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 secure custody, financing, and compliance infrastructure tailored for institutional clients. By focusing on risk management and regulatory adherence, Hex Trust enables financial institutions to integrate digital assets into their portfolios with confidence. The company's platform is designed to be scalable, addressing the specific security requirements of banks and large-scale corporations that demand institutional-grade reliability in an increasingly volatile digital asset market.
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 Liberty City Ventures and Animoca Brands
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, specializing in targeting opportunistic-focused investments. The firm is a thematic investor focusing on important secular trends such as innovative technology and digital assets.
Liberty City Ventures
Liberty City Ventures is a New York-based firm that focuses on providing seed stage investments to issuers and entrepreneurs. The company aims to support innovative startups in their early stages of development.
Animoca Brands
Animoca Brands Corporation Ltd is a Hong Kong-based game software and venture capital company that has shifted its focus toward blockchain gaming and NFT infrastructure.
What's next for Hex Trust?
With the successful completion of this major strategic investment, Hex Trust is well-positioned to accelerate its global expansion and enhance its technological infrastructure. The firm is expected to prioritize the development of new compliance tools and cross-chain interoperability features, which are essential for the next wave of institutional adoption. As the regulatory environment for digital assets matures, Hex Trust's focus on security and licensing will likely serve as a competitive moat, allowing the company to capture a larger share of the enterprise market. Future growth will likely involve deepening partnerships with traditional financial institutions and expanding its footprint in key regulatory jurisdictions to ensure seamless service delivery for its global client base.
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