Hex Trust partners with The Sandbox to enable fully-licensed and secure custody of metaverse assets

Hex Trust partners with The Sandbox to enable fully-licensed and secure custody of metaverse assets

May 10, 2023

10 May 2023 - Hex Trust, an institutional-grade digital asset custodian licensed across global financial hubs, has partnered with The Sandbox, a leading decentralized gaming virtual world to enable fully-licensed and highly-secure custody of assets such as LAND in The Sandbox’s metaverse.

Hex Trust has fully integrated LAND into its digital asset custody platform, Hex Safe, which provides the industry’s widest range of digital asset support, including cryptocurrencies, security tokens, and NFTs. The Sandbox has 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 innovative 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 & Co-founder of Hex Trust 

“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. As Web3 continues to grow, more brands and investors will need highly-secure solutions provided by custodians to store their assets with peace of mind in a fully-compliant manner.”

Sebastien Borget, COO and Co-Founder of The Sandbox

“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.” 

About The Sandbox

The Sandbox, a subsidiary of Animoca Brands, is one of the decentralized virtual worlds that has been fueling the recent growth of virtual real estate demand, having partnered with major brands including Warner Music Group, Ubisoft, The Rabbids, Cut the Rope, Tony Hawk, Gucci Vault, The Walking Dead, Invincible, Snoop Dogg, Adidas, Deadmau5, Steve Aoki, SM Entertainment, The Smurfs, Care Bears, and Atari. Building on existing The Sandbox IP that has more than 40 million global installs on mobile, The Sandbox metaverse offers players and creators a decentralized and intuitive platform to create immersive 3D worlds and game experiences and to safely store, trade, and monetize their creations. 

For more information, please visit www.sandbox.game and follow the regular updates on Twitter, Medium, and Discord.

About Hex Trust

Hex Trust is a fully-licensed and insured digital asset custodian. Led by veteran banking technologists and award-winning financial services experts, Hex Trust has built Hex Safe, a proprietary bank-grade platform that delivers solutions for digital asset protocols, foundations, financial institutions, and the Web3 ecosystem. Hex Trust has offices in Singapore, Hong Kong, Dubai, Italy, and Vietnam. 

For more information: visit hextrust.com or follow Hex Trust on LinkedIn, Twitter and Telegram.

More from Hex Trust
July 17, 2024
Hex Trust and Talos Integrate to Streamline Digital Asset Custody and Trading Services
Hex Trust integrates with Talos to offer seamless custody & trading for clients. The collaboration expands Hex Trust's reach & enhances trading capabilities, while providing Talos clients access to Hex Trust's custody services.
Read more
July 9, 2024
Hex Trust partners with Monad Labs - the first custodian that will offer custody support for the Monad Blockchain
Hex Trust partners with Monad Labs, the high-performance Ethereum-compatible L1 blockchain, becoming the first custodian that will offer custody services for Monad. The partnership will enhance security and provide Hex Trust clients with access to Monad's innovative tech.
Read more
June 5, 2024
Hex Trust Secures Additional VASP License from Dubai's VARA for Markets Arm
Hex Trust secures additional VASP license from VARA in Dubai, expanding its digital asset services to include Broker-Dealer, Management, and Regulated Staking, cementing its role in the MENA region's thriving crypto ecosystem.
Read more
We use cookies, including third-party cookies, to ensure that we give you the best experience on our website. By continuing to browse, you consent to the use of cookies. Learn more about cookies and how to control whether they are enabled. View our Privacy Policy for more information.
Cookie preferences