Hex Trust

Hex Trust

2022

in Review

This year has been eventful for the digital asset industry to say the least. Several crypto giants have gone down, and as a community we are still navigating the knock-on effects. 

Market confidence may be at a low point, but that hasn’t stopped us from building for the future. We remain convinced of the tremendous growth potential of the blockchain industry.

We will always work towards securing the permissionless future, and commit to creating a better financial system based on the tenets of decentralization, transparency, and verifiable ownership. 

Here’s a snapshot of what we did, together with our key partners, to achieve our goals in 2022 and make the digital asset industry stronger and safer.

A year of building, innovation & growth

200+

Institutional Clients

250+

Assets supported

5+

On-chain staking offers

40+

NFT collections supported

15+

Blockchain protocols supported

170+

Total employees

6

Global offices

Raising US$88 million for our Series B funding round

Marking a significant milestone early in the year, we closed our Series B funding round back in March - led by Animoca Brands and Liberty City Ventures.

Read More ⟩

Global 24/7 support

We set up new offices around the world to offer global multi-jurisdictional support. This industry never sleeps and neither do we.

All while meeting the strictest regulatory, compliance and security standards. We do things the right way without exception.

Below are the new licenses and certifications we obtained this year which attest to our commitment:

VARA MVP License
Dubai, UAE

OAM Registration
Italy

DARE License in-principle approval
The Bahamas

SOC 2

CSA Star Level 1

Best Custody Specialist Award by The Asset

Expanding our ecosystem

Providing connectivity to top tier protocols, decentralized applications, on-chain staking solutions

Taking center stage in Singapore

TOKEN2049 in Singapore marked the official reopening of the crypto community across Asia, and was attended by over 7000 visitors and 2000 companies. 

As a fully licensed digital asset custodian based in Singapore, this provided the ideal platform to connect with institutional players, digital asset companies, DeFi projects, corporations, developers, and investors from across the world.

More Details ⟩

Breaking the news

Hex Trust was featured in the media over 150 times covering: 

Market Conditions
Regulatory Developments
Custody 3.0
Institutional Participation
DeFi connectivity
Web3 infrastructure
GameFi adoption
Restoring Confidence
Increasing Transparency

On the Front Page

On the Stage

See all panels ⟩

Highlighting why all companies need a qualified custodian

  • Asset segregation
  • Comprehensive Insurance
  • Risk Management

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Pioneering the Custody 3.0 Era

Participation in the decentralized economy

  • On-chain services
  • Universal connectivity
  • Web3 utilization

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Building for Web3

Back in 2021, Hex Trust was the first licensed digital asset custodian to cover NFTs for institutional clients. 

This year, we went deeper into the decentralized economy working with many financial institutions, corporations, and iconic fashion brands.

The UnionBank of the Philippines entered the Sandbox with the help of our digital asset custody services.

Read the piece ⟩

Supporting fashion brands entering the Metaverse

The metaverse represents one of the biggest growth opportunities over the coming years across several industries - and many iconic fashion brands have started making big moves.

What are fashion brands currently doing & what are the building blocks of an effective metaverse strategy?

Full report ⟩

Launching our Joint Venture with Animoca Brands

Meet Gryfyn, the NFT-centric wallet for Web3. 

Supported by our highly-secure digital asset wallet technology and custody infrastructure, Gryfyn makes it safer and easier for everyone to manage in-game NFTs, currencies, and other experiential activities across the open metaverse.

gryfyn.io

What’s next for Hex Trust in 2023?

We’ll be announcing product upgrades for our Hex Safe platform and expansions for HT Markets soon to include broader support for on-chain staking, wrapping, delegating, DAO governance, e-trading, escrow solutions, liquidity provision, token issuance, and more.

Watch this space. 

Watch this space. 

Together as a team, we will continue to build the trusted infrastructure that our industry needs to come back stronger, leaner and fitter.

Join us in securing the permissionless future

See Job Openings ⟩