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.
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