What is Hex Trust?
Founded in 2018 and headquartered in Hong Kong, Hex Trust operates as a fully licensed digital asset custodian. The firm provides a comprehensive suite of services, including institutional-grade custody, financing, and compliance solutions tailored for banks, financial institutions, and corporations. By prioritizing risk management and regulatory adherence, Hex Trust enables its clients to integrate digital assets into their portfolios with confidence. The company's infrastructure is designed to meet the rigorous security standards expected by traditional financial entities, effectively serving as a gateway for institutional participation in the digital economy.
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 Radiant Tech Ventures, Kenetic, and QBN Capital
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
Morgan Creek Capital Management
Morgan Creek Capital Management is an asset manager that utilizes an endowment-like approach to investing, focusing on secular trends such as digital assets and innovative technology.
Animoca Brands
Animoca Brands is a Hong Kong-based software and venture capital firm that has pivoted its focus toward blockchain gaming, NFTs, and the broader digital asset ecosystem.
Liberty City Ventures
Liberty City Ventures is a New York-based investment firm that specializes in supporting early-stage entrepreneurs and startups through strategic capital deployment.
What's next for Hex Trust?
With the successful completion of this major strategic investment, Hex Trust is well-positioned to accelerate its expansion into new markets and enhance its technological capabilities. The firm is expected to focus on deepening its integration with traditional financial systems, further refining its compliance-first approach to digital asset management. As the regulatory landscape for cryptocurrencies continues to evolve globally, Hex Trust's commitment to maintaining high-level licensing and security standards will likely serve as a competitive advantage. Future initiatives will likely involve scaling its custody infrastructure to support a broader range of digital assets and exploring new financing products that cater to the evolving needs of institutional investors seeking exposure to blockchain-based financial instruments.
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