Hong Kong based Digital Asset Custody Provider Hex Trust Secures Investment from Fintech Cyberport
Hong Kong-based digital asset custody provider
Hex Trust revealed earlier this week that it has acquired a strategic investment from
Cyberport, a local Fintech hub and digital community. The size of the investment has not been shared publicly.
The new investment should allow Hex Trust to scale its business operations, recruit new talent across Hong Kong and the wider Asian markets. The additional funding should also help with further enhancing the firm’s licensing framework to address Asia’s growing institutional demand for digital assets.
Hex Trust’s management noted that they also intend to expand operations into the European markets, where the company has entered a key partnership with SIA, the European leader in banking tech infrastructure.