Hex Trust and Fireblocks Crypto Custody Partnership Targets Institutional Clients In Asia And Middle East

Hex Trust and Fireblocks crypto custody collaboration is targeting institutional clients across Asia and the Middle East as regulators tighten rules on how virtual assets are held.

Under the strategic deal, Hong Kong-based Hex Trust will act as a qualified, locally licensed custodian on the Fireblocks Custody Network in key markets such as Hong Kong, Singapore and the UAE.

The arrangement allows banks, brokers and fintech firms to combine Fireblocks’ transaction and wallet technology with Hex Trust’s safekeeping, staking and execution services under a regulated framework.

The Hex Trust and Fireblocks crypto custody push comes as global digital asset values climb toward USD3.5tr and watchdogs, including Hong Kong’s Securities and Futures Commission, press trading platforms and service providers to strengthen custody, segregation and risk controls for institutional-grade virtual asset business.