Join Our Mailing List
Friday June 09, 2023
Bitcoin (BTC) $26,455.09   Ethereum (ETH) $1,835.03
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Blockchain Assets

Crypto custodian Hex Trust gets investment from Hong Kong government digital hub

The Hex Trust platform — Hex Safe - provides a compliance-focused custody infrastructure, deployment flexibility, and seamless integration with third-party service providers in the ecosystem...

Published by CryptoNinjas.net
06/30/2021
Crypto custodian Hex Trust gets investment from Hong Kong government digital hub

Hex Trust, a crypto and blockchain asset custodian headquartered in Asia, has announced it has successfully secured investment from Cyberport, Hong Kong’s largest FinTech hub and innovative digital community, which is wholly owned by the Hong Kong SAR Government.

The investment enables Hex Trust to scale operations, hire key talents across Hong Kong and Asia, and enhance its licensing framework. Hex Trust is also planning to expand into the European market; where it has already closed a partnership with SIA, a European provider of banking technology infrastructure. Besides, Hex Trust will continue enhancing its proprietary platform, Hex Safe, which offers custody and treasury management services for cryptocurrencies, security tokens, and non-fungible tokens (NFTs).

Cyberport

As the digital hub of Hong Kong, Cyberport is a vibrant innovation and technology ecosystem with over 1,650 start-ups and technology companies. It is managed by Hong Kong Cyberport Management Company Limited, which is wholly owned by the Hong Kong SAR Government.

FinTech is one of Cyberport’s key focuses and it is now home to the largest FinTech community in Hong Kong. As a recent alumnus of the Cyberport Incubation Programme, Hex Trust joined the Cyberport community in 2019 and has been provided with a comprehensive range of support including financial assistance, a variety of business and professional services, as well as investment opportunities.

“The investment from Cyberport is a great vote of confidence given their track record in backing and developing major unicorns within the industry. Blockchain-based assets are growing in importance with financial institutions mobilizing themselves as blockchain establishes itself as the next financial markets’ infrastructure. Hex Trust will play a leading role in this space, enabling digital assets’ adoption for a broad range of regulated financial institutions.”
– Alessio Quaglini, CEO & Co-Founder of Hex Trust

Hex Trust

Established in Hong Kong in 2018, Hex Trust is led by veteran banking technologists Alessio Quaglini, Rafal Czerniawski, and other financial services experts. Hex Trust has already established itself as the leading digital asset custodian in Asia and has a range of banks, financial institutions, and digital asset companies as clients. Hex Trust recently won a ‘Best Custody Specialist, Digital Assets’ award in ‘The Asset Triple A Sustainable Investing Awards for Institutional Investor, ETF, and Asset Servicing Providers’.

“As an outstanding digital asset management company, Hex Trust is well-positioned in a promising sector of Hong Kong’s world-class financial services industry. Through investing into Hex Trust, the Cyberport Macro Fund has helped attract co-investments from professional investors, thus supporting this high potential start-up to further accelerate its business development.”
– Dr. George Lam, Chairman of Cyberport

Cyberport’s investment follows the successful closure of Hex Trust’s Series A in late March, during which they raised USD $6 million from a range of leading global investors, including QBN Capital, Cell Rising, Radiant Tech Ventures, Kenetic Capital, HashKey, MD Labs, Fenbushi Capital, Borderless Capital, Genesis Block Ventures and Henri Arslanian. Hex Trust is now perfectly positioned to accelerate its growth and to strengthen its credibility in enabling banks and financial institutions to adopt digital assets.

111
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram
Source: hextrust.com

Related News

What is DeFi Returns? A new way of DeFi Investing

06/08/2023
What is DeFi Returns?  A new way of DeFi Investing

DeFi Returns brings comprehensive up-to-date information on DeFi strategies and protocols, to easily compare and analyze their performance. Getting the most reliable data source for historical yield on DeFi, to help users make informed...

Read more

RockX broadens suite with launch of new ether (ETH) native staking solution

05/23/2023
RockX broadens suite with launch of new ether (ETH) native staking solution

RockX, an Asia-based institutional-grade staking services provider, announced today the broadening of its staking product suite with the addition of a new ether (ETH) native staking solution. This latest offering strengthens RockX's position as a...

Read more

The Sandbox teams with Hex Trust for licensed, secure custody of its virtual assets

05/10/2023
The Sandbox teams with Hex Trust to enable licensed and secure custody of its virtual assets

Hex Trust, a regulated institutional-grade crypto-asset custodian, today announced it has partnered with The Sandbox, a leading decentralized gaming virtual world to enable fully-licensed and highly-secure custody of assets such as LAND in The Sandbox’s metaverse....

Read more

CoinFlip launches new self-custodial cryptocurrency wallet platform ‘Olliv’

04/28/2023
CoinFlip launches new self-custodial cryptocurrency wallet platform 'Olliv'

CoinFlip, a bitcoin ATM and crypto services company, announced today a new offering with the launch of 'Olliv,' a self-custody-powered crypto platform. The Olliv platform provides a frictionless way to buy, sell, send, receive,...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
What is DeFi Returns?  A new way of DeFi Investing

What is DeFi Returns? A new way of DeFi Investing

06/08/2023
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
A Beginner’s Guide To Forex Demo Account

A Beginner’s Guide To Forex Demo Account

06/07/2023
RockX broadens suite with launch of new ether (ETH) native staking solution

RockX broadens suite with launch of new ether (ETH) native staking solution

05/23/2023
What is DeFi Returns?  A new way of DeFi Investing

What is DeFi Returns? A new way of DeFi Investing

06/08/2023
RockX broadens suite with launch of new ether (ETH) native staking solution

RockX broadens suite with launch of new ether (ETH) native staking solution

05/23/2023
The Sandbox teams with Hex Trust to enable licensed and secure custody of its virtual assets

The Sandbox teams with Hex Trust for licensed, secure custody of its virtual assets

05/10/2023
CoinFlip launches new self-custodial cryptocurrency wallet platform 'Olliv'

CoinFlip launches new self-custodial cryptocurrency wallet platform ‘Olliv’

04/28/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy