Tag: hex trust
Hex Trust bags virtual asset license from Dubai
Crypto-custodian Hex Trust welcomes approval for Dubai crypto-asset license
Hex Trust adds support for Polygon (MATIC) to enable licensed secure custody
ApeCoin Has Arrived
March 17, 2022 / Unchained Daily / Laura Shin Daily Bits ✍️✍️✍️ Eight members of Congress wrote to SEC chair Gary Gensler about[...]
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Crypto Custody Provider Hex Trust Raises $88 Million
Crypto Custodian Hex Trust Raises $88M in Latest Series B Funding
Hong-Kong-based institutional custody service Hex Trust has raised $88 million in a Series B funding round co-led by Animoca Brands and Liberty City Ventures. The round includes both primary capital of $61 million and secondary investment of $27 million. In addition to Animoca Brands and Liberty City Ventures, other investors to participate in the round included Ripple, Terra, BlockFi, CoinList, Wintermute, Morgan Creek, Sino Global Capital, Primavera Venture Partners among others. Prior backers, including Kenetic Capital, HashKey Capital, and Fenbushi Capital, also joined the round. With the fresh funds, Hex Trust now looks towards expanding in the Middle East and Europe in addition to scaling its current team of 100 people to around 160 by the end of this year. Series B featured in @Bloomberg "#Blockchain will become the new infrastructure of the #financialmarkets, which requires institutional players providing infrastructure for institutional investors.”https://t.co/f50XWnK8aX — Hex Trust (@Hex_Trust) March 16, 2022 The latest Series B round brings Hex Trust’s total funding valuation to date to over $100 million. The company didn’t provide a specific valuation with this round but said it’s “10 times more” than the valuation at the time of its Series A round, which was $30 million which translates to at least a $300 million valuation currently. Licensed Crypto Firm in Singapore and Hong Kong Founded in 2018, Hex Trust offers crypto custody, staking, brokerage, and financing services to institutional clients with its licenses in Hong Kong and Singapore. The company has a capital markets services license from the Monetary Authority of Singapore and is registered as a trusted company in Hong Kong. Over the past year, Hex Trust has worked on blockchain projects like Algorand, Terra, Tezos, and Celo, as well as institutions like the UnionBank of the Philippines.
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Asia-based crypto custodian Hex Trust raises USD $88M in Series B
Hex Trust, an Asia-based digital asset custodian which is fully licensed in Hong Kong and Singapore with over USD $5 billion in assets under custody, has announced that it has closed its Series B funding round of USD $88 million. This funding round was co-led by Animoca Brands and Liberty City Ventures. Participants in the […]
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Crypto custodian Hex Trust raises $88 million in Series B funding
Hex Trust, an institutional crypto custodian based in Hong Kong, has raised $88 million in a Series B funding round.
The post Crypto custodian Hex Trust raises $88 million in Series B funding appeared first on The Block.
Asia crypto custodian Hex Trust completes SOC 2 certification
Hex Trust, an Asia-based crypto-asset custodian, today announced that it has completed its SOC 2 – SOC for Service Organizations: Trust Services Criteria assessment, conducted by Deloitte. An auditing standard developed by the American Institute of Certified Public Accounts (AICPA), SOC 2 compliance affirms that Hex Trust’s information security policies, procedures, and operations meet rigorous […]
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