Hex Belief, a regulated institutional-grade crypto-asset custodian, right this moment introduced it has partnered with The Sandbox, a number one decentralized gaming digital world to allow fully-licensed and highly-secure custody of belongings equivalent to LAND in The Sandbox’s metaverse.
The partnership sees Hex Belief totally combine LAND into its custody platform, Hex Protected, which helps cryptocurrencies, safety tokens, and NFTs. The Sandbox has added Hex Belief as an authorized associate to its listing checklist for custody companies.
“We’re all the time looking out to supply new methods to safe our group’s digital belongings and produce peace of thoughts to The Sandbox’s group. After working with Hex Belief for the previous few months, we’re very excited to formally set up a partnership to additional combine their companies into the metaverse.”
– Sebastien Borget, COO & Co-Founding father of The Sandbox
This integration permits institutional buyers, manufacturers, and companies to retailer LAND belongings with Hex Belief, as an alternative of getting to retailer these helpful digital land belongings in on-line sizzling wallets uncovered to safety and hacking dangers.
Moreover offering custody companies for LAND, Hex Belief gives companies to purchase and promote LAND, in addition to financing options, together with leasing LAND belongings and digital mortgages. Hex Belief entered The Sandbox’s metaverse in 2022 and bought an Property within the ‘Web3 Zone’.
“Hex Belief and The Sandbox have been working carefully collectively over the previous few months following the launch of our NFT custody companies again in early 2020. It’s nice to solidify our relationship with an authorized partnership, persevering with to supply the best-in-class custody companies for belongings within the metaverse to fulfill rising institutional demand. As web3 continues to develop, extra manufacturers and buyers will want highly-secure options offered by custodians to retailer their belongings with peace of thoughts in a fully-compliant method.”
– Alessio Quaglini, CEO & Co-Founding father of Hex Belief
SAND is The Sandbox utility token, SAND is used to purchase LAND, ASSETS, or to spend money on staking swimming pools.