Asia-based crypto-asset custodian Hex Trust today announced its partnership with Enterprise-Grade Public Laser Headers Hashgraph.
In particular, Hex Trust has enabled Headra Network and Headra Token Service (HTS) to support the standard in all HTS issues of Hex Safe, its bank-grade custody platform, HBAR, Headra Network’s native cryptocurrency and protocol.
In addition, Hex Trust has been appointed as a strategic custodian of Toko (a wholly owned subsidiary of DLA Piper), a digital asset creation engine that enables value creation, distributed in collaboration with DLA Piper, a member of the Headra Governing Council.
Notably, Toko (a wholly owned subsidiary of DLA Piper) has hired BCW Group to lead the Toko program development and strategic partnership to expand the platform’s ecosystem offerings.
Hex Trust + Headers
Headers Consensus Service (HCS), used for high-throughput, inexpensive, and data verifiable logging; And used for Hedera Token Service (HTS), Native Token Issue, Management and Transfer.
Launched last year, HTS allows users to issue digital tokens for any asset in a locally decentralized ledger account so that they can transfer values instantly and securely without any intermediaries.
Some representations of the value can be tokenized and transferred, and its value can be redeemed anywhere. Tokens deployed via HTS benefit from the same high performance, security and efficiency as HBAR.
“Through this collaboration, Hex Trust facilitates the expansion of enterprise-grade protocols, providing a secure, secure and compliant way for banks, financial institutions and institutional investors to integrate HTS-based tokens. Working closely demonstrates our commitment to implementing stronger compliance standards and protecting the interests of investors as strategic defenders.
– Alessio Koaglini, CEO and co-founder, Hex Trust
In November 2020, Headra Hashgraph, in collaboration with DLA Piper, launched Tokenization Engine, Toko – a digital asset creation engine that combines the compliance and regulatory rigor of a global law firm with the innovative technology solutions of the future.
Toko provides a platform for creating new markets and uses distributed laser technology to promote market information and provide transparency.
“By focusing on the highest security standards and a strict approach to enterprise-grade workflow and compliance, Hex Trust has established itself as a leading, bank-grade, Asian digital asset custodian. Excited to see him appointed as custodian.
– Manus Harmon, CEO and co-founder, Headra