Hex Trust, the operator of the encrypted asset custody platform Hex Safe, announced that it has joined the tzBTC ecosystem as a key holder. tzBTC allows
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.
Hex Trust Partners With Chainalysis To Provide A Compliance-Focused Custody Solution For Financial Institutions Date
14/05/2021
Hex Trust, the leading digital asset custodian for the banking sector, today announced its partnership with Chainalysis, the blockchain analysis company. Hex Trust will adopt Chainalysis KYT (Know Your Transaction), the compliance solution, for real-time transaction monitoring, and Chainalysis Reactor, the investigative tool, for enhanced due diligence. This collaboration will enable Hex Trust to add an additional layer to its already robust compliance features for its proprietary platform, Hex Safe™, providing financial institutions peace of mind for their digital asset transactions.
Over the last year, cryptocurrency has become a more mainstream asset class, with an inflow of institutional dollars driving Bitcoin and other cryptocurrencies to record prices. Forward-thinking banks are increasingly giving customers direct access to cryptocurr
Digital Asset Custody Provider Hex Trust Finalizes $6M Round led by QBN Capital
Hong Kong-headquartered crypto-asset custody service provider
Hex Trust reveals that it has secured $6 million in capital via a Series A round that was led by
QBN Capital.
As part of its latest investment round, Hex Trust also received contributions from Cell Rising, Radiant Tech Ventures, Kenetic Capital, HashKey, MD Labs, Fenbushi Capital, Borderless Capital, Genesis Block Ventures and Henri Arslanian.
Hex Trust’s management noted that the funds raised would allow it to further scale its business operations while being able to recruit new talent to work at its Hong Kong and Singapore offices.