Blockchain monitoring supplier PARSIQ integrates with crypto custodian Hex Belief » CryptoNinjas


PARSIQ, a blockchain monitoring & occasion monitoring service supplier, at the moment introduced it entered into a brand new strategic partnership with Asia-based digital asset custodian, Hex Belief.

The partnership will allow PARSIQ to offer PRQ token holders with bank-level safety to maintain their property secure; whereas providing Hex Belief’s shoppers extra safety with enterprise-grade monitoring.

Listed on the OKEx alternate for the reason that starting of this yr, PARSIQ (PRQ) is a “reverse-oracle” blockchain platform that addresses the dearth of sufficient monitoring and analytics instruments within the cryptocurrency ecosystem. Customers can hold tabs on occasions throughout totally different blockchains in real-time and join these occasions to any off-chain apps and units to facilitate totally different workflows.

Final yr, the agency secured funding help beneath the USD $100 million accelerator fund provided by Binance, the world’s largest cryptocurrency alternate.

Aiming to assist propel the mass adoption of blockchain automation instruments, PARSIQ has inked a slew of offers with trusted blockchain labels since its institution in 2018. Amongst these are Algorand, Sprint, Bitfury Crystal, and AllianceBlock, and, most not too long ago, SuperFarm, Injective, PAID Community, and Chainlink.

Collaboration with Hex Belief is one other important step towards realizing the corporate’s imaginative and prescient to function a secure cryptocurrency platform that meets the strictest world regulatory necessities. It is going to permit PARSIQ to make use of Hex Belief’s proprietary safekeeping resolution “Hex Protected” for custody of PARSIQ’s treasury. As well as, shoppers will have the ability to retailer their PRQ property in Hex Belief’s custody vault.

“Onboarding an organization like Hex Belief and getting custody help for PRQ tokens provides a brand new degree of validity to PARSIQ and underlines simply how a lot safety means to us and our holders,” stated Tom Tirman, CEO of PARSIQ.

The deal is a win-win for each stakeholders. Hex Belief can leverage PARSIQ’s infrastructure for blockchain transactions and automate inner enterprise processes corresponding to notifications, deposit processing, and safety monitoring.

“We’re delighted to have been appointed PARSIQ’s custodian and supply the very best safety ranges for his or her digital property. Teaming up and integrating their transaction monitoring and automation instruments into our custody platform will present added advantages for our shoppers and enhance their general expertise,” Alessio Quaglini, Co-Founder and CEO of Hex Belief added.

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