On April 1, Hong Kong-based digital asset custodian Hex Trust announced the integration of R3’s Corda enterprise blockchain with its custody solution. This would allow financial institutions to hold digital assets and tokens built on the Corda platform with Hex Trust’s solution.
Founded in 2018, Hex Trust has built a blockchain-based platform for enterprise-grade custody of digital assets. To date, the firm has mainly supported cryptocurrency tokens, but the latest move broadens its horizons.
Institutions such as the SIX Digital Exchange (SDX) plan to issue digital assets on Corda. So an increasing number of securities token and other digital assets will be available using the technology. The Corda Network means that any application that chooses to participate can, subject to permission, interoperate with others. Hence, R3 will make Hex Trust’s custody solution available to its network of partners.
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