Hex Trust partners with PARSIQ to bolster custody security

Hex Trust has partnered with PARSIQ, a blockchain monitoring and event tracking service provider which recently received funding support from Binance.

As a result of the partnership, PARSIQ has appointed Hex Trust as its custodian for their digital assets and treasury reserves. Hex Trust will integrate their PRQ token into our fully licensed, compliance-focused custody platform, Hex Safe, which has the highest levels of security in the market.

Additionally, Hex Trust will integrate PARSIQ’s blockchain monitoring and workflow automation platform into Hex Safe to leverage their infrastructure for blockchain transactions and automate internal business processes such as notifications, deposit processing and security monitoring.

Listed on the OKEx exchange since the beginning of this year, PARSIQ is a “reverse-oracle” blockchain platform that addresses the lack of adequate monitoring and analytics tools in the cryptocurrency ecosystem. Users can keep tabs on events across different blockchains in real-time and connect those events to any off-chain apps and devices to facilitate different workflows.

Aiming to help accelerate the mass adoption of blockchain automation tools, PARSIQ has inked a slew of deals with trusted blockchain labels since its establishment in 2018. Among those are Algorand, Dash, Bitfury Crystal, AllianceBlock, SuperFarm, Injective, and ChainLink.

“Onboarding a company like Hex Trust and getting custody support for PRQ tokens adds a new level of validity to PARSIQ and underlines just how much security means to us and our holders.” — Tom Tirman, CEO of PARSIQ

“We’re delighted to have been appointed PARSIQ’s custodian and provide the highest levels of security for their digital assets. Integrating their transaction monitoring and automation tools within our custody platform, will provide added benefits for our clients and improve their overall experience.” — Alessio Quaglini, CEO and Cofounder of Hex Trust

In The Media

The Asset: Parsiq taps Hex Trust as digital asset custodian

Asset Servicing Times: Hex Trust enhances custody security with PARSIQ partnership

CryptoNinjas: Blockchain monitoring provider PARSIQ integrates with crypto custodian Hex Trust

Digital Assets Custody: Hex Trust & Parsiq: collaboration to enhance digital asset custody security