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Hex Belief, an Asia-based crypto-asset custodian, at this time introduced its partnership with Hedera Hashgraph, the enterprise-grade public ledger.
Particularly, Hex Belief has built-in the Hedera community and the Hedera Token Service (HTS) normal into Hex Secure, its bank-grade custody platform, enabling help for HBAR, the Hedera community’s native cryptocurrency, and all HTS issuances on the protocol.
Moreover, Hex Belief has been appointed as a strategic custodian of TOKO (a wholly-owned subsidiary of DLA Piper), a digital asset creation engine empowering worth creation, delivered in collaboration with DLA Piper, a Hedera Governing Council member.
Notably, TOKO (a wholly-owned subsidiary of DLA Piper) has appointed BCW Group to guide the TOKO program growth and strategic partnerships to boost the platform’s ecosystem choices.
Hex Belief + Hedera
The Hedera Consensus Service (HCS), used for high-throughput, cheap, and verifiable logging of knowledge; and the Hedera Token Service (HTS), used for native token issuance, administration, and switch.
Launched dwell final 12 months, HTS permits customers to difficulty digital tokens for any asset on Hedera’s decentralized ledger on the native layer in order that they’ll immediately and securely switch worth with out an middleman.
Something representing worth might be tokenized and transferred, and its worth might be redeemed anyplace. Tokens deployed through the HTS profit from the identical excessive efficiency, safety, and effectivity as HBAR.
“With this collaboration, Hex Belief facilitates the growth of the enterprise-grade protocol by offering banks, monetary establishments, and institutional traders a secure, safe, and compliant technique to combine HTS-based tokens. Working carefully with TOKO (a wholly-owned subsidiary of DLA Piper) as a strategic custodian additional demonstrates our dedication to implementing strong compliance requirements and defending investor pursuits.”– Alessio Quaglini, CEO and Co-Founder, Hex Belief
In November 2020, Hedera Hashgraph, in collaboration with DLA Piper launched the tokenization engine, TOKO – a digital asset creation engine that {couples} the compliance and regulatory rigor of a worldwide legislation agency with the progressive expertise options of tomorrow.
TOKO gives a platform for creating new markets and makes use of distributed ledger expertise to disseminate market info and supply transparency.
“With its concentrate on the very best safety requirements and enterprise-grade workflows and rigorous strategy to compliance, Hex Belief has established itself as a number one, bank-grade, Asian digital asset custodian. Given TOKO’s traction within the asset tokenization market, we’re excited to see Hex Belief appointed as an official custodian of TOKO.”– Mance Harmon, CEO and Co-Founder, Hedera
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