SIA collaborates with fintech to provide digital asset services
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SIA collaborates with fintech to provide digital asset services 22 October 2020Milan Reporter: Maddie Saghir
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SIA has signed a partnership agreement with Hex Trust, a fintech company in the digital asset custody infrastructure for the banking sector, to provide digital asset services to European financial institutions.
This is set to enable its customers to access new investments opportunities based on blockchain technology.
SIA and Hex Trust will allow banks and financial institutions to manage and safe keep any kind of digital assets such as security and utility tokens, central bank digital currencies and stable coins created on a number of different blockchain protocols.
Additionally, the duo will offer custody services to their institutional, private banking and retail clients. The custody platform connects financial institutions to digital asset intermediaries within a secure custody framework.
Daniele Savarè, innovation and business solutions director of SIA, commented: “The collaboration with Hex Trust further strengthens our expertise and primary role in designing and delivering innovative infrastructures for the European financial community.”
“This is a critical milestone as SIA and Hex Trust join forces to make a bank-grade solution for digital assets available to European financial institutions. The partnership comes at a key inflexion point in the market where digital assets have become a reality: the banking sector is requiring a clear strategy around them and we are perfectly positioned to support this transformation,” commented Alessio Quaglini, CEO and co-founder of Hex Trust.
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