Finance combines the edge of having a lowered entry barrier with the liquidity, automation, and transparency features of DeFi to bring real-world asset exposure to all DeFi users.