Blockchain
Hex Trust Receives Strategic Investment From Leading Asia Blockchain Firm, Kenetic
Hex Trust, Asia’s leading digital asset custodian and infrastructure platform for the banking sector, has announced that Kenetic, one of Asia’s leading blockchain investment firms, has invested in Hex Trust. Jehan Chu, Co-founder & Managing Partner of Kenetic, will also join Hex Trust’s Board of Directors.
The funding will be used to enhance the bank-grade infrastructure platform and position Hex Trust to scale as Asia’s leading digital asset custodian and the leading turnkey solution for banks and financial institutions to enter the digital asset ecosystem.
The fully licensed and insured platform, Hex Safe, provides compliance-focused custody designed to meet the rigorous requirements of highly regulated financial institutions. Hex Safe has been developed with an integration layer which seamlessly connects with third-party platforms in the industry such as exchanges, OTCs, lending and staking platforms.
Hex Trust has secured three milestone banking clients in Asia and Europe along with clients in the digital asset ecosystem such as exchanges, investment funds and family offices. Notable partnerships include a global partnership with IBM and R3, as the first custodian to integrate Corda.
Hex Trust has assembled a world-class team of veteran technologists and banking experts. The 25+ person team has substantial experience and previously built institutional technology platforms and securities businesses for the likes of HSBC, Standard Chartered, CLSA, and Bloomberg. Key Hex Trust team members include Ex-HSBC Global Head of Custody, Ex-CEO Standard Chartered Japan, Ex-COO Credit Suisse APAC, and Ex-CIO & Ex-CTO of CLSA.
Kenetic is an early pioneer of digital asset investments and one of the leading blockchain-focused investment firms in Asia. With extensive experience in the digital asset space and investments in over 130 leading blockchain companies globally, Kenetic is a key pillar of Asia’s blockchain industry.
Jehan Chu, Co-founder & Managing Partner of Kenetic
Jehan Chu has been a pioneer in the digital asset space in Asia since 2013. He founded the Ethereum Hong Kong meetup in 2014, is the Founding co-Chairman of the Fintech Association of Hong Kong Blockchain Committee, Regional Head of the Interwork Alliance, co-Founder of Social Alpha Foundation, and a Kauffman Fellow. Jehan joins the Board of Directors to bring his industry knowledge and network to help Hex Trust scale its enterprise adoption.
Jehan commented: “We are thrilled to join Hex Trust on their mission to bring banks and financial institutions into the digital asset age. Digital assets will transform capital markets and facilitate the greatest economic expansion the world has seen in a century, and we believe experienced teams like Hex Trust are positioned to capture the Asian Market.”
Alessio Quaglini, Co-founder & CEO of Hex Trust commented: “The key to success for Hex Trust is a combination of knowledge and experience in both traditional finance and the digital assets space. Jehan brings to Hex Trust invaluable expertise and an extensive network to connect Hex Trust with the key players and biggest projects in the digital asset ecosystem. The investment from Kenetic and the active participation of Jehan arrives in an important moment during our growth phase at Hex Trust, as we integrate additional services, onboard new clients and expand geographically.”
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
Blockchain
CoreNest Capital Announces Strategic Investments in SpaceX, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, and Study Dojo
OpenAI, xAI, SpaceX, Weave Robotics, Blaze Payments, Domu AI, Phonely AI, Andromeda Surgical, Texture Capital, Artisan AI, Piramidal,Avatar Medical, OpenCall, Fleak AI, Algorized, itsElectric, Dili, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, Study Dojo, Sologenic, Coreum, Pulsara
Blockchain
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