Hex Trust, a Asian crypto asset custodianAnd Animoca Brands, Blockchain gamification platform provider, Today announced that they have established a joint venture to provide institutional cryptocurrency wallets and financial services to online gamers.

In the cooperation, Hex Trust will provide its secure digital asset wallet technology and custody infrastructure to seamlessly connect with Animoca Brands’ blockchain-based games to support the development of the ever-expanding GameFi ecosystem.

As a fully licensed financial institution, Hex Trust adopts a comprehensive compliance priority approach and has licenses in Hong Kong and Singapore. As the custodian, Hex Trust will use its financial institution infrastructure to provide financial services to gamers in the Animoca Brands ecosystem, including banking services for NFTs and other encrypted assets.

Animoca Brands has become a leader in the following fields Blockchain game And is recognized as one of the most important supporters of the Open Meta Festival. Its game portfolio includes various games based on encrypted assets, including fungible utility tokens and non-fungible tokens (NFT).

These games include sandbox, Arc 8 Platform, REVV racing, F1 Delta time, MotoGP Ignition, Formula E: High pressure and the upcoming phantom galaxy. Animoca Brands has more than 100 investment portfolios in blockchain companies, including industry leaders such as Sky Mavis (Axie Infinity), Dapper Labs (CryptoKitties and NBA Top Shot) and OpenSea.

One of the most important issues facing the blockchain gaming industry today is the lack of online wallet solutions that can conveniently and securely store user game-based encrypted tokens while providing access to financial services. Hex Trust and Animoca Brands are collaborating to solve this problem and are seeking opportunities to capitalize on billions of dollars.

Blockchain-based gaming money-making games such as Axie Infinity and The Sandbox are becoming mainstream, with millions of daily active users and accumulated transactions worth billions of dollars. One of the driving factors behind the growth of GameFi games is that these games enable users to own and benefit from their game content.