HONG KONG – MAY 13, 2021 – Hex Belief, the main digital asset custodian within the banking sector, right now introduced its partnership with Chainalysis, the blockchain analytics firm. Hex Belief will use Chainalysis KYT (Know Your Transaction), the compliance resolution for monitoring transactions in actual time, and Chainalysis Reactor, the investigation instrument, for enhanced due diligence. This collaboration permits Hex Belief so as to add an extra layer to its already sturdy compliance capabilities for its proprietary Hex Secure ™ platform, offering monetary establishments with the safety of their digital asset transactions.
Over the previous 12 months, cryptocurrency has grow to be a extra widespread asset class, with an inflow of institutional {dollars} driving Bitcoin and different elements Cryptocurrencies Seize costs. Ahead-looking banks are more and more giving prospects direct entry to cryptocurrency by working with custodian providers to carry the cryptocurrency on their behalf. This permits them to check the brand new providing with much less invested sources and on the identical time to fall again on exterior cryptocurrency know-how to extend their possibilities of success.
“Cryptocurrency and blockchain know-how are on the forefront of innovation within the monetary providers business, and conventional monetary establishments dedicated to alter are prone to keep forward,” stated Alessio Quaglini, CEO and co-founder of Hex Belief. “Our partnership with Chainalysis is additional proof of Hex Belief’s dedication to offering our prospects with probably the most safe custody resolution with a complete compliance-first strategy accessible available in the market right now.”
“Chainalysis is happy to associate with such a trusted title in digital asset custody,” stated Ulisse Dellorto, Common Supervisor of APAC for Chainalysis. “With monetary establishments more and more trying to spend money on cryptocurrency, that is the perfect time for trusted companions like Hex Belief to spend money on their compliance know-how.”
Hex Belief is Asia’s main asset custodian, offering the business’s most complete custody resolution with enterprise grade safety and options comparable to: B. Digital Asset Servicing. With providers comparable to commerce execution, entry to liquidity, and pricing, the corporate’s platform permits buyers to securely work together with digital belongings. Hex Belief gives among the broadest help for digital belongings within the business, together with cryptocurrencies, safety tokens, and NFTs. Hex Belief takes a totally licensed strategy and has plenty of shoppers within the banking sector in Asia and Europe.
Chainalysis lately closed its Collection D funding, elevating $ 100 million with a valuation of greater than $ 2 billion. Chainalysis is a strategic associate to monetary establishments, governments and cryptocurrency firms all over the world, offering knowledge, software program and experience on subtle cryptocurrency crime and cash laundering ways, strategies and practices.
To study extra about Hex Belief, go to https://hextrust.com/
To study extra about Chainalysis, go to https://chainalysis.com/
ABOUT HEX TRUST
Hex Belief is the main digital asset custodian within the banking sector. Headquartered in Asia, Hex Belief is led by seasoned banking technologists and award-winning monetary providers professionals. Hex Belief’s proprietary bank-grade platform – Hex Secure ™ – offers the market-leading digital asset custody resolution for banks, monetary establishments, asset managers, exchanges and companies.
By way of Hex Secure ™, shoppers can entry liquidity, alternate, credit score, borrowing and staking platforms whereas belongings are held on our compliance-focused platform with the very best degree of safety accessible in the marketplace. Hex Belief has places of work in Hong Kong and Singapore and is increasing into the European market in 2021. Hex Belief is a Hong Kong Belief Ordinance registered belief firm and has a TCSP (Belief or Firm Service Supplier) license below Anti-Cash Laundering and Anti-Terrorism Financing Rules.
ABOUT CHAINALYSIS
Chainalysis is the corporate for blockchain evaluation. We ship knowledge software program, Providers and analysis for presidency companies, inventory exchanges, monetary establishments, and insurance coverage and cybersecurity firms in over 60 international locations. Our knowledge platform helps investigative, compliance and danger administration instruments which were used to unravel among the world’s most well-known cybercrime circumstances and safely enhance client entry to cryptocurrency. Backed by Accel, Addition, Benchmark, Paradigm, Ribbit and different main names in enterprise capital, Chainalysis builds belief in blockchains to encourage higher monetary freedom with decrease danger. Extra info is offered at www.chainalysis.com.
MEDIA CONTACTS
PINK TIGER MEDIA FOR HEX TRUST
Victoria Baillie
Aimee Hillman
victoria.bailie@pinktigermedia.com
aimee.hillman@pinktigermedia.com
HEX TRUST
Sam Ameen
sam.ameen@hextrust.com
CHAIN ANALYSIS
Maddie Kennedy
media@chainalysis.com
