Hex Trust enables clients to trade Polkadot’s native token (DOT)

Hex Trust enables clients to trade Polkadot’s native token (DOT)

Hex Trust, an expert digital asset services provider in Asia, has effectively integrated Polkadot, a well-established interoperability blockchain network, into Hex Safe™ - the company’s digital asset custody platform.

Thanks to the latest integration, Hex Trust now offers fully-licensed and highly secure custody for the native token of Polkadot, dubbed DOT, planning to support the suite of services built on the Polkadot network.

With this, the 200+ institutional clients of Hex Trust can leverage the integration, enabling them with trading and lending options for DOT, without the concerns associated with having to send their assets beyond the secure custody platform Hex Safe™.

Speaking on the blockchain integration, Giorgia Pellizzari, Head of Custody at Hex Trust, stated that Polkadot is allowing the platform to unlock infinite opportunities through its emerging ecosystem. Pellizzari added that the Hex Safe platform works toward facilitating its clients a seamless trading experience for tokens like Polkadot on their multichain and highly-secure custody platform.

Launched in May 2020, Polkadot aims at embracing a fragmented multi-chain future, ensuring the interoperability of blockchain networks.

In order to bring interoperability to reality, Polkadot Founder Gavin Wood – who also co-founded Ethereum – designed a layer zero known as Relay Chain, which supports 100 parachains showcasing sovereign blockchain networks that work parallelly with a high-level of security.

Some of the key parachains that have made it to the platform include Astar, Acala, Parallel, Moonbeam, and Clover.

As an insured provider of bank-grade custody and related services catering to digital assets and backed by veteran banking experts and recognized financial services experts, Hex Trust designed Hex Safe™.

Hex Safe is the company’s proprietary bank-grade platform offering a portfolio encompassing DeFi, financing, custody, and brokerage solutions to serve corporations, financial institutions, private clients, and digital asset organizations.

Meanwhile, Polkadot specializes in technical advancement required to strengthen blockchain technology and make it more scalable, practical, interoperable, accessible, and next-generation with the view of eliminating limitations that hinder entry.

It is driving innovation and helping expand the space of decentralized technology to ultimately bring the Web3 vision to life. 

Source Credit: https://hextrust.com/resources-collection/hex-trust-integrates-polkadot-to-enable-fully-licensed-and-highly-secure-custody-support