Hex Safe

Hex Safe is a platform designed by Hex Trust to secure and manage digital assets. According to the vendor, it is specifically tailored to meet the requirements of institutional clients, including financial institutions, asset managers, hedge funds, family offices, and cryptocurrency exchanges. Hex Safe offers a range of features aimed at providing professionals in these industries with the necessary tools and capabilities to securely store, manage, and transact digital assets while ensuring compliance with regulatory standards.

Key Features

Auditability: Hex Safe allows for independently auditable records through on-chain segregation of assets, providing transparency and accountability for asset management. According to the vendor, this feature helps meet regulatory requirements for audits and compliance.

Sub-Accounts: Hex Safe offers a flexible sub-account and wallet structure, enabling a high level of security while facilitating easy management and organization of digital assets. Users are said to have full transparency and control over asset allocation.

Bank-grade Workflows: Hex Safe's segregation of roles and responsibilities aims to eliminate single points of failure, ensuring robust governance and security in asset management processes. The vendor states that this feature reduces the risk of unauthorized access or misuse of assets.

Multi-wallet Infrastructure: Hex Safe provides cold and warm wallets for flexible configuration based on specific requirements. The separation of assets in different wallets is claimed to enhance security and facilitate efficient management of different types of digital assets.

Transaction Policies: Hex Safe allows for allocated transaction rules across users, wallets, transactions, and hierarchical roles, providing precise control and customization of transaction processes. According to the vendor, this feature helps enforce compliance and prevent unauthorized transactions.

Integrated Compliance: Hex Safe incorporates compliance capabilities, including analytics tools and processes, to ensure all-time compliance. The vendor claims it supports address whitelisting, quarantine, proof of ownership, origin of funds verification, and customizable risk scoring.

Connectivity Interfaces: Hex Safe provides full custody and settlement APIs as well as SWIFT/FIX interface for seamless integrations. According to the vendor, this feature enables easy integration with existing systems and infrastructure, facilitating efficient and secure transfer of digital assets.

Market-leading Security: Hex Safe utilizes IBM LinuxOne Hardware Secure Module (HSM) with FIPS 140-2 Level 4 Certification, offering robust physical and cryptographic security measures. The vendor claims it provides a high level of protection against unauthorized access and data breaches.

Access Time: Hex Safe offers different access time options based on security requirements, ranging from near-instant access to a few hours for enhanced security measures. According to the vendor, this feature allows for flexibility in balancing speed and security in accessing digital assets.

Security Features: Hex Safe ensures secure access with zerokey security, distributed shared secrets, and m/n authorization scheme. The vendor claims that with multi-authorization and offline cold storage, this feature provides enhanced security with no keys stored on a server.