22nd October 2020

SIA and Hex Trust Partner to Deliver Digital Financial Services in Europe

Milan and Hong Kong – SIA has signed a partnership agreement with Hex Trust to provide digital asset services to European financial institutions enabling their customers to access new investments opportunities based on blockchain technology.

Through an innovative platform, SIA and Hex Trust will allow banks and financial institutions to manage and safekeep any kind of digital assets - such as security and utility tokens, central bank digital currencies and stablecoins created on a number of different blockchain protocols - and to offer custody services to their institutional, private banking and retail clients with the highest levels of security, control and scalability.

Furthermore, this custody platform connects financial institutions to digital asset intermediaries (including exchanges, brokers and lending platforms) within a secure custody framework complying with the most stringent Anti-Money Laundering and Counter-Terrorism Financing regulatory requirements.

The partnership between SIA and Hex Trust comes at an exciting time of growth in the digital assets market, as many first-tier banks and financial institutions are entering the industry and several Central Banks are also working to launch their digital currency pilots.

“The collaboration with Hex Trust further strengthens our expertise and primary role in designing and delivering innovative infrastructures for the European financial community. We aim to create an ecosystem where banks can manage their digital assets based on state-of-the-art technologies and comply with their internal procedures and regulatory requirements” commented Daniele Savarè, Innovation & Business Solutions Director of SIA.

“This is a critical milestone as SIA and Hex Trust join forces to make a bank-grade solution for digital assets available to European financial institutions. The partnership comes at a key inflexion point in the market where digital assets have become a reality: the banking sector is requiring a clear strategy around them and we are perfectly positioned to support this transformation,” commented Alessio Quaglini, CEO and Co-Founder of Hex Trust.

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