What is Hex Trust?
Founded in 2018 and headquartered in Hong Kong, Hex Trust is a fully licensed digital asset custodian. The firm specializes in providing institutional-grade custody, financing, and compliance solutions tailored for cryptocurrencies and digital assets. Hex Trust offers secure and scalable infrastructure designed to facilitate the integration of digital assets into the portfolios of banks, financial institutions, and corporations. The company prioritizes regulatory compliance, robust risk management, and advanced security protocols to bridge the gap between traditional finance and the burgeoning blockchain technology sector.
How much funding has Hex Trust raised?
Hex Trust has raised a total of $194M across 3 funding rounds:
Series A
$6M
Series B
$88M
Other Financing Round
$100M
Series A (2021): $6M with participation from QBN Capital, Radiant Tech Ventures, and Kenetic
Series B (2022): $88M led by Animoca Brands and Liberty City Ventures
Other Financing Round (2025): $100M supported by Morgan Creek Capital Management
Key Investors in Hex Trust
Animoca Brands
Animoca Brands is a Hong Kong-based company known for its focus on blockchain gaming and NFTs, suggesting a strategic interest in the digital asset ecosystem.
Liberty City Ventures
Liberty City Ventures is a New York-based firm that provides seed-stage investments, indicating a role in supporting early-stage growth and innovation within the digital asset sector.
Morgan Creek Capital Management
Morgan Creek Capital Management is an asset manager specializing in opportunistic investments, with a known focus on digital assets and innovative technology, aligning with Hex Trust's market.
What's next for Hex Trust?
The substantial enterprise-level funding and recent strategic investment signal Hex Trust's readiness for accelerated scaling and market expansion. This capital infusion is expected to bolster its technological infrastructure, enhance its service offerings, and potentially drive further regulatory approvals and global reach. The company's focus on institutional clients suggests a strategic push to capture a larger share of the growing digital asset market for traditional financial players.
See full Hex Trust company page
