GCEX, a leading digital prime brokerage, and Hex Trust, an institutional-grade custodian, have introduced a new “Secured Accounts” service aimed at providing enhanced protection for digital asset investors in the EU and UK.
This innovative solution combines Hex Trust’s bank-grade custody infrastructure with GCEX’s expertise in digital asset management, delivering a robust offering tailored to hedge funds, asset managers, and brokers, according to Finance Magnates.
Features of the Secured Accounts Service
- Fully Segregated Storage: Ensures that digital assets are stored securely and comply with EU and UK regulatory requirements.
- Advanced Custody and Transfer Mechanisms: Powered by Hex Trust’s regulated custody platform, offering seamless and secure asset management.
- Support for Staking Services: Includes multiple networks like Ethereum and Injective, further expanding institutional capabilities.
Lars Holst, CEO of GCEX, emphasized the importance of safeguarding digital assets:
“This service addresses a critical need by safeguarding assets with robust mechanisms, ensuring secure processes, and enabling seamless transfer control when required.”
Hex Trust’s Growing Global Presence
Hex Trust, which operates in Singapore, Hong Kong, France, and Italy, recently expanded into the Middle East with a crypto license in Dubai.
Giorgia Pellizzari, Head of Custody at Hex Trust, highlighted the initiative’s significance:
“Our licensed, bank-grade custody platform ensures that EU and UK institutions can manage their digital assets securely and efficiently.”
Continued Growth and Innovation
The Secured Accounts service is part of a broader effort by GCEX and Hex Trust to cater to the rising demand for institutional digital asset solutions.
Recent Milestones:
- Staking Services Expansion: In June 2023, they added nine new assets, including Ethereum and Apecoin, to their portfolio.
- Price Feeds Launch: In October, GCEX introduced XplorSkew and XplorSkewPlus, optimizing spreads for brokers in Forex and precious metals markets.
- Market Data Upgrades: Enhanced feeds now offer real-time access to products ranging from Equity Index CFDs to Crypto CFDs.
Rising Confidence in Cryptocurrencies Among Financial Advisors
A Q3 2024 survey by the Digital Assets Council of Financial Professionals (DACFP) and Franklin Templeton Digital Assets shows growing adoption of digital assets among financial advisors and their clients.
Key Findings:
- 19% of advisors now report that more than half of their clients hold digital assets, up from 15% in Q2.
- Advisors with no crypto-owning clients have dropped to 3%, compared to 8% in the previous quarter.
- Financial advisors increasingly view digital assets as essential to diversified portfolios.
Ric Edelman, founder of DACFP, commented:
“These findings underscore a clear shift in how financial advisors view digital assets as part of their clients’ portfolios.”
Final Thoughts
As institutional interest in digital assets continues to grow, services like Secured Accounts position companies like GCEX and Hex Trust as leaders in ensuring secure and compliant asset management.
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