Hex Trust, an institutional-grade digital asset custodian licensed across global financial hubs, has partnered with The Sandbox, a decentralised gaming virtual world, to enable fully-licensed and highly-secure custody of assets such as LAND in the metaverse.
Hex Trust has fully integrated LAND into its digital asset custody platform, Hex Safe, which provides digital asset support, including cryptocurrencies, security tokens, and NFTs.
Additionally, The Sandbox has also added Hex Trust as a certified partner and to its directory list for custody services.
The integration enables institutional investors, brands, and corporations to store LAND assets with Hex Trust, instead of having to store these valuable virtual land assets in online hot wallets exposed to security and hacking risks.
Besides providing custody services for LAND, Hex Trust provides the service to buy and sell LAND, as well as financing solutions, including leasing LAND assets and virtual mortgages.
Hex Trust entered The Sandbox’s metaverse in 2022 and purchased an Estate in the ‘Web3 Zone’.
Alessio Quaglini, CEO and Co-founder of Hex Trust said,
“Hex Trust and The Sandbox have been working closely together over the last few months following the launch of our NFT custody services back in early 2020.
It’s great to solidify our relationship with a certified partnership, continuing to provide the best-in-class custody services for assets in the metaverse to meet increasing institutional demand.”
Sebastien Borget, COO and Co-Founder of The Sandbox said,
“We are always on the lookout to provide new ways to secure our community’s digital assets and bring peace of mind to The Sandbox’s community.
After working with Hex Trust for the past few months, we are very excited to formally establish a partnership to further integrate their services into the metaverse.”
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