Chelex 100 is a chelating material from Bio-Rad[1] used to purify other compounds via ion exchange.
A concentrated solution of metals is obtained by eluting the resin with a small volume of 2 M nitric acid, which protonates the iminodiacetate groups.
Chelex resin is often used for DNA extraction in preparation for polymerase chain reaction by binding to cations including Mg2+, which is an essential cofactor for DNases.
Chelex protects the sample from DNases that might remain active after the boiling and could subsequently degrade the DNA, rendering it unsuitable for PCR.
However, the heating steps do denature the double helix, and the resulting single-stranded DNA is less stable in storage.