Polkadot Blockchain Integrated by Hong-Kong Digital Asset Custodian
Hong Kong-head quartered Hex Trust, which offers digital asset custodial service, has embedded Polkadot blockchain system into Hex Safe. With the incorporation, Hex Trust is now able to offer totally licensed custodial service for Polkadot’s in-house token as a result of the integration (DOT). Additionally, Hex Trust intends to provide a whole bouquet of services based on Polkadot in the near future.
Hex Trust tweeted “Because of this connection, we will be able to provide completely licensed and very safe custodial service for $DOT together with the whole bouquet of facilities that are developed on the blockchain system with the highest level of interconnectivity.”
In addition, the incorporation will make it possible for over 200 of the company’s institutional-level customers to buy and sell, lend, and even stake DOT regardless of a need to transmit their funds beyond the safe custodial platform known as Hex Safe. Hex Safe is a regulatory-first crypto asset management solution that, as per the main site of Hex Trust, assists customers in securing and managing digital products.
Additionally, Hex Safe gives its users gain permission to market makers, crypto exchanges, and the most advanced DeFi systems in the business. The Polkadot blockchain system, which is scheduled to be live in May 2020, is designed to make it easier for different blockchain platforms to communicate with one another. The network operates on layer zero, which is referred to as the Relay Chain. It is capable of supporting one hundred parachains and independent blockchains that run simultaneously while maintaining a high degree of safety.
Giorgia Pellizzari, Chief of Custody at Hex Trust, stated, “We are thrilled to have incorporated Polkadot, which will allow us to unravel a plethora of new opportunities made possible by their rapidly developing platform. Inside Hex Safe, we work hard to ensure that our customers are able to retain and trade popular tokens like Polkadot in a hassle-free manner on our multichain and super secure custodial platform. Polkadot is just one example of this.”