Hex Trust raises USD88m

Hex Trust, an Asia-based digital asset custodian with >USD5bn AuC, has closed its Series B funding round of USD88m. The funding round was co-led by Animoca Brands and Liberty City Ventures. The new funding will be used to expand in Europe and the Middle East, obtain additional licences, continue development and innovation, and enhance new business services such as financing and structured solutions. Currently, Hex Trust has over 100 employees across offices in Hong Kong, Singapore, and Vietnam.

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