Hex Trust, a financial institution for digital assets, and IDA, a fintech company, have announced a collaboration in stablecoin custody. This partnership aims to create secure and compliant financial solutions for digital payments.
Discussion of Hex Trust and IDA Partnership
Hex Trust will serve as the licensed custodian for IDA's stablecoin products. This partnership aims to ensure seamless transactions and regulatory compliance. Giorgia Pellizzari, Managing Director of Hex Trust, stated, "The stablecoin initiative will strengthen Hong Kong's competitive edge as a global financial hub."
Objectives of Hex Trust and IDA Collaboration
The companies plan to explore new opportunities to enhance international trade and payment efficiency. Sean Lee, Co-Founder and CSO of IDA, mentioned that this is just the beginning, as they aim to unlock global trade and commerce.
About Hex Trust and IDA
Founded in 2018, Hex Trust provides regulated digital asset custody services, while IDA develops products to bridge digital and traditional financial systems, aiming for widespread adoption of blockchain finance.
The partnership between Hex Trust and IDA opens new avenues for digital payments and stablecoins in Hong Kong, fostering further integration of innovative financial solutions.
