Hex Trust is a fully-licensed and insured digital asset custodian that provides bank-grade infrastructure and services for the Web3 ecosystem. Its mission is to bridge the gap between traditional finance and the digital asset economy by providing a secure and compliant platform for institutional investors.
The company offers a comprehensive suite of services built around its proprietary platform, Hex Safe. This includes institutional-grade custody for a wide range of digital assets, including cryptocurrencies, security tokens, and NFTs. In addition to custody, Hex Trust provides staking services, DeFi access, and brokerage and financing solutions. This integrated approach allows their clients, which include financial institutions, asset managers, and Web3 projects, to securely manage and grow their digital asset portfolios.
The Hex Safe platform supports HBAR and all tokens issued on the Hedera Token Service (HTS), making it an official custodian for the Hedera ecosystem. This partnership enables institutional clients to securely hold and stake HBAR, as well as to custody and manage HTS-based tokens. Hex Trust also serves as a strategic custodian for TOKO, a tokenization engine built on Hedera in collaboration with DLA Piper.
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Related Projects
Bonzo Finance is an open-source, non-custodial lending and borrowing protocol built on the Hedera network. It is a fork of the popular Aave v2 protocol and is designed to serve as "The Liquidity Layer" for the Hedera DeFi ecosystem.
The core of Bonzo Finance's service is its decentralized platform that allows users to lend and borrow a variety of cryptocurrencies, with a focus on HBAR, native USDC, and other Hedera ecosystem assets. Users supply crypto to the protocol to earn interest, provide liquidity, and as collateral for loans.
Bonzo Finance also offers "flash loans," which are uncollateralized loans that must be repaid within a single transaction. It has its own governance token, $BONZO.
Bonzo Finance is built on the Hedera Smart Contract Service, and it is designed to be fully compatible with the Hedera Token Service (HTS). It also utilizes the Hedera Consensus Service (HCS) for its verifiable points and rewards program.
Magic is a Wallet-as-a-Service (WaaS) platform that provides developers with tools to streamline user onboarding for decentralized applications, including those built on the Hedera network. The platform's core offering is an SDK that enables seamless authentication and the instant creation of non-custodial wallets for end-users, bypassing many of the traditional complexities of Web3.
For the Hedera ecosystem, Magic allows dApp developers to offer familiar Web2 login methods, such as email or social accounts, instead of requiring users to manage seed phrases or install separate browser-extension wallets. When a user logs into a Magic-enabled Hedera dApp, a secure, Hedera-compatible wallet is automatically generated for them in the background. This wallet is fully capable of interacting with the Hedera network, allowing the user to sign transactions, manage HBAR and HTS tokens, and engage with smart contracts.
The underlying technology uses a delegated key management system, where private keys are encrypted and stored in secure hardware modules, ensuring users retain full control and ownership of their assets without the burden of direct key management.
SaucerSwap is a decentralized exchange (DEX) and automated market maker (AMM) protocol built on the Hedera blockchain network. It provides permissionless swapping services for Hedera Token Service (HTS) tokens.
The platform allows users to trade between Hedera-based assets and enables users to become liquidity providers by depositing HTS tokens into liquidity pools where they earn a share of the trading fees generated by those pools. Additionally, it offers yield farming programs which allow liquidity providers to stake LP tokens for further rewards.
SaucerSwap has its own native asset, the SAUCE token, which is used for platform governance through a decentralized autonomous organization (DAO) as well as for staking and incentivizing liquidity. The platform aims to be a foundational component of the DeFi landscape on Hedera by providing essential infrastructure for token exchange and liquidity services to the network's users and developers. It also prioritizes user and network security through decentralized management and third-party security audits for smart contracts.
Hedera Coinflip is a decentralized application (dApp) built on the Hedera network that offers a simple, "double or nothing" style betting game. Users can wager HBAR for a 50/50 chance to double their bet. The platform's core value proposition lies in its commitment to transparency and fairness, which is achieved through its unique use of the Hedera Consensus Service (HCS).
The fairness of each flip is guaranteed by a provably fair mechanism that prevents manipulation by either the player or the platform operator. When a user initiates a flip, a combination of a server-provided seed and a client-provided seed is submitted to the Hedera network via HCS. The immutable and unpredictable consensus timestamp assigned to this transaction by the decentralized network is then used to determine the outcome. Because this timestamp cannot be influenced or known in advance, the result of the coin flip is truly random and publicly verifiable.
A small percentage of each wager contributes to a progressive jackpot, which can be won by players who achieve a specific, consecutive number of wins. This jackpot serves as the platform's primary revenue model while also creating an exciting, high-reward target for dedicated players.