Investment firm (auto-created from funding round data)
Hex Trust has raised $88.0M across 1 funding round.
Hex Trust has raised $88.0M in total across 1 funding round.
Hex Trust is a leading institutional digital asset custodian providing fully licensed, insured bank-grade custody, staking, markets services, brokerage, DeFi access, and financing solutions through its proprietary Hex Safe platform.[1][2][3][4] Headquartered in Hong Kong with offices in Singapore, Dubai, Italy, Vietnam, and France, it serves financial institutions, protocols, foundations, Web3 ecosystems, corporates, and private clients, bridging traditional finance and digital assets by enabling secure yield generation, liquidity, and portfolio management beyond mere safekeeping.[1][3][5] Its mission is to unlock ownership in decentralized markets and secure the permissionless future, with custody now comprising about one-third of revenue while staking and markets drive the rest, supported by a strong regulatory foundation including licenses for MiCA preparation and Singapore's MPI approval.[1][5]
Founded in 2018 in Hong Kong, Hex Trust quickly established itself as a pioneer in institutional digital asset custody amid rising demand for compliant infrastructure in Asia's burgeoning crypto ecosystem.[1][3] The company has raised significant capital, including a $6M Series A in March 2021 from investors like QBN Capital, Kenetic Capital, Fenbushi Capital, and HashKey Capital; an $88M Series B in March 2022 led by Animoca Brands, Liberty City Ventures, and others such as Ripple and Protocol Labs; and a strategic round in February 2027 valuing it at $100M with Morgan Creek Digital and Injective.[3] This funding fueled global expansion and service diversification, evolving from core custody to a full-service platform, including recent innovations like Bitcoin staking with Babylon Labs and an upcoming asset management arm.[1][3]
Hex Trust rides the wave of institutional adoption in digital assets, capitalizing on trends like yield generation, Bitcoin staking, and Web3 integration as "buy-and-hold" strategies yield to active management amid maturing regulations like Europe's MiCA and Singapore's frameworks.[1][4] Its timing aligns with market forces favoring compliant infrastructure—rising institutional demand for secure custody, liquidity, and DeFi tools amid volatile crypto cycles and TradFi inflows—positioning it as Asia's key bridge to the digital economy.[1][5] By enabling protocols, foundations, and investors to operate safely, it influences the ecosystem through partnerships (e.g., Babylon Labs, IDA stablecoins) and innovations that accelerate broad adoption, reducing barriers like settlement risks and fostering decentralized market growth.[1][4][6]
Hex Trust is poised to expand its asset management arm and deepen European/Singapore presence under MiCA and MPI, potentially capturing more yield-focused institutional flows as Bitcoin staking and regulated vehicles gain traction.[1] Trends like tokenized assets, RWA integration, and AI-driven risk management will shape its path, amplifying its role in a $trillion+ digital asset market. Its influence may evolve from custodian to full-service infra provider, solidifying leadership as TradFi fully embraces Web3—unlocking the permissionless future it was built to secure.[5]
Hex Trust has raised $88.0M in total across 1 funding round.
Hex Trust's investors include 5Y Capital, Animoca Brands, CVentures, IDG Capital, Sequoia Capital China.
Hex Trust has raised $88.0M across 1 funding round. Most recently, it raised $88.0M Series B in March 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Mar 1, 2022 | $88.0M Series B | 5Y Capital, Animoca Brands, CVentures, IDG Capital, Sequoia Capital China |