Hex Trust and The Sandbox Announce Partnership

Hex Trust and The Sandbox have partnered to offer fully licensed and highly-secure custody of metaverse assets such as LAND. The partnership will allow institutional investors, corporations, and brands to store these assets in a fully-compliant manner. Hex Trust has integrated LAND into its digital asset custody platform, Hex Safe, which provides a wide 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. Besides providing custody services for LAND, Hex Trust offers financing solutions, including leasing LAND assets and virtual mortgages.

According to Alessio Quaglini, CEO & Co-founder of Hex Trust, this partnership with The Sandbox is will provide the best-in-class custody services for assets in the metaverse to meet increasing institutional demand.

"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."

-Alessio Quaglini, CEO and Co-founder of Hex Trust

He added that 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. The company has previously built Hex Safe, a proprietary bank-grade platform that delivers solutions for digital asset protocols, foundations, financial institutions, and the Web3 ecosystem, and has offices in Singapore, Hong Kong, Dubai, Italy, and Vietnam.

Sebastien Borget, COO and Co-founder of The Sandbox, also expressed excitement at the partnership, saying that The Sandbox is 'always on the lookout to provide new ways to secure our community's digital assets'.

The integration will offer numerous benefits to the Sandbox's community, including the ability to store valuable virtual land assets in a highly secure and licensed platform, instead of storing them in online hot wallets that are exposed to security and hacking risks. The partnership will also allow The Sandbox to provide new ways to secure its community's digital assets. The Sandbox has previously 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.