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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. ....
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. ....