November was a month of significant momentum for the industry at large and at Hex Trust. Global sentiment toward crypto has been boosted by the US election, with Bitcoin reaching all-time highs and chasing $100,000 for the first time.
We made significant strides to expand new services and forge exciting new partnerships. We launched our electronic trading platform, enabling clients to execute trades directly from our secure custody environment, setting new standards for secure and efficient trade execution. We integrated full stack support for The Open Network (TON), enhancing our custody and trading capabilities while tapping into the vast community of over 950 million Telegram users.
We also expanded our partnership with MANTRA Chain to offer secure custody and staking of $OM token, providing further support for the burgeoning RWA market. And Bitmart listed Hex Trust USD (USDX), a 1:1 USD-referenced stablecoin developed by HT Digital Assets, our tokenization ecosystem.
The team was also invited to share their insight on industry panels. Topics ranged from support for the tokenization of RWAs in Hong Kong, to enhancing scalability and sustainability in the Bitcoin ecosystem.
November’s progress is evidence of our commitment to provide institutional clients with robust, efficient and comprehensive digital asset services, at all times underpinned by our compliance-first infrastructure.
This month, Hex Trust has taken a significant step by integrating support for The Open Network (TON), becoming the first firm to offer access to the entire TON stack - custody, staking, trading, Jettons and DeFi. Hex Trust empowers clients to securely manage TON assets and participate in the growing TON DeFi ecosystem, all within our industry-leading, fully secure platform. This allows clients to diversify their holdings and engage with the fast-growing market of decentralized applications on the TON network. A milestone integration that combines TON's 95+ million community with Hex Trust's military grade custody platform.
Full announcement here.
Featured in: The Asset | Blockchain Reporter | The Crypto Reporter
“We have always had an intense focus on compliance, risk management, regulation, governance and security. These core principles form the foundation of our trading services, making Hex Trust’s electronic trading platform a robust, secure and efficient service for our institutional clients.” - Alessio Quaglini, CEO & Co-founder, Hex Trust.
Full announcement here.
MANTRA Chain, a purpose-built layer-1 blockchain for RWAs, has been integrated into our industry-leading custody platform, empowering our institutional clients with access to secure custody and staking of the native $OM token. Hex Trust is proud to be among the first cohort of validators securing the MANTRA network. Our clients can now seamlessly hold and stake their native OM tokens, and participate in MANTRA governance directly from our secure cold wallet infrastructure.
Full announcement here.
On November 18, 2024, BitMart, a global digital asset trading platform, listed Hex Trust USD (USDX), a 1:1 USD-referenced stablecoin built on the Flare blockchain and developed by HT Digital Assets, Hex Trust’s tokenization ecosystem. USDX is intended to be fully-backed by cash and cash equivalents, and ensures round-the-clock availability and reliability, making it an ideal stablecoin for global financial operations.
Learn more here.
The partnership with Injective marks a significant enhancement of Hex Trust’s custody and trading services. As a validator, over 1.5 million $INJ tokens have been delegated, bolstering security and compliance for institutional investors in decentralized finance. This initiative underscores our commitment to delivering institutional-grade custody and staking solutions, addressing the rising demand for secure and scalable DeFi options. By joining the Injective network, we are reinforcing our role in advancing institutional adoption and innovation in blockchain technologies.
Full announcement here.
As part of our partnership extension with GCEX, a leading regulated digital prime brokerage, Hex Trust will introduce a new Secured Accounts service, enhancing the security and control of digital assets for institutional clients. By leveraging Hex Trust's fully-licensed custody platform, GCEX will ensure that assets are segregated and compliant with stringent regulatory standards in the EU and UK.
Full announcement here.
Featured in: Asset Servicing Times | Crypto News | Finance Magnates
Alongside an esteemed panel from Core Dao, Figment, Hashnote and Token Relations, Hex Trust’s Roshan Daswani was invited to participate in the Core DAO Quarterly Webinar. The panelists shared valuable insights on the growth of the Core network, non-custodial Bitcoin staking, and the advantages of dual staking models.
Key highlights included:
Catch the full recording here.
Hex Trust's Marty Jetton joined industry leaders at InvestHK's New York City event to discuss the tokenization of real-world assets and its potential to improve efficiencies, increase liquidity and create new revenue opportunities. Hong Kong is ramping up efforts to establish regulatory pathways for tokenized financial products. It was great to share Hex Trust’s insights on Hong Kong’s continued contribution and support of this potential trillion-dollar market opportunity.
Learn more here.
We are enhancing the security of our platform with an updated password policy.
For a complete list of all supported blockchains and tokens on Hex Safe, you can refer to our knowledge base.
For further information and assistance, contact our support team at support@hextrust.com.
Our work continues and we look forward to sharing our year end review in next month’s edition.
— The Hex Trust Team
