Hong Kong — March 26th, 2020
Hex Trust, Asia’s leading enterprise-grade custodian for digital assets has joined forces with Bitfury Group’s Crystal™ Blockchain, an all-in-one blockchain investigative tool designed for use by law enforcement organizations and financial institutions. Hex Trust is now working with Crystal to step up due diligence procedures and improved compliance for their clients.
Hex Trust’s custody platform — Hex Safe — has integrated Crystal analytics to provide best-in-class due diligence and AML compliance procedures. Every incoming transaction to Hex Safe will be screened by Hex Trust’s proprietary AML tool powered by Crystal to provide customizable risk scoring for automated compliance processes. Hex Trust is focused on and is working towards becoming fully compliant with the most recent regulatory standards including 5AMLD and FATF.
“As a licensed entity, Hex Trust is subject to the highest level of compliance, and this integration allows Hex Trust and our clients to comply with AML/CTF regulations by building automated, evidenced-based AML procedures. Collaborating with Crystal makes perfect sense for us as we both share the same vision, focus, and level of excellence in ensuring our clients can comply with rigorous global compliance and regulatory procedures.” Alessio Quaglini, CEO at Hex Trust.
“The Crystal team looks forward to joining forces with Hex Trust to improve compliance procedures for their digital asset custody solution. Collaborations like this are becoming more and more commonplace as digital asset enterprises move to meet global legislative standards.” Marina Khausstova, CEO at Crystal Blockchain.
Bitfury Crystal is the leading blockchain analytics program backed by an expert team. The platform enables configurable risk scoring capabilities based on a sophisticated machine-learned algorithm. Crystal analytics offers risk scoring for Bitcoin, Bitcoin Cash, and Ethereum, Litecoin, and Tether blockchain transactions, addresses, and entities.
Hex Trust provides bank-grade custody solutions for digital assets, including a state-of-the-art security framework delivered in partnership with IBM and comprehensive insurance for loss, damage, destruction, or theft of digital assets. The custody solution utilizes multi-layer authorization workflow, state-of-the-art encryption and the strongest private key protection thanks to Hex Trust’s partnership with IBM. For clients seeking regulatory compliance, assets can be held by Hex Trust, a qualified and licensed custodian focused exclusively on digital assets. In addition, SaaS solutions and customizable enterprise implementations are also available, allowing customers to integrate digital assets into their core IT systems.
Hex Trust is a fully licensed and insured, bank-grade solution for the institutional custody of 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 banks, financial institutions, exchanges, asset managers, and corporations to safely and efficiently operate in the blockchain ecosystem. The platform includes a state-of-the-art security framework delivered in partnership with IBM and comprehensive insurance arranged by AON for loss, damage, destruction, or theft of digital assets. ZeroKeyTM, a proprietary technology, enables seamless transacting on multiple blockchains allowing clients to adhere to internal processes and wider marketplace regulations. Hex Trust is headquartered in Hong Kong and has regional offices in Singapore, Vietnam, and is expanding into Europe (the UK, Germany, Switzerland and Italy) during 2020. To learn more, visit www.hextrust.com
Crystal is the all-in-one blockchain analytics platform, providing a comprehensive view of the public blockchain ecosystem. Crystal is available as a SaaS, API, or as an on-premise installation. Crystal is engineered by the Bitfury Group, the world’s leading full-service blockchain technology company.
Sam Ameen, Hex Trust (email@example.com)
Rachel Pipan, Bitfury Crystal (firstname.lastname@example.org)