Hex Trust Integrates Polygon to Enable Fully-Licensed and Secure Custody Support

Hex Trust, a fully-licensed provider of bank-grade custody and associated services for digital assets in Asia, has successfully integrated Polygon, the full-stack scaling solution on Ethereum, into its digital asset custody platform Hex Safe, a Monday statement showed.

Hex Safe is a proprietary bank-grade platform that delivers custody, DeFi, brokerage, and financing solutions for financial institutions, digital asset organizations, corporations, and private clients.

Hex Trust now offers fully-licensed and highly-secure custody for Polygon’s native token (MATIC), with plans to support non-fungible tokens (NFTs) and the full stack of services built on Polygon. This integration enables Hex Trust’s over 200 institutional clients to trade, lend, and stake Polygon tokens, all without needing them to send their assets outside of the secure custody platform Hex Safe.

Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting two major types of solutions – Secured chains (Layer 2 blockchains) and Stand-alone chains (Sidechains). Polygon effectively transforms Ethereum into a full-fledged multi-chain system or an “Internet of Blockchains.”

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Moving forward, Hex Trust will be working closely with Polygon as institutions continue to enter the digital asset economy, actively participate in the DeFi ecosystem, and utilize NFTs in the metaverse and Web3 space.