19 April, 2023 - Hex Trust, an institutional-grade digital asset custodian licensed across global financial hubs, is partnering with AlgoRai Finance, a decentralized structured products platform, to provide institutional investors with access to AlgoRai’s investment and risk-based solutions.
Developed in partnership with Algo Foundry, the leading venture studio for the Algorand blockchain, AlgoRai Finance harnesses blockchain technology to bring financial products to everyone that are now only available to a few. AlgoRai recently closed its seed funding round of US$1.7M which Hex Trust participated in alongside Algorand Foundation, Arcane Group, Arrington Capital, BCW Group, Borderless Capital, GSR Markets, Mozaik Capital, Optio Capital, TDX Strategies and Undercurrent Capital.
Starting with Decentralized Options Vaults on the Algorand blockchain that effectively monetize the high volatility of the underlying asset and inject this yield into DeFi through the payment of option premiums with the added yield from Algorand governance rewards, AlgoRai Finance will grow its product range to cater to different risk profiles, market expectations, and asset classes. Within selected regulatory jurisdictions, institutional investors will be able to access these Decentralized Options Vaults from the safety of their custody accounts with Hex Trust.
Edward Lashinski, CEO of AlgoRai Finance
“We are thrilled with this opportunity to develop our strategies with our partner Hex Trust, a leading custodian, to create value for asset owners and managers who seek a reliable, sound investment process within an ultra secure environment.”
Giorgia Pellizzari, Head of Custody at Hex Trust
“Institutional investors are increasingly looking for access to decentralized structured products as their trust in centralized and opaque digital asset services decreases. We’re looking forward to partnering with AlgoRai Finance and providing safe access to their services.”
We believe DeFi is not just decentralized finance but also democratization of finance, harnessing blockchain technology to bring financial products to everyone that are now only available to a few. In partnership with global institutions, AlgoRai offers robust and transparent DeFi structured products that protect and grow digital assets over time, all at the touch of a fingertip.
The Hex Trust is a licensed and insured digital asset custodian. Led by veteran banking technologists and award-winning financial services experts, the Hex Trust Group has built Hex Safe, a proprietary institutional-grade platform that delivers solutions for digital asset protocols, foundations, financial institutions, and the Web3 ecosystem. The Hex Trust Group has offices in Singapore, Hong Kong, Dubai, Italy, and Vietnam.