The partnership between the two will allow for fully-licensed and secure custody of digital assets.
Digital asset custodian company Hex Trust is partnering with a decentralized gaming virtual world «The Sandbox» in order to provide custody services for digital assets.
Through the partnership, institutional investors, brands, and corporations will be able to store Sandbox's so-called LAND assets with Hex Trust. Given, that, they will not need to be stored on what the companies call «online hot wallets» exposed to security and hacking risks.
In addition, Hex Trust will also provide services allowing clients to buy and sell LAND. They will also offer innovative financing solutions such as virtual mortgages and the ability to lease LAND assets.
«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,» said Alessio Quaglini, CEO and co-founder of Hex Trust.