The Sandbox teams with Hex Trust for licensed, secure custody of its virtual assets
Hex Belief, a regulated institutional-grade crypto-asset custodian, nowadays launched it has partnered with The Sandbox, a number one decentralized gaming digital world to enable fully-licensed and extremely-stable custody of sources such as LAND in The Sandbox’s metaverse.
The partnership sees Hex Belief fully integrate LAND into its custody platform, Hex Safe, which supports cryptocurrencies, security tokens, and NFTs. The Sandbox has added Hex Belief as an authorized companion to its itemizing list for custody companies.
“We are repeatedly looking out to supply unique ways to stable our neighborhood’s digital sources and issue peace of mind to The Sandbox’s neighborhood. After working with Hex Belief for the past few months, we’re very enraged to formally attach a partnership to extra integrate their companies into the metaverse.”
– Sebastien Borget, COO & Co-Founder of The Sandbox
This integration allows institutional merchants, manufacturers, and companies to retailer LAND sources with Hex Belief, as an different of having to retailer these priceless digital land sources in online hot wallets uncovered to security and hacking dangers.
Apart from providing custody companies for LAND, Hex Belief provides companies to purchase and promote LAND, along with financing alternatives, including leasing LAND sources and digital mortgages. Hex Belief entered The Sandbox’s metaverse in 2022 and purchased an Property within the ‘Web3 Zone’.
“Hex Belief and The Sandbox were working carefully collectively over the outdated few months following the open of our NFT custody companies support in early 2020. It’s tall to solidify our relationship with an authorized partnership, continuing to supply the finest-in-class custody companies for sources within the metaverse to meet increasing institutional ask. As web3 continues to develop, more manufacturers and merchants will need extremely-stable alternatives supplied by custodians to retailer their sources with peace of mind in a fully-compliant manner.”
– Alessio Quaglini, CEO & Co-Founder of Hex Belief
SAND is The Sandbox utility token, SAND is frail to purchase LAND, ASSETS, or to make investments in staking pools.