October was a month of strategic leadership and market definition for Hex Trust as we continued to govern the institutional roadmap for digital assets. A key milestone was the appointment of Giorgia Pellizzari as Chief Product Officer, reflecting our commitment to architecting next-generation, compliant solutions with custody at the core.
Our executives actively shaped the discourse across major industry forums. Our CCO, Calvin Shen, provided a strategic assessment on the industry's shift from speculation to infrastructure at the Polkadot event, and our Head of OTC, Charmaine Tam, structured the necessary operational standards at the Talos Summit. Furthering this, Giorgia Pellizzari shared her expertise on RWA tokenisation at iFX EXPO Asia, focusing on interoperability and strategic investment.
In the media, our leaders shared authoritative perspectives on market resilience and the future of global payments, with Alessio Quaglini underscoring how stablecoins are fundamentally restructuring the financial system. We also proudly co-hosted exclusive, high-calibre networking events during TOKEN2049 Week in Singapore, underscoring the strong sense of community defining Asia's digital asset future.
Read on for October’s highlights.
We are pleased to announce the appointment of Giorgia Pellizzari as Chief Product Officer (CPO), a strategic move that will shape the future of our institutional offerings. In this expanded role, Giorgia will govern the development of our next-generation solutions, reinforcing our position as a full-suite digital asset financial institution.
Giorgia will also continue to serve as Head of Custody. This dual responsibility sets the standard for our product philosophy: ensuring that as we innovate across market services and on-chain solutions, the core principles of security and compliance remain firmly architected into every offering. Her leadership exemplifies our commitment to delivering secure, reliable, and innovative digital asset services.
Read the full announcement here.
Our Head of OTC, Charmaine Tam, spoke with Decrypt to structure the market narrative following the recent crypto sell-off and subsequent rebound. Charmaine characterised the correction as "short-term pain, long-term gain," noting that it successfully flushed out excessive leverage while the underlying institutional infrastructure remained resilient. She further observed that Bitcoin dominance "failed to reclaim 60.5%," a data point suggesting altcoins are poised to define the next phase of liquidity recovery and market momentum.
Federico Fabiano, our Head of Legal and Compliance, was featured in Decrypt sharing his expertise on the necessary evolution of Anti-Money Laundering (AML) frameworks. In response to industry calls for modernisation, Federico highlighted that moving beyond a simplistic "check-the-box" compliance model is essential. He stressed the need for collective governance around emerging tools, such as AI and blockchain analytics, to transform regulation into an opportunity for a more transparent and credible financial system.
Our CEO and Co-founder, Alessio Quaglini, was featured in Tatler, as an honoree to know, underscoring that stablecoins are fundamentally architecting the future of global payments.
Our CCO, Calvin Shen, outlined the fundamental shift shaping institutional Bitcoin strategy at CoinferenceX: moving from a static reserve asset to a productive financial instrument. He confirmed the Utility Mandate is driving institutions past passive holding, necessitating licensed custodians to provide the governance and security layer required for large-scale DeFi adoption with Bitcoin at its core.
Our CCO, Calvin Shen, joined leaders to discuss the shift from speculation to infrastructure in Crypto Capital Markets. Calvin delivered a strategic assessment: the industry's next phase must focus on solving utility and capital efficiency at scale. He highlighted the need for regulated pathways to mobilise idle capital and architect interoperable regulatory standards to ensure blockchain becomes the universally accepted, 24/7, T+0 financial rail.
Our CCO, Calvin Shen, shared key strategic insights on how institutions are reshaping the XRP narrative, moving it from a simple settlement coin into a programmable asset with full financial utility. He outlined the CeDeFi Sequence, noting that large-scale adoption requires licensed, regulated counterparties to provide the necessary risk management for the multi-billion-dollar expansion potential of XRPFi.
Our Head of OTC, Charmaine Tam, spoke at the Talos APAC Institutional Summit to structure the market requirements enabling institutional adoption. She asserted that sustainable growth requires defining and closing operational and regulatory gaps. Charmaine confirmed that regulation is the catalyst, as legal certainty around custody is essential for board approval, and the market urgently needs standardised trade execution benchmarks (TWAP, VWAP, etc.) to support the 24/7 fiduciary duty.
Our CPO & Head of Custody, Giorgia Pellizzari, governed the discussion on asset tokenisation at the iFX EXPO Asia, providing a clear strategic assessment. She articulated that while the regulatory framework is still being architected globally, with jurisdictions like Hong Kong and Singapore pursuing distinct investor protection and asset-based goals, the future remains rooted in a compliant, scalable digital structure. Giorgia stressed that institutions demand end-to-end solutions built on interoperability to avoid single-chain silos that stifle market breadth. Fundamentally, she advised that firms must view tokenisation as a critical learning curve and a strategic investment in the future of finance, demanding thorough due diligence as they embark on this inevitable transformation.
Hex Trust proudly co-hosted an exclusive, high-calibre networking event during TOKEN2049 Week in Singapore, alongside our partners Wincent and EDX Markets. Convening Alternative Asset Managers, Institutional Investors, Family Offices, and Founders, the event brought together the very leaders shaping Asia’s digital asset future. Conversations firmly underscored the mandate for trusted partnerships, clear governance, and a bold, visionary approach to unlock the next crucial chapter of institutional Web3.
We welcomed students from the HKU Master of Finance in Financial Technology (MFFinTech) program to share our expertise on architecting regulated digital asset infrastructure. Our team provided practical insights into building key solutions, from custody to staking and market services. This engagement defines our commitment to bridging academia and the business world, with the students' sharp curiosity inspiring the next era of FinTech innovation. We thank Professor Alan Kwan and the students for their thoughtful participation.
We added support for the following assets and chain:
View the full list of supported chains and assets on our knowledge base.
Thanks for following our journey. We’ll be back next month with more updates on how we’re shaping the future of digital finance alongside our partners and clients.
For further information and assistance, contact our support team at clients@hextrust.com
— The Hex Trust Team
