Digital prime brokerage GCEX has strengthened its partnership with institutional custodian Hex Belief, launching a brand new “Secured Accounts” service to offer enhanced safety for institutional digital property within the EU and the UK markets.
The brand new providing builds upon the corporations’ three-year collaboration, integrating Hex Belief’s bank-grade custody infrastructure to ship segregated asset storage that adheres to regulatory necessities. The service particularly targets hedge funds, asset managers, and brokers searching for institutional-grade safety for his or her digital holdings.
Lars Holst, CEO & Founder, GCEX
“Our Secured Accounts service addresses a important want for institutional shoppers by offering a sturdy mechanism for safeguarding property, with safety as a core precedence,” says Lars Holst, CEO at GCEX. “This resolution permits shoppers to handle their digital property with enhanced reassurance, realizing that our clear, safe processes are in place to guard their property and allow seamless transfers of management when wanted.”
The partnership leverages Hex Belief’s custody platform to offer:
- Absolutely segregated asset storage
- Regulatory compliant infrastructure
- Seamless switch management mechanisms
- Complete staking providers throughout a number of networks, together with ETH, TIA, INJ, and DYM
Hex Belief at the moment serves over 270 institutional shoppers via its regulated infrastructure spanning Singapore, Hong Kong, France, and Italy. Most not too long ago, the corporate entered the Center East, acquiring Dubai’s crypto license.
Giorgia Pellizzari, Head of Custody at Hex Belief
“We’re excited to additional strengthen our partnership with GCEX to offer EU and UK establishments with a safe, compliant, and environment friendly resolution for managing their digital property,” added Giorgia Pellizzari, Head of Custody at Hex Belief “Our fully-licensed, bank-grade custody platform, coupled with our strong safety measures, ensures that shoppers’ property are protected always.”
The 2 firms’ most up-to-date partnership announcement was in June 2023, geared toward increasing staking providers following their preliminary enterprise in April 2023. GCEX launched 9 new property for staking, catering to institutional {and professional} shoppers. The expanded providing contains Apecoin, Flare, and Ethereum. Moreover, GC Alternate A/S has indicated plans to reinforce the listing of supported property additional to satisfy growing consumer demand.
GCEX October Bulletins
In October, GCEX remained energetic with a number of key developments and partnerships. Among the many highlights was a collaboration with Switzerland-based spot crypto change RULEMATCH, enhancing ultra-low latency buying and selling alongside built-in post-trade clearing and settlement with netting. This partnership goals to offer institutional shoppers with improved entry to cryptocurrency buying and selling.
Moreover, GCEX Group launched two new worth feeds for brokers using aggregation: XplorSkew and XplorSkewPlus. These feeds are designed to optimize spreads and enhance efficiency for brokers working within the international change and treasured metals markets.
Earlier in October, GCEX launched an upgraded market knowledge feed resolution that helps a various vary of merchandise, together with Fairness Index CFDs, Vitality CFDs, Commodity CFDs, Crypto CFDs, Spot FX, and Bullion. This enhancement provides shoppers unrestricted entry to real-time market knowledge, enabling brokers, funds, {and professional} merchants to redistribute the info extra flexibly and effectively.
