PARSIQ, a blockchain monitoring and event tracking service provider, announced today that it has entered into a new strategic partnership with Asia-based custodian of digital assets, Hex Trust.
The partnership allows PARSIQ to provide PRQ token holders with bank-level security to keep their assets safe; while providing Hex Trust’s clients with additional security with enterprise-level surveillance.
PARSIQ (PRQ) has been listed on the OKEx exchange since the beginning of this year and is a ‘reverse-oracle’ blockchain platform that addresses the lack of adequate monitoring and analysis tools in the cryptocurrency ecosystem. Users can monitor events in different blockchains in real time and connect those events to off-chain apps and devices to facilitate different workflows.
Last year, the company received funding support under the $ 100 million accelerator fund offered by Binance, the world’s largest cryptocurrency exchange.
Aiming to drive mass adoption of blockchain automation tools, PARSIQ has struck a slew of deals with trusted blockchain labels since its inception in 2018. Among them are Algorand, Dash, Bitfury Crystal and AllianceBlock, and, most recently, SuperFarm, Injective, PAID Network and Chainlink.
The partnership with Hex Trust is another important step towards realizing the company’s vision to operate a secure cryptocurrency platform that meets the most stringent global regulatory requirements. It enables PARSIQ to use Hex Trust’s proprietary custody solution “Hex Safe” for safekeeping of PARSIQ’s treasury. In addition, clients can store their PRQ assets in Hex Trust’s depository.
“By hiring a company like Hex Trust and gaining custody for PRQ tokens, PARSIQ is given a new level of validity and underscores just how much security means to us and our holders,” said Tom Tirman, CEO of PARSIQ.
The deal is a win-win 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 auditing.
“We are delighted to have been appointed as the custodian of PARSIQ and provide the highest levels of security for their digital assets. By working together and integrating their transaction monitoring and automation tools into our custody platform, our customers will gain additional benefits and improve their overall experience, ”said Alessio Quaglini, Co-Founder and CEO of Hex Trust.