Digital prime brokerage GCEX has strengthened its partnership with institutional custodian Hex Trust, launching a brand new “Secured Accounts” service to offer enhanced safety for institutional digital belongings within the EU and the UK markets.
The new providing builds upon the companies’ three-year collaboration, integrating Hex Trust’s bank-grade custody infrastructure to ship segregated asset storage that adheres to regulatory necessities. The service particularly targets hedge funds, asset managers, and brokers searching for institutional-grade safety for his or her digital holdings.
Lars Holst, CEO & Founder, GCEX
“Our Secured Accounts service addresses a critical need for institutional clients by providing a robust mechanism for safeguarding assets, with security as a core priority,” says Lars Holst, CEO at GCEX. “This answer permits shoppers to handle their digital belongings with enhanced reassurance, realizing that our clear, safe processes are in place to guard their belongings and allow seamless transfers of management when wanted.”
The partnership leverages Hex Trust’s custody platform to offer:
- Fully segregated asset storage
- Regulatory compliant infrastructure
- Seamless switch management mechanisms
- Comprehensive staking providers throughout a number of networks, together with ETH, TIA, INJ, and DYM
Hex Trust presently serves over 270 institutional shoppers by means of its regulated infrastructure spanning Singapore, Hong Kong, France, and Italy. Most lately, the corporate entered the Middle East, acquiring Dubai’s crypto license.
Giorgia Pellizzari, Head of Custody at Hex Trust
“We are excited to further strengthen our partnership with GCEX to provide EU and UK institutions with a secure, compliant, and efficient solution for managing their digital assets,” added Giorgia Pellizzari, Head of Custody at Hex Trust “Our fully-licensed, bank-grade custody platform, coupled with our robust security measures, ensures that clients’ assets are protected at all times.”
The two firms’ most up-to-date partnership announcement was in June 2023, aimed toward increasing staking providers following their preliminary enterprise in April 2023. GCEX launched 9 new belongings for staking, catering to institutional {and professional} shoppers. The expanded providing consists of Apecoin, Flare, and Ethereum. Additionally, GC Exchange A/S has indicated plans to boost the checklist of supported belongings additional to satisfy growing consumer demand.
GCEX October Announcements
In October, GCEX remained lively with a number of key developments and partnerships. Among the highlights was a collaboration with Switzerland-based spot crypto exchange RULEMATCH, enhancing ultra-low latency buying and selling alongside built-in post-trade clearing and settlement with netting. This partnership goals to offer institutional shoppers with improved entry to cryptocurrency buying and selling.
Additionally, GCEX Group launched two new worth feeds for brokers using aggregation: XplorSkew and XplorSkewPlus. These feeds are designed to optimize spreads and increase efficiency for brokers working within the overseas exchange and treasured metals markets.
Earlier in October, GCEX launched an upgraded market information feed answer that helps a various vary of merchandise, together with Equity Index CFDs, Energy CFDs, Commodity CFDs, Crypto CFDs, Spot FX, and Bullion. This enhancement presents shoppers unrestricted entry to real-time market information, enabling brokers, funds, {and professional} merchants to redistribute the information extra flexibly and effectively.
