Custodians such as Hex Trust play a crucial role in providing a safe way to hold, move, and protect digital assets for individuals, large institutions and corporations active in the space. With the growth of the blockchain space and related technologies, we also see an increase in activity, commerce, branding and individualism in the digital asset space, which requires a similarly increased standard of security.
Maxwell Li attended the AAX Trends' NFT pop-up store to discuss how the use of custodied assets is an ever-growing requirement, whether it be trading, staking or delegating these assets. Hex Trust’s services are currently being expanded to include top tier NFT collections (BAYC, Doodles, Azuki, World of Women, Cool Cats, and more) as well as Sandbox LAND, allowing clients to further gain exposure to a variety of digital assets. Additionally, through a joint venture with Animoca Brands, Hex Trust’s institutional-grade security services will be accessible for the first time to a retail market, where gamers will be able to safekeep and use their in-game assets in a highly secure, interoperable and scalable manner. The initiative will allow Hex Trust to further spread knowledge on the importance of security in the digital asset space.
Ultimately, the market is rapidly shifting and there is a change of mindset from institutions that have typically been more traditional. The increased acceptance of Web 3.0 has also led to higher demand for content ownership. As the trusted infrastructure provider underpinning the digital asset economy, Hex Trust enables institutions to safely access DeFi ecosystems with extra layers of security, facilitating the continued widespread adoption of Web 3.0 and its innovative technologies.