Cryptocurrency custodian Hex Trust completed a $10 million financing led by Animoca Brands »CryptoNinjas


Hex Trust, a licensed and insured company headquartered in Asia Crypto Asset Custody Provider, Announced that it has raised $10 million in a round of investment led by Animoca Brands, a company focused on digital entertainment, blockchain, and gamification.

Other investors include Ripple Labs, Algorand Foundation, BCW Group, Tessera Capital Partners, Mind Fund, Double Peak Group and Token Bay Capital. Several investors in the $6 million Series A financing completed earlier this year also participated, including QBN Capital, Kenetic Capital, MANTRA DAO, Borderless Capital, Radiant Tech Ventures, and Cell Rising Capital.

Capital deployment

Following the recent capital market services (CMS) license granted by the Monetary Authority of Singapore (MAS), Hex Trust will use this funding to obtain the funds in accordance with its strategy of implementing compliance standards and working closely with regulators in multiple jurisdictions. New license.

In addition, Hex Trust plans to further strengthen the institutional-level market infrastructure and complex security framework to support it through its proprietary custody and other value-added services. Bank-grade platform Hex Safe, And establish himself as the custodian of the NFT space.

The new funding will also enable the company to expand its operations in Singapore and Vietnam offices and establish operations in Europe and the Middle East.

“Now is the best time to invest in expanding operations, recruiting key talent, and building top-notch infrastructure to seize opportunities in this fast-growing and growing market.”
– Alessio Quaglini, CEO and co-founder of Hex Trust

As a pioneer in integrating entertainment and entertainment Gamification using blockchain technologyAnimoca Brands will serve as a strategic partner of Hex Trust because the custodian will launch services covering the NFT market.

“We regard Hex Trust as a trusted partner of institutional investors and digital asset companies, providing the full range of services required to operate in this dynamic market in a safe and compliant manner.”
– Xiao Yi, Chairman and Co-founder of Animoca Brands

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