GCEX And Hex Trust Introduce Secured Accounts To Enhance Protection In UK And EU

GCEX, a digital prime brokerage, has strengthened its partnership with Hex Trust, an institutional custodian, to launch the “Secured Accounts” service. This new service provides better protection for digital assets in the UK and EU markets.

It builds on their three-year collaboration, integrating Hex Trust’s bank-grade custody system to offer segregated asset storage that meets regulatory standards. The service is designed for hedge funds, asset managers, and brokers seeking strong security for their digital assets.

GCEX And Hex Trust Expand Collaboration To Enhance Digital Asset Security

Lars Holst, Chief Executive Officer of GCEX, stated that the Secured Accounts service addresses the need for institutional clients to protect their assets with enhanced security. He noted that this solution ensures secure processes for managing assets and allows seamless control transfers when required.

Hex Trust, with its regulated infrastructure, serves over 270 institutional clients in regions including Singapore, Hong Kong, France, and Italy. The company recently expanded into the Middle East with a crypto license from Dubai.

Giorgia Pellizzari, Head of Custody at Hex Trust, said the team were pleased to deepen their partnership with GCEX. She added that they aimed to offer secure, compliant, and efficient solutions for digital asset management in the EU and UK.

She added that their fully-licensed custody platform, combined with strong security measures, ensures client asset protection at all times.

This is not the first time the two companies have expanded their collaboration. In June 2023, they announced a partnership to expand staking services, following their initial venture in April 2023.

At that time, GCEX added nine new assets for staking, including Apecoin, Flare, and Ethereum, to cater to institutional clients. GCEX Group also expressed plans to further extend the list of supported assets to meet growing demand.

GCEX Drives Innovation With Key Partnerships In October

GCEX has remained active in October, forming new partnerships and introducing several key developments. One of the highlights was a collaboration with RULEMATCH, a Swiss-based spot crypto exchange, aimed at enhancing ultra-low latency trading.

This partnership also integrates post-trade clearing and settlement with netting, helping institutional clients access cryptocurrency trading more effectively.

GCEX also introduced two new price feeds for brokers using aggregation: XplorSkew and XplorSkewPlus. These feeds aim to optimize spreads and improve performance for brokers working in foreign exchange and precious metals markets.

Earlier in October, GCEX launched an upgraded market data feed solution. It supports a range of products, including Equity Index CFDs, Energy CFDs, Commodity CFDs, Crypto CFDs, Spot FX, and Bullion.

This solution provides unrestricted access to real-time market data, allowing brokers, funds, and traders to distribute it more flexibly and efficiently.