In March, the crypto markets saw a surge in institutional and governmental momentum despite underlying volatility. President Trump announced the creation of a U.S. Strategic Bitcoin Reserve, reinforcing Bitcoin’s status as a sovereign asset, while states like Kentucky and North Carolina advanced pro-crypto legislation. On the corporate front, GameStop revealed a $1.3 billion Bitcoin investment and Fidelity explored launching a stablecoin. Although markets were soft throughout the month, thanks to threats of tariffs and weaker economic data in the US, the underlying positive momentum from institutions and sovereigns in crypto continues.
For Hex Trust, March was defined by regulatory milestones, strategic appointments, and thought leadership. We received the Major Payment Institution (MPI) License from the Monetary Authority of Singapore (MAS), strengthening our position as a regulated provider of cross-border payment and Digital Payment Token services. We also welcomed Dave Chapman, Co-founder of OSL, to our Advisory Board.
Security remained a central theme, following February’s high-profile Bybit exploit. Our team released a detailed analysis of the breach, offering proactive strategies for institutions to enhance protection, unpacked further in a live AMA webinar. In collaboration with Core Ventures, we released an exclusive white paper exploring how BTC staking and Bitcoin DeFi are unlocking new yield opportunities.
CEO and co-founder, Alessio Quaglini was interviewed on CNBC Street Signs Asia, discussing Bitcoin’s growing maturity and adoption by governments as a reserve asset.
Looking ahead, April is shaping up to be a high-impact month. Hex Trust will be on the ground at major industry events. We’re also ready for the Phase-2 launch of Babylon’s Bitcoin Staking, where Hex Trust will enable secure, yield-generating opportunities for Bitcoin holders.
Read on for key updates, insights, and where to find the team in April.
Hex Trust has been granted a Major Payment Institution (MPI) License by the Monetary Authority of Singapore (MAS). This milestone enables Hex Trust to provide regulated cross-border money transfer and Digital Payment Token (DPT) services in Singapore. With the MPI license, Hex Trust now offers a fully-integrated suite of digital asset services—including custody, OTC trading, and fiat on/off ramp settlement.
Full announcement here.
Featured in: CoinDesk | crypto.news | Deal Street Asia
With a distinguished career spanning digital asset innovation, financial technology, and traditional banking, Chapman brings unparalleled expertise to guide Hex Trust’s strategic initiatives as it continues to advance the institutional adoption of digital assets.
Full announcement here.
Featured in: Fintech Finance News | Asset Servicing Times | Finews Asia
The recent ByBit hack, which led to a $1.4 billion loss, highlights the growing sophistication of cyber threats.
In our latest report, our Co-founder & CTO, Rafal Czerniawski, Chief Engineering Officer, Tommaso Natale, and Head of Custody, Giorgia Pellizzari, breakdown:
The landscape of Bitcoin yield is undergoing a transformation. As institutions look beyond simple asset holding, a new generation of yield mechanisms—powered by Bitcoin DeFi and staking—is taking shape.
In this exclusive White Paper from Core Ventures and Hex Trust, we examine the current state of Bitcoin yield, its historical evolution, and the secure, scalable solutions now available to institutional players.
Watch Alessio’s CNBC Interview
Reporting live on CNBC Street Signs Asia, Alessio discussed the currents shaping crypto markets—covering Bitcoin’s maturity, governments’ embrace of Bitcoin as a reserve asset, and its growing role in global finance. Despite market fluctuations and security challenges, the long-term outlook remains strong.
In our recent AMA webinar, we unpacked how the Bybit attack happened, the vulnerabilities of smart contract wallets, the tactics of groups like Lazarus, and best practices for securing digital assets in today’s evolving threat landscape.
Palak Agrawal from Hex Trust’s Client Management team participated in an International Women’s Day panel hosted by the Consulate General of India in Hong Kong and Macau SARs. The event celebrated accomplished diaspora women, and Palak shared her personal journey from traditional finance to digital assets, reflecting on the challenges, lessons, and opportunities she encountered in building her career in Hong Kong.
We participated in the Milken Institute Global Investors’ Symposium in Hong Kong—an exclusive gathering of global financial leaders, investors, and policymakers shaping the future of finance. As part of the program, the team joined a closed-door roundtable on “Digital Assets: Trends and Innovations Driving Future Finance.”
Hex Trust’s Mason Lee spoke at the Babylon Labs Genesis Pre-Launch Meetup in Taipei, joining Zeus Network and Apollo by Zeus for a panel on BTCFi and Bitcoin’s expanding utility.
As the #1 institutional Finality Provider during Babylon’s Bitcoin Staking Cap 3, Hex Trust looks forward to supporting Babylon’s upcoming Phase-2 launch.
Hex Trust proudly participated in Peak Race 2025, a relay-marathon dedicated to fighting modern slavery and empowering youth worldwide. Two teams from Hex Trust—Hexcelerators and HODL My Beer—took part in this impactful event, raising awareness and funds for the cause.
Hex Trust is proud to support Babylon’s upcoming Bitcoin Staking Phase-2 launch. Earn rewards by staking your Bitcoin with Babylon utilizing Hex Trust’s custody and staking infrastructure.
Following the upcoming TGE, Hex Safe clients will be able to:
As the #1 institutional Finality Provider during Babylon’s Bitcoin Staking Cap 3, Hex Trust is leading the charge in making Bitcoin a productive asset within decentralized finance.
Web3 Festival, Hong Kong, April 6 - 9
GM Monad Exhibition, April 8
Paris Blockchain Week, April 8 - 10
SEZ Dubai, 14 April
Staking Summit Dubai, April 29-30
Token 2049 Dubai, April 30 - May 1
Gas Station (E-trading) for Enterprises is live
No longer let insufficient gas block your trades; enable Gas Station today!
New Assets Supported
For further information and assistance, contact our support team at clients@hextrust.com
Hex Trust extends our warmest wishes to our clients, partners, and community who celebrated Eid. May the spirit of reflection and renewal continue to bring success and prosperity. Eid Mubarak.
— The Hex Trust Team
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