Hex Trust partners with IBM to deliver leading custody & settlement solutions

Hex Trust partners with IBM to deliver leading custody & settlement solutions

November 22, 2019

Pioneering the banking sector’s adoption of digital assets

We’re excited to announce Hex Trust’s business partnership with IBM to go to market together, to deliver the best digital asset custody and settlement solution for the banking sector and financial institutions.

The solution is the result of a business partnership and strategic collaboration between Hex Trust and IBM, following the agreement signed by the companies in 2019.

Hex Trust will provide on-demand wallets that remove cold storage human attack vectors; bespoke and immutable risk-based approval policies for transactions, operations and administration; and support for any form of digital asset. Beyond safeguarding private keys, Hex Trust will extend its offer to assets borrowing and lending, staking, collateral management, corporate actions, multi-custodian settlement, and other capabilities that provide financial returns for assets under management.

The platform is built on IBM™ Hyper Protect and includes enterprise-scale protected memory enclaves, FIPS 140–2 Level 4 hardware security modules, and Industry-leading data confidentiality and support for regulatory compliance through strict controls on external and privileged user access to sensitive data such as account profiles, transaction approval rules, AML ratings, KYC documentation, compliance/audit and statement data.

Hex Trust and IBM are proud to collaborate to enable institutional adoption in the blockchain ecosystem.

“Through our relationship with IBM as a Business Partner Hex Trust has hit a key milestone. Leveraging IBM’s advanced data security and protection features through IBM™ Hyper Protect Virtual Servers with the dynamic accessibility and scalability, Hex Trust’s proprietary platform will encourage regulated financial institutions to enter the space.” Alessio Quaglini, CEO of Hex Trust.

“Data privacy and protection are key concerns for enterprises and customers within the digital asset business,” highlights Ross Mauri, General Manager for IBM Z. “By taking advantage of IBM Hyper Protect Services, Hex Trust can gain the benefits provided by the security and privacy solutions underpinned by IBM LinuxONE, to establish a highly secured platform for their institutional custody solution.”

Panel discussion on how Hex Trust and IBM have partnered to launch a digital asset custody solution. Rafal Czerniawski (Hex Trust’s CTO), shares insights on the current trends in the digital assets industry with Peter DeMeo (Global Sales Leader — IBM Systems Digital Assets) on the left and Ross Mauri (IBM’s General Manager for LinuxONE and Z) moderating the discussion on the right.

About Hex Trust

Hex Trust is the Asian leader in enterprise-grade custody for digital assets. Led by innovators from the institutional financial services space, Hex Trust has built a proprietary platform that delivers a modern custody solution for financial institutions, asset managers, and corporations to safely and efficiently operate in the blockchain ecosystem. ZeroKey(TM), 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. As a registered Trust Company under the Hong Kong Trust Ordinance and holding a Trust or Company Service Provider (TCSP) license under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, Hex Trust offers a truly end-to-end digital asset servicing solution. Visit www.hextrust.com to learn more.

Enquiries: media@hextrust.com
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Sam Ameen
Sam Ameen
Marketing
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