PARSIQ, a blockchain monitoring and event tracking service provider, announced today that it has entered into a new strategic partnership with the Asia-based digital asset custodian Hex Trust.
Through the partnership, PARSIQ can provide PRQ token holders with bank-level security to protect their assets. At the same time, they provide Hex Trust customers with additional security through corporate-level monitoring.
Listed on the OKEx exchange since the beginning of this year, PARSIQ (PRQ) is a blockchain platform that addresses the lack of suitable monitoring and analysis tools in the cryptocurrency ecosystem. Users can monitor events in different blockchains in real time and connect these events to apps and devices off the chain to enable different workflows.
Last year, the company secured funding backing from the $ 100 million accelerator fund offered by Binance, the world’s largest cryptocurrency exchange.
PARSIQ has signed a number of contracts with trusted blockchain labels since its inception in 2018 to drive the mass adoption of blockchain automation tools. These include Algorand, Dash, Bitfury Crystal and AllianceBlock and most recently SuperFarm, Injective, PAID Network and Chainlink.
Working with Hex Trust is another important step in realizing the company’s vision of operating a secure cryptocurrency platform that meets the strictest global regulatory requirements. This means that PARSIQ can use the proprietary storage solution “Hex Safe” from Hex Trust for the safekeeping of the PARSIQ treasury. In addition, customers can store their PRQ assets in the Hex Trust depot.
“The involvement of a company like Hex Trust and the support in the storage of PRQ tokens give PARSIQ a new level of validity and underline how much security means for us and our owners,” said Tom Tirman, CEO of PARSIQ.
The deal is a win-win situation for both stakeholders. Hex Trust can use PARSIQ’s infrastructure for blockchain transactions and automate internal business processes such as notifications, deposit processing and security monitoring.
“We are delighted that we have been named PARSIQ’s custodian and that we offer the highest levels of security for your digital assets. Bringing together and integrating the tools for transaction monitoring and automation into our custody account platform offers our customers additional benefits and improves their overall experience, ”said Alessio Quaglini, co-founder and CEO of Hex Trust added.