Hex Trust, an Asia-based licensed and insured provider of custody for crypto-assets, announced it has raised USD $10 million in an investment round led by Animoca Brands, a company specializing in 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 of the USD $6 million Series A round closed earlier this year also participated, including QBN Capital, Kenetic Capital, MANTRA DAO, Borderless Capital, Radiant Tech Ventures, and Cell Rising Capital.
Next to the Capital Markets Services (CMS) license recently granted by the Monetary Authority of Singapore (MAS), Hex Trust will use the capital to secure new licenses in line with its strategy to implement compliance standards and work closely with regulatory bodies across multiple jurisdictions.
Further, Hex Trust plans to further the institutional-grade market infrastructure and sophisticated security frameworks underpinning the custody and other value-added services it provides through its proprietary bank-grade platform Hex Safe, and establish itself as a custodian in the NFT space.
The fresh capital will also enable the company to expand its operations across the Singapore and Vietnam offices, as well as establish its footprint in Europe and the Middle East.
“It is the perfect time to invest in scaling operations, hiring key talent, and building top-tier infrastructure to seize the opportunities in this rapidly evolving and growing market.”
– Alessio Quaglini, CEO & Co-Founder of Hex Trust
As a pioneer integrating entertainment and gamification with blockchain technologies, Animoca Brands will act as a strategic partner to Hex Trust as the custodian rolls out services covering the NFT market.
“We view Hex Trust as a trusted partner to institutional investors and digital asset companies, offering the full range of services required to operate in this dynamic market in a safe and compliant manner.”
– Yat Siu, Chairman & Co-Founder of Animoca Brands
Hex Belief, an Asia-based licensed and insured supplier of custody for crypto-assets, introduced it has raised USD $10 million in an funding spherical led by Animoca Manufacturers, an organization specializing in digital leisure, blockchain, and gamification.
Different traders embody Ripple Labs, Algorand Basis, BCW Group, Tessera Capital Companions, Thoughts Fund, Double Peak Group, and Token Bay Capital. A number of traders of the USD $6 million Collection A spherical closed earlier this yr additionally participated, together with QBN Capital, Kenetic Capital, MANTRA DAO, Borderless Capital, Radiant Tech Ventures, and Cell Rising Capital.
Subsequent to the Capital Markets Companies (CMS) license just lately granted by the Financial Authority of Singapore (MAS), Hex Belief will use the capital to safe new licenses in keeping with its technique to implement compliance requirements and work intently with regulatory our bodies throughout a number of jurisdictions.
Additional, Hex Belief plans to additional the institutional-grade market infrastructure and complex safety frameworks underpinning the custody and different value-added providers it supplies by means of its proprietary bank-grade platform Hex Protected, and set up itself as a custodian within the NFT area.
The recent capital may also allow the corporate to increase its operations throughout the Singapore and Vietnam places of work, in addition to set up its footprint in Europe and the Center East.
“It’s the excellent time to put money into scaling operations, hiring key expertise, and constructing top-tier infrastructure to grab the alternatives on this quickly evolving and rising market.”
– Alessio Quaglini, CEO & Co-Founding father of Hex Belief
As a pioneer integrating leisure and gamification with blockchain applied sciences, Animoca Manufacturers will act as a strategic accomplice to Hex Belief because the custodian rolls out providers overlaying the NFT market.
“We view Hex Belief as a trusted accomplice to institutional traders and digital asset firms, providing the complete vary of providers required to function on this dynamic market in a secure and compliant method.”
– Yat Siu, Chairman & Co-Founding father of Animoca Manufacturers