
GCEX Extends Hex Trust Partnership to Strengthen Digital Asset Security

Digital prime broker GCEX has expanded its partnership with institutional custody provider Hex Trust to launch a new Secured Accounts service, aimed at bolstering asset protection for institutional clients in the UK and EU markets.
The move comes amid growing demand for institutional-grade security solutions in the digital assets sector, where concerns about asset safety have intensified following several high-profile custody failures in recent years. Robust security is seen as a prerequisite for increased adoption of institutional participation in digital asset trading.
The enhanced partnership will enable GCEX to utilise Hex Trust's custody infrastructure to provide segregated accounts that meet regulatory requirements across both jurisdictions. This development builds upon their existing three-year collaboration, which has focused on providing staking services across multiple networks including ETH, TIA, INJ, and DYM.
Lars Holst, CEO at GCEX
Lars Holst, CEO at GCEX, said: “Our Secured Accounts service addresses a critical need for institutional clients by providing a robust mechanism for safeguarding assets, with security as a core priority. At GCEX, we are committed to ensuring the highest level of security for our clients globally. This solution allows clients to manage their digital assets with enhanced reassurance, knowing that our clear, secure processes are in place to protect their assets and enable seamless transfers of control when needed.”
Giorgia Pellizzari, Head of Custody at Hex Trust
Giorgia Pellizzari, Head of Custody at Hex Trust, commented: "We are excited to further strengthen our partnership with GCEX to provide EU and UK institutions with a secure, compliant, and efficient solution for managing their digital assets. Our fully-licensed, bank-grade custody platform, coupled with our robust security measures, ensures that clients' assets are protected at all times."
Founded in 2018, Hex Trust serves over 270 institutional clients including banks, funds, and exchanges. The company maintains offices across key financial centres including Singapore, Hong Kong, Dubai, France and Italy.
GCEX, also established in 2018, operates under the regulatory oversight of the UK's Financial Conduct Authority and the Danish Financial Supervisory Authority. The firm recently secured a Virtual Asset Service Provider licence from Dubai's Virtual Assets Regulatory Authority, reflecting the growing importance of Middle Eastern markets in the digital asset sector.
The company offers institutional and professional clients access to digital asset CFDs and FX trading, alongside its technology solutions suite, XplorDigital, which includes 'Crypto in a Box' and 'Broker in a Box' services designed for regulated institutions entering the digital asset market.
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