Managing & Using Your Account
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      2. Hex Safe v2
      3. Managing & Using Your Account

      Enterprise and Safe Account Management

      Enterprise 

      An ‘Enterprise’ refers to the contracting entity that has a contractual agreement with Hex Trust. A Know Your Business (KYB) process is performed on the aforementioned entity.

      Enterprise Approval Scheme

      The Approval Scheme is an essential mechanism for you as the client to review and approve or reject transactions and other enterprise-related requests. This ensures that you can confidently approve or reject transactions, knowing that there are no means for any third party to bypass the approval process.

      You are able to set the number of Approvers necessary for enterprise-wide requests, such as transactions and account settings. This setting involves an Approval Quorum, which is a cryptographic scheme that requires a minimum of t (threshold) approvers out of the total possible approvers n: t out of n approvers to approve the enterprise-related request. Additionally, the n mentioned above refers to the Approval Quorum Group, which is a set of all possible approvers in the group. Therefore, the number of Approvers in the group will always be equal to n. During the setup of your enterprise, you will be asked to set the Approval Quorum and Approval Quorum Group necessary for your Enterprise.

      Safe Account

      A ‘Safe Account’ is a financial account used to reporting client assets. A Safe Account is created by the Enterprise Administrator and has two classifications:

      • Digital assets - which has only one wallet type.

      Safe Account Approval Scheme

      The Approval Scheme is an essential mechanism for clients to review and approve or reject transactions and other Safe Account related requests. This ensures that you can confidently approve or reject transactions, knowing that there are no means for any third party to bypass the approval process.

      You have the ability to set the number of Approvers required for Safe Account related requests, such as transactions and account settings. This setting involves an Approval Quorum, which refers to a cryptographic scheme that requires a minimum of t (threshold) approvers out of the total possible approvers n: t out of n approvers to approve the Safe Account related request. Additionally, the n mentioned above refers to the Approval Quorum Group, which is a set of all possible approvers in the group, therefore the number of Approvers in the group will always equal to n. During the setup of your Safe Account, you will be asked to set the Approval Quorum and Approval Quorum Group necessary for your Safe Account.

      Managing your Safe Accounts

      • To request for assistance in creating, editing, freezing, or disabling Safe Accounts, please send a written request to support@hextrust.com, including the following details:

        • Name of the Hex Safe v2 Safe Account

        • Request type: Create, Edit, Freeze, or Disable

          • If you are Creating a Safe Account, please also provide:
            • Daily withdrawal limit in your preferred FIAT currency (for Singapore clients, the only available FIAT currency will be SGD)
            • Withdrawal approval scheme (i.e., the number of approvers required)
          • If you are editing a Safe Account, please also provide:
            • The new daily withdrawal limit in your preferred FIAT currency (for Singapore clients, the only available FIAT currency will be SGD)
            • The new withdrawal approval scheme

        • Short Description of Request