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Hex Trust team up with Tokeny on RWA tokenization
Partnership enables institutions using HK firm’s custody services to issue and transfer tokenized real-world assets and securities
The Asset 31 Jul 2024

Digital asset custodian Hex Trust has formed a strategic partnership with Tokeny, an on-chain operating system for tokenized securities, to deliver a streamlined tokenization process for real-world assets with fortified security measures.

Through the partnership, Hong Kong-based Hex Trust’s multi-wallet architecture has been integrated into the Tokeny platform, enabling institutions already utilizing Hex Trust’s custody services to seamlessly manage their tokenized securities and securely sign operations using the same trusted wallet.

Tokeny's platform offers an intuitive white-label platform and plug-and-play APIs (application programming interfaces) that enable businesses and institutions to compliantly issue, transfer, and manage tokenized RWAs and securities. Tokeny has a fully integrated ecosystem that includes on-chain and off-chain service providers required for seamless operations.

“As large institutions embrace RWA tokenization, we’ve seen a surging demand from our clients for solutions that aggregate everything they need to operate on-chain seamlessly. Tokeny provides exactly this with a proven track record. By integrating Hex Trust's custodial wallet infrastructure into the Tokeny platform, customers can start tokenizing and managing their on-chain securities with the wallet they trust and are familiar with,” says Alessio Quaglini, co-founder and chief executive officer of Hex Trust.

Compliance and interoperability are key for tokenization projects to thrive, and Tokeny's solutions ensure this by being fully compatible with the open-source identity-based ERC-3643 permissioned token standard.

Token restrictions on investors and operations can be easily set and embedded into the token through Tokeny's token compliance setup interface or APIs. While tokens can leave the operating platform to interact with any other application by default, only qualified investors can interact with them, and custom additional rules can be applied, Hex Trust says.

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