Hex Trust Announces Integration of Polkadot Blockchain Network

blockchain.news:

Hong Kong-based digital asset custody provider Hex Trust announced the integration of the Polkadot blockchain network into Hex Safe.

Following the integration, Hex Trust now provides fully licensed custody for Polkadot’s native token (DOT). Hex Trust also has plans to support a full stack of services built on Polkadot.

“With this integration, we will be offering fully-licensed & highly secure custody for $DOT and the full stack of services built on the leading interoperability blockchain network,” Hex Trust said on Twitter.

Furthermore, the integration will enable the company’s more than 200 institutional clients to trade, lend and stake DOT without sending their assets outside the secure custody platform Hex Safe.

According to Hex Trust’s official website, Hex Safe helps users secure and manage digital assets with a compliance-first approach.

Hex Safe also provides access to liquidity providers, exchanges and industry-leading DeFi platforms.

Launched in May 2020, the Polkadot blockchain network facilitates the interoperability of blockchain networks.

The network runs on layer zero, known as Relay Chain, which supports 100 parachains, and sovereign blockchains that work in parallel with a high level of security.

Giorgia Pellizzari, Head of Custody at Hex Trust, said, “we’re excited to have integrated Polkadot and open up the endless possibilities their emerging ecosystem is enabling. Within Hex Safe, we endeavour for our clients to seamlessly hold and have the ability to trade leading tokens such as Polkadot in our multichain and highly secure custody platform.”