GCEX Expands Crypto Custody Solutions With New Hex Trust Service

Digital
prime brokerage GCEX has strengthened its partnership with institutional
custodian Hex Trust, launching a new “Secured Accounts” service to provide
enhanced protection for institutional digital assets in the EU and the UK
markets.

GCEX Enhances Asset
Security Through Extended Hex Trust Partnership

The new
offering builds upon the firms’ three-year collaboration, integrating Hex
Trust’s bank-grade custody infrastructure to deliver segregated asset storage
that adheres to regulatory requirements. The service specifically targets hedge
funds, asset managers, and brokers seeking institutional-grade security for
their digital holdings.

“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 solution allows clients to
manage their digital assets with enhanced reassurance, knowing that our clear,
secure processes are in place to protect their assets and enable seamless
transfers of control when needed.”

The
partnership leverages Hex Trust’s custody platform to provide:

• Fully
  segregated asset storage
• Regulatory-compliant infrastructure
• Seamless
  transfer control mechanisms
• Comprehensive
  staking services across multiple networks, including ETH, TIA, INJ, and DYM

Hex Trust
currently serves over 270 institutional clients through its regulated
infrastructure spanning Singapore, Hong Kong, France,
and Italy. Most recently, the
company entered the Middle East, obtaining Dubai’s crypto license.

“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 companies’ most recent partnership announcement was in
June 2023, aimed at expanding staking services following their initial
venture in April 2023. GCEX introduced nine new assets for staking, catering to
institutional and professional clients. The expanded offering includes Apecoin,
Flare, and Ethereum. Additionally, GC Exchange A/S has indicated plans to
enhance the list of supported assets further to meet increasing client demand.

GCEX
October Announcements

In October, GCEX remained active with several key developments and
partnerships. Among the highlights was a collaboration with Switzerland-based spot
crypto exchange RULEMATCH, enhancing ultra-low latency trading alongside
integrated post-trade clearing and settlement with netting. This partnership
aims to provide institutional clients with improved access to cryptocurrency
trading.

Additionally, GCEX Group launched two
new price feeds for brokers utilizing aggregation: XplorSkew and
XplorSkewPlus. These feeds are designed to optimize spreads and boost
performance for brokers operating in the foreign exchange and precious metals
markets.

Earlier in October, GCEX introduced an upgraded
market data feed solution that supports a diverse range of products,
including Equity Index CFDs, Energy CFDs, Commodity CFDs, Crypto CFDs, Spot FX,
and Bullion. This enhancement offers clients unrestricted access to real-time
market data, enabling brokers, funds, and professional traders to redistribute
the data more flexibly and efficiently.

This article was written by Damian Chmiel at www.financemagnates.com.