What is Hex Trust?
Founded in 2018 and headquartered in Hong Kong, Hex Trust is a fully licensed digital asset custodian. The company 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. Its operations are underpinned by a rigorous commitment to regulatory compliance, robust risk management, and advanced security protocols, effectively bridging the gap between traditional finance and the burgeoning blockchain technology sector. The company's focus on these critical areas makes it a key player in the digital asset infrastructure space.
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
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 broader digital asset ecosystem and its applications.
Liberty City Ventures
Liberty City Ventures is a New York-based firm that specializes in providing seed-stage investments, indicating a potential early-stage belief in Hex Trust's foundational technology and market approach.
Morgan Creek Capital Management
Morgan Creek Capital Management is an asset manager with a thematic investment focus, including digital assets, suggesting a strategic alignment with Hex Trust's mission to serve institutional clients in the digital asset space.
What's next for Hex Trust?
With substantial enterprise-level backing, Hex Trust is poised for significant scaling and innovation. The recent strategic investment suggests a focus on expanding its service offerings, potentially enhancing its custody solutions, developing new financing products for digital assets, or broadening its regulatory compliance frameworks. This capital infusion will likely enable Hex Trust to strengthen its market position, attract new institutional clients, and further solidify its role as a trusted partner in the digital asset ecosystem. The company's continued emphasis on security and compliance will be paramount as it navigates the complexities of the global digital asset market and pursues further growth opportunities.
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