Mason Privatbank Liechtenstein AG selects Hex Trust to provide digital asset custody services for their Asia-based clients

Mason Privatbank Liechtenstein AG selects Hex Trust to provide digital asset custody services for their Asia-based clients

June 15, 2020

Hong Kong, Monday 15th June; Hex Trust, the leading digital asset custodian for the banking sector, has announced that Mason Privatbank Liechtenstein AG, has selected them to provide digital asset custody services for their Asia-based clients.

The partnership enables Mason Privatbank Liechtenstein AG’s clients (HNWIs and institutions) to safely and securely hold, trade and access digital assets on Hex Trust’s custody platform — Hex Safe. The digital assets which are available on Hex Safe range from cryptocurrencies, stablecoins, to security tokens. The Hex Safe platform integrates third-party lending, staking, borrowing and trading platforms, which allows clients to access the digital asset ecosystem while their assets are held in secure custody. The partnership also extends the network for Hex Trust and allows their ecosystem of partners to access Mason Privatbank Liechtenstein AG’s clients.

Mason Privatbank Liechtenstein AG is developing the private banking sector’s adoption of digital assets and is offering this service for their clients. With a history of more than 20 years, they have successfully established themselves as a boutique private bank in Liechtenstein and now, since they have been taken over by the Mason Group, expanding their services with a focus on digital assets.

Hex Trust’s proprietary technology has been specifically designed to provide the leading digital asset custody services for the banking sector via its compliance-first framework and flexible deployment options. Hex Trust has a global partnership with IBM for digital asset custody services and provides the Hex Safe platform with market-leading security. Digital assets held on Hex Safe also have insurance coverage arranged by Aon.

Alessio Quaglini, CEO of Hex Trust, said:

“We’re delighted to collaborate with Mason Privatbank Liechtenstein AG to start providing digital asset custody services for their clients. We continue to see an increasing level of demand from high net worth individuals and institutions to hold digital assets. And as a result, our banking clients need a custody platform, such as Hex Safe, which can seamlessly integrate within their infrastructure, while also complying with their complex regulatory and licensing requirements. Being selected by one of Liechtenstein’s most innovative private banks is an important step for Hex Trust, and for the digital assets market as a whole, as it opens up a new distribution channel for our Hex Trust ecosystem to access the high net worth individuals and institutional clients within the private banking world.”

Hubert Buechel, CMO of Mason Privatbank Liechtenstein AG, said:

“We see more and more demand from asset managers and investors who want to diversify their portfolios and invest in digital assets. A trend that has only been amplified in light of the current market turbulences. Our goal is to offer regulated, but frictionless banking-grade digital assets cold storage to our clients, and this is why we team up with Hex Trust. We are happy to announce this partnership and look forward to an ongoing and successful relationship.”

About Hex Trust

Hex Trust is the leading provider of digital asset custody for the banking sector. Led by innovators and experienced technologists from the institutional financial services space, Hex Trust has built a proprietary platform that delivers a modern custody solution for banks, financial institutions, asset managers, and corporations to safely and efficiently operate in the blockchain ecosystem. The market-leading security of Hex Trust’s platform has been enhanced by their business partnership and product integration with IBM. ZeroKey, a proprietary technology, enables seamless transacting and fast access to assets stored on multiple blockchains while maintaining the highest levels of security of cold storage solutions. Hex Trust is a registered Trust Company under the Hong Kong Trust Ordinance and holds a Trust or Company Service Provider (TCSP) license under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance. Hex Trust is headquartered in Hong Kong and has offices in Singapore, Vietnam and is expanding into Europe during 2020. hextrust.com

About Mason Privatbank Liechtenstein AG

The Mason Privatbank Liechtenstein story begins in 1998. The Bank was founded as Raiffeisen Privatbank, a subsidiary of Walser Privatbank, which was among the first banks that gained a foothold in the principality in addition to the financial institutions originally located there. Under the name of Raiffeisen Privatbank Liechtenstein, the bank established itself as a reliable point of contact for wealthy private clients and intermediaries. In 2018, after 20 successful years of doing business, came the merger with the Mason Group, which is headquartered in Hong Kong. Raiffeisen Privatbank Liechtenstein thus not only gained a new owner, but also a powerful partner that is renowned in his home market of Hong Kong and is heading towards a stable and successful future together with it.

Mason Privatbank Liechtenstein specialises in advice and other services in the areas of private banking as well as for institutional clients. Mason Privatbank has an outstanding international network and a correspondingly large sphere of influence. With its location in Liechtenstein, with benefit from top-notch framework conditions for providing with clients the security and reliability they have come to expect from the bank. www.mason-privatbank.li

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