Hex Trust, a Hong Kong startup offering custody services for crypto assets, has seen its valuation rise 10-fold in a year to $300 million with a financing round led by Animoca Brands and Liberty City Ventures.

Hex Trust, an institutional crypto custodian based in Hong Kong, has raised $88 million in a Series B funding round.

Asia-focused crypto custody provider Hex Trust has raised $88 million in a funding round co-led by Animoca Brands and Liberty City Ventures.

Hex Trust will serve as custodian and provide financial services to gamers in Animoca Brands’ ecosystem, which includes The Sandbox, according to the press release. The services will also include banking services for NFTs and other crypto assets, the statement said.

What makes 2021’s roaring crypto market different from 2017’s are the banks and VCs piling in, writes Calvin Shen of Hex Trust. What’s behind their crypto adoption?

Hong Kong-based digital asset custodian Hex Trust has integrated enterprise-grade public blockchain network Hedera Hashgraph into its Hex Safe custody platform, the company announced today.

Crypto custodian Hex Trust has secured $10 million in fresh funding to further the market infrastructure and security of its licensed custody platform, Hex Safe.

Digital asset custodian Hex Trust has obtained a key license from the Monetary Authority of Singapore.

UnionBank of the Philippines, one of the country’s largest banks by total assets, has selected Hex Trust, a Hong Kong-based digital assets custodian, to test a crypto custody service.