Hex Belief introduced that it has turn into the primary licensed digital asset custodian in Hong Kong to combine with R3’s Corda platform, enabling the blockchain ledger into Hex Belief’s digital asset custody answer. R3 has additionally made the Hong Kong-based company’s custody solution out there to a community of companions. The combination will permit banks, monetary establishments, and institutional shoppers of Hex Belief to soundly and securely maintain tokens constructed on Corda throughout the proprietary custody platform.
Cathy Minter, CRO, R3 elucidated, “As digital belongings come more and more to the fore, we’re proud to see our blockchain expertise contact all levels of the custody course of. Corda’s distinctive scalability and safety attributes make it ideally suited to closely regulated environments and we needed a custodian that operated with those self same options. We have now discovered that in Hex Belief and its dedication to the end-to-end safekeeping of digital belongings. It’s an thrilling time within the digital belongings house, and we look ahead to serving to form progress within the house, alongside companions reminiscent of Hex Belief.”
The ‘Hex Protected’ custody answer presents safety enhanced by its latest enterprise partnership and integration with IBM LinuxONE. Digital belongings on the platform have insurance coverage protection organized by AON.
Alessio Quaglini, CEO, Hex Belief expounded, “Hex Belief is proud to turn into the primary custodian to combine with R3’s Corda. Corda has confirmed to satisfy the safety, scalability, and help of highly-regulated organizations with complicated necessities so we’re delighted to have the ability to provide help for his or her digital belongings. To hitch R3’s ecosystem and turn into a digital asset custody supplier is a superb honour for Hex Belief and is a testomony to our crew’s intense deal with offering probably the most compliant and enterprise-grade options for institutional shoppers worldwide. Our mission is to attach our shoppers and supply them with seamless entry to the very best private and non-private blockchains. With this in thoughts, the combination with Corda is one other nice step for Hex Belief.”
Enterprise software program firm R3 collaborates with an ecosystem of over 350 corporations to construct distributed purposes on prime of its Corda platform. These options, generally known as CorDapps, are getting used throughout industries reminiscent of monetary companies, insurance coverage, healthcare, and commerce finance.
The Corda platform is a blockchain platform that permits companies to transact straight and in strict privateness utilizing sensible contracts, decreasing transaction and record-keeping prices and streamlining enterprise operations. R3 delivers 2 interoperable and totally suitable distributions of the platform – Corda open-source, and Corda Enterprise, a industrial model for enterprise utilization.
