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Exciting news! Hex Trust, a regulated institutional-grade crypto-asset custodian, has joined forces with The Sandbox, a top decentralized gaming virtual world, to provide fully-licensed and highly-secure custody of assets such as LAND in The Sandbox’s metaverse.
This collaboration means that Hex Trust will fully integrate LAND into its custody platform, Hex Safe, which already supports cryptocurrencies, security tokens, and NFTs. Additionally, The Sandbox has recognized Hex Trust as a certified partner for custody services.
“Our goal is to always find new ways to protect our community’s digital assets and provide peace of mind to The Sandbox’s users. After months of collaboration, we are thrilled to establish a formal partnership with Hex Trust to further integrate their services into the metaverse.”
– Sebastien Borget, COO & Co-Founder of The Sandbox
This collaboration opens up the opportunity for institutional investors, brands, and corporations to store LAND assets with Hex Trust, instead of leaving these valuable virtual land assets in online hot wallets exposed to security and hacking risks.
Aside from providing custody services for LAND, Hex Trust also offers solutions for buying and selling LAND, as well as financing options such as leasing LAND assets and virtual mortgages. In fact, Hex Trust made its entry into The Sandbox’s metaverse in 2022 by purchasing an Estate in the ‘Web3 Zone’.
“Hex Trust and The Sandbox have been working closely together over the last few months, particularly following the launch of our NFT custody services back in early 2020. It’s fantastic to solidify our relationship with a certified partnership and continue to offer top-notch custody services for assets in the metaverse to meet the growing institutional demand. As web3 continues to grow, more brands and investors will require highly-secure solutions provided by custodians to store their assets with peace of mind in a fully-compliant manner.”
– Alessio Quaglini, CEO & Co-Founder of Hex Trust
SAND is The Sandbox utility token, and it is used to buy LAND, ASSETS, and to invest in staking pools.