Hex Trust, a leading digital assets financial institution specializing in custody, staking, and market services, has integrated Nillion, a decentralized data storage and computation network, enabling innovative blind computation technology to foster privacy and security.
Hex Trust enables the secure custody and staking of $NIL, the native token of Nillion Network, to its global institutional client base. This integration empowers Hex Trust's clients to participate in Nillion's decentralized network while maintaining secure management of assets.
“With the successful launch of Nillion’s mainnet, we’re pleased to provide secure, institutional-grade custody and staking for $NIL, supporting Nillion’s vision of a decentralized, trustless network for secure data computation. By leveraging advanced Multi-Party Computation technology, Nillion is unlocking new possibilities for privacy, scalability, and Web3 infrastructure. This integration reinforces Hex Trust’s commitment to enabling secure, compliant participation in decentralized networks for institutional clients.” - Giorgia Pellizzari, Managing Director and Head of Custody, Hex Trust.
“Secure infrastructure is the backbone of a private digital world. By integrating with Hex Trust, we’re ensuring that institutional partners can engage with the Nillion network through a hardened custody and staking solution. This not only deepens economic security for our ecosystem but also unlocks scalable, privacy-first infrastructure for enterprises committed to a decentralized future.” - Alex Page, CEO and Co-Founder at Nillion
Nillion is a secure computation network that decentralizes trust for high-value, sensitive, and private data in the same way that blockchains decentralize transactions. Nillion uses blind computation, a revolutionary approach to address challenges in the cryptocurrency space such as privacy protection and data security.
Blind computation enables secure storage and computation of sensitive data without ever exposing it, even to the nodes performing the computation. This is achieved by splitting data into encrypted fragments and distributing them across multiple nodes for processing.
Nillion's blind computation integrates advanced cryptographic techniques such as Secure Multi-Party Computation (MPC), Fully Homomorphic Encryption (FHE), and Trusted Execution Environments (TEEs) to ensure data privacy and security.
These technologies allow nodes to operate on encrypted fragments and collaborate on computations without accessing the complete dataset, ensuring that sensitive information remains secure throughout the process.
By doing so, Nillion provides a decentralized trust model that eliminates the need for intermediaries, enhancing data protection and compliance with privacy regulations across various industries.
Nillion's innovative blind computation technology is poised to revolutionize the Web3 space by addressing one of its most significant challenges: balancing decentralization with privacy. Traditional blockchain systems prioritize transparency, making sensitive data publicly accessible. However, this openness often hinders widespread adoption, especially in industries where data privacy is paramount.
Nillion's blind computation introduces private computing capabilities to Web3, allowing users to process sensitive data on-chain without revealing it. This technology ensures that data remains encrypted throughout processing, even from the nodes involved in the computation. Nillion expands the design space of blockchain applications, making privacy protection and decentralization no longer mutually exclusive.
This advancement opens up new opportunities for players with high privacy requirements to engage with Web3 applications. By ensuring that sensitive data can be securely processed without exposure, Nillion's technology can:
Enhances User Trust: Provides a secure environment where users can confidently share and process sensitive information.
Expands Application Scope: Enables the development of privacy-centric applications across industries like AI, finance, and healthcare, which previously hesitated to adopt blockchain due to privacy concerns.
Fosters Innovation: Encourages innovation in Web3 by allowing developers to build applications that balance transparency with privacy, addressing regulatory compliance and user privacy needs simultaneously.
Nillion's blind computation technology unlocks new possibilities for a wide range of applications across multiple industries, from AI, DeSci, Finance, and Healthcare and beyond, addressing critical privacy challenges and enhancing data security.
Over 50 projects are officially signed up to build and integrate with Nillion, including Aptos, Near, Arbitrum, Mantle, Virtuals, Fractal, across 15 verticals such as DeFi, AI, DeSci, public chains, and DAOs.
MonadicDNA leverages Nillion's blind computation, providing users with full control over their genetic data, allowing them to benefit from genomic insights without risking data exposure. This approach addresses significant privacy concerns associated with traditional genomics services, making Monadic DNA a pioneering example of how Nillion's technology can be applied in real-world scenarios.
Virtuals Protocol partners with Nillion to leverage its blind computation technology for creating personalized private AI agents without exposing private data. This integration enables the secure storage and processing of sensitive data associated with these AI agents, ensuring that user privacy is maintained throughout the interaction process.
Arbitrum, a leading Layer 2 scaling solution for Ethereum, has integrated Nillion's blind computation technology to enhance privacy within its ecosystem. This allows dApps on Arbitrum to leverage Nillion's advanced privacy features for secure data storage and processing.
By combining Arbitrum's scalability with Nillion's privacy-preserving capabilities, developers can create applications that handle sensitive data without exposing it, even during computation. This integration supports a wide range of use cases, including private DeFi operations, confidential financial analytics, and secure messaging solutions by enabling computations on encrypted data without decryption.
About Hex Trust
Established in 2018, Hex Trust offers regulated institutional digital asset custody, staking and markets services to builders, investors and service providers. Get access to our comprehensive, secure and regulated suite of services built on our proprietary and fully integrated infrastructure.
For more information, visit hextrust.com or follow Hex Trust on LinkedIn, X and Telegram.
About Nillion
Nillion is humanity’s first Blind Computer. It is powered by a decentralized network of nodes that enables “Blind Computation” through the coordination and orchestration of privacy enhancing technologies (PETs) such as multi-party computation (MPC), fully homomorphic encryption (FHE) and zero-knowledge proofs (ZKP). Nillion believes Blind Computation will become the internet’s base layer for all private data as PETs continue to mature. Nillion has attracted a notable initial cohort of Blind Computation builders across AI, DeFi, medical data, custody, wallets, global identity, messaging, and more.
Learn more by visiting the Nillion website or following us on Twitter, or Discord.
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