A strategic partnership has been announced between Qraft Technologies, a fintech company looking to grow the asset management sector through innovations in artificial intelligence (AI) and investing, and Hex Trust, a fully-licensed and insured digital asset custodian run by seasoned banking technologists and recognised financial services professionals. In accordance with this collaboration, which was formalised by the signing of a Memorandum of Understanding (or “MoU”), Qraft will create digital asset products based on its AI-driven asset allocation models that are customised for Hex Trust’s clients.
The CEO of Qraft Technologies for APAC, Francis Oh, was ecstatic about the partnership and said, “This strategic collaboration represents a significant step forward in our mission to empower investors with AI-driven tools, helping them navigate the complex financial markets more efficiently and effectively.”
Since its inception in 2016, Qraft has amassed a remarkable track record, including the creation and administration of numerous ETFs. Over 20 international financial organisations have used their cutting-edge AI solutions. In a significant development in 2022, Qraft received a sizeable US$146 million investment from the SoftBank Group, establishing a strategic partnership to advance the use of AI in asset management.
Qraft’s cash allocation AI-powered risk model is used in the risk management solutions that are currently being developed for Hex Trust. To close the gap between traditional asset management and digital asset management, Qraft has developed this AI technology. The goal is clear: to give cryptocurrency investors the tools they need to make educated decisions and optimise their portfolios in a changing financial landscape.
On the opposite side of this alliance, Hex Trust has created Hex Safe, an institutional-grade platform designed to serve digital asset protocols, foundations, and the larger Web3 ecosystem. Hex Trust has operations all around the world, notably in Dubai, Singapore, and Hong Kong. Hex Trust’s CEO and co-founder, Alessio Quaglini, offered his viewpoint, saying that their “AI-powered risk models complement our objective of enabling efficient access to decentralised markets and unlocking ownership in decentralised markets. We hope to offer a new paradigm of investment options to the institutional investors of our clients through our combined efforts, fostering a more diverse and sustainable financial ecosystem.