In some sense, custodians must be trusted in the BTC Proxy framework, as assets could be stolen; or not honor the one-to-one backing. However, the framework aims to minimize this trust in a few ways.
Comprehensive Crime Insurance - Hex Trust will maintain commercial Criminal Insurance  to further safe keep our client assets. Aon will arrange insurance coverage via a select group of international insurers.
Inclusions - The insurance is a proprietary Aon solution and covers theft of digital assets via dishonest employee(s) or third parties, held by Hex Trust on behalf of their clients.
Covering Cold and Frozen Wallets - Our insurance coverage covers our Cold and Frozen Wallet solutions.