Hex Trust, a leading provider of digital asset custody, staking and markets services has announced a strategic partnership with Synnax, a pioneering decentralised credit intelligence platform. This collaboration marks a significant step forward in enhancing risk management strategies within the digital asset industry. Hex Trust will leverage Synnax’s predictive Credit Intelligence tools to assess and manage counterparty risk with greater precision and foresight.
In the rapidly evolving digital asset landscape, counterparty risk remains a critical concern for institutional investors and custodians. Traditional credit assessments often fall short in capturing the dynamic and complex risk profiles of digital asset counterparties. That’s where Synnax comes in.
By integrating Synnax’s predictive Credit Intelligence, Hex Trust will gain access to real-time, forward-looking insights that enhance their ability to assess creditworthiness and mitigate counterparty risk. Synnax’s tools offer a powerful alternative to traditional credit ratings, combining on-chain and off-chain data with decentralized machine learning models to deliver accurate and adaptive risk assessments.
Hex Trust will utilize Synnax’s Credit Signals to continuously monitor and assess the financial health of counterparties. These forward-looking metrics provide immediate insights into potential risks, empowering Hex Trust to make faster, data-driven decisions.
Synnax’s R-Score offers a quantitative measure of the likelihood that an entity will fulfill its debt obligations within the next 18 months. This predictive score equips Hex Trust with the ability to proactively manage exposure to high-risk counterparties.
Synnax’s Credit Intelligence platform will bolster Hex Trust’s due diligence process, enabling more comprehensive and dynamic evaluations of digital asset projects, service providers, and institutional partners.
This partnership underscores Hex Trust’s commitment to strengthening its risk management framework and fostering trust within the digital asset ecosystem. As the industry continues to grow and institutional adoption accelerates, advanced credit assessment tools like Synnax’s predictive models are essential for navigating market volatility and counterparty risks.
For Synnax, this collaboration is a pivotal step toward redefining how credit intelligence supports the evolving needs of digital finance. By partnering with industry leaders like Hex Trust, Synnax continues to bridge the gap between traditional credit assessment models and the future of decentralized finance.
"Our partnership with Hex Trust represents a shared commitment to advancing trust and security in digital finance. Hex Trust’s leadership in digital asset services makes them an ideal partner as we bring predictive credit intelligence to the forefront of risk management, setting a new benchmark for mitigating counterparty risk." - Robert Alcorn, CEO & Co-founder, Synnax.
"Effective risk management is the cornerstone of trust in the digital asset ecosystem. Synnax’s decentralised Credit Intelligence platform equips us with the predictive tools needed to enhance our risk assessment processes, and aligns with our intense focus on compliance, regulation, governance and security.” - Alessio Quaglini, CEO & Co-founder, Hex Trust.
Together, Synnax and Hex Trust are setting a new standard for risk management in the digital asset space. This partnership will not only strengthen Hex Trust’s counterparty risk controls but also pave the way for more secure and resilient financial ecosystems worldwide.
Stay tuned for more updates as we continue to drive innovation in credit intelligence and digital asset security.
About Hex Trust
Established in 2018, Hex Trust offers regulated institutional digital asset Custody, Staking and Markets services to builders, investors and service providers. Get access to our comprehensive, secure and regulated suite of services built on our proprietary and fully integrated infrastructure.
For more information, visit hextrust.com or follow Hex Trust on LinkedIn, X and Telegram.
About Synnax
Synnax is transforming the world of credit ratings through its decentralized Credit Intelligence platform, leveraging a decentralized network of machine learning models to predict financial outcomes with greater accuracy. The platform is designed to offer deeper insights into both public and private companies, making it a powerful tool for investors and businesses alike. Synnax is backed by leading global investors including Wintermute Ventures, TON Ventures, No Limit Holdings, Bitscale Capital, Ryze Capital, Kenetic Capital and many more.
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