Hex Trust partners with SIA — the European leader in Banking Technology Infrastructure

Hex Trust partners with SIA — the European leader in Banking Technology Infrastructure

October 23, 2020

An innovative platform which allows banks and financial institutions to manage and safekeep digital assets enabling their customers to access new investments opportunities based on blockchain technology

Milan and Hong Kong, 22 October 2020 SIA, a leading European hi-tech company in the payment services and infrastructures sector, controlled by CDP Equity, has signed a partnership agreement with Hex Trust, the leading fintech company in digital asset custody infrastructure for the banking sector, to provide digital asset services to European financial institutions enabling their customers to access new investments opportunities based on blockchain technology.

Through an innovative platform, SIA and Hex Trust will allow banks and financial institutions to manage and safekeep any kind of digital assets — such as security and utility tokens, central bank digital currencies and stablecoins created on a number of different blockchain protocols — and to offer custody services to their institutional, private banking and retail clients with the highest levels of security, control and scalability.

Furthermore, this custody platform connects financial institutions to digital asset intermediaries (including exchanges, brokers and lending platforms) within a secure custody framework complying with the most stringent Anti-Money Laundering and Counter-Terrorism Financing regulatory requirements.

The partnership between SIA and Hex Trust comes at an exciting time of growth in the digital assets market, as many first-tier banks and financial institutions are entering the industry and several Central Banks are also working to launch their digital currency pilots.

The collaboration with Hex Trust further strengthens our expertise and primary role in designing and delivering innovative infrastructures for the European financial community. We aim to create an ecosystem where banks can manage their digital assets based on state-of-the-art technologies and comply with their internal procedures and regulatory requirements” commented Daniele Savarè, Innovation & Business Solutions Director of SIA.

This is a critical milestone as SIA and Hex Trust join forces to make a bank-grade solution for digital assets available to European financial institutions. The partnership comes at a key inflexion point in the market where digital assets have become a reality: the banking sector is requiring a clear strategy around them and we are perfectly positioned to support this transformation,” commented Alessio Quaglini, CEO and Co-Founder of Hex Trust.

Sam Ameen
Sam Ameen
Marketing
More from Hex Trust
MetaMask Institutional Announces the Integration of Hex Trust, GK8, Parfin, and Gnosis Safe
April 13, 2022
MetaMask Institutional Announces the Integration of Hex Trust, GK8, Parfin, and Gnosis Safe
MetaMask Institutional’s (MMI) partnerships with self-custody solution Gnosis Safe and GK8 and digital asset custodians like Hex Trust and Parfin positions the decentralized finance (DeFi) wallet as the primary Web3 gateway for organizations worldwide, with unrivaled access to DeFi in many jurisdictions with different key management requirements.
Read More ⟩
Hex Trust Raises US$88 Million in Series B Funding to Scale Asia’s Leading Digital Asset Custodian
March 16, 2022
Hex Trust Raises US$88 Million in Series B Funding to Scale Asia’s Leading Digital Asset Custodian
Hex Trust, Asia’s leading digital asset custodian which is fully licensed in Hong Kong and Singapore with over 200 institutional clients and over US$5 billion in assets under custody, has announced that it has closed its Series B funding round of US$88 million.
Read More ⟩
Hex Trust Announces Completion of SOC 2 Certification, Underpinning Commitment to Data Security and Compliance
March 9, 2022
Hex Trust Announces Completion of SOC 2 Certification, Underpinning Commitment to Data Security and Compliance
Hex Trust today announced that it has completed their SOC 2® - SOC for Service Organizations: Trust Services Criteria assessment conducted by Deloitte.
Read More ⟩