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Hex Trust
Hex Trust is a licensed digital asset custodian offering custody, staking, and institutional crypto services.
Company Info
Hex Trust is an authorized and licensed digital asset financial institution offering custodial services, staking, over-the-counter trading, and blockchain solutions for businesses. The company was founded in 2018 and has evolved to become a market leader in institutional-grade digital asset security within Asia, the Middle East, and the global crypto space. Hex Trust is specifically designed for institutions, including hedge funds, banks, blockchain foundations, asset managers, family offices, fintech companies, and web3 firms interested in secure access to the world of digital assets. This platform merges regulatory-compliant custody infrastructure with blockchain services like staking, tokenization, wallet infrastructure, payment APIs, and decentralized finance solutions.
Key Features of Hex Trust
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- It operates under multiple global regulatory frameworks, including MAS Singapore, VARA Dubai, and Hong Kon TCSP authorization.
- Provides over-the-counter trading, lending, fiat ramping, treasury management, and liquidity solutions for institutions.
- Operates with multi-layer security features that include HSM FIPS 140-3 Level 3 infrastructure, air-gapped key management, and 24/7 surveillance.
- Provides compliance-focused institutional staking solutions for Ethereum, Solana, Injective, and Algorand, among others.
- Operates on major blockchain networks including Bitcoin, Ethereum, Solana, Polygon, Avalanche, Hedera, and Cosmos.
- It operates under multiple global regulatory frameworks, including MAS Singapore, VARA Dubai, and Hong Kon TCSP authorization.
Hex Trust Miestones
| Year | Achievements |
| 2018 | Hex Trust was founded in Hong Kong by Alessio Quaglini and Calvin Shen with a focus on institutional-grade digital asset custody. |
| 2019 | Hex Trust secured a Trust Company License in Hong Kong. |
| Partnered with IBM to strengthen the security architecture of its custody platform, Hex Safe, and enabled institutional asset trading through TradAir. | |
| 2020 | Hex Trust became the first digital asset custodian in Hong Kong to integrate with R3’s DLT-based Corda platform for banking. |
| The company launched prime brokerage services and partnered with major financial firms such as SIA. | |
| 2021 | Hex Trust closed a $6 million Series A funding round. |
| Launched NFT Safe, becoming the first licensed global custodian to offer bank-grade custody solutions for NFTs. | |
| 2022 | The company expanded into the Middle East after receiving a Provisional Virtual Asset License from the Virtual Asset Regulatory Authority (VARA) in Dubai. |
| 2023 | Hex Trust expanded across Asia and Europe, building its presence in France and Italy. |
| Increased its research into tokenized real-world assets (RWAs) and central bank digital currencies (CBDCs). | |
| 2024 | Hex Trust launched its Institutional Electronic Trading Platform and introduced the Staking Partner Program with partners like Kiln and Chorus One. |
| Collaborated with Clearpool to launch Ozean, an RWA yield blockchain, and integrated with networks such as Monad and Stacks. | |
| 2025 | Hex Trust secured a strategic funding round led by Morgan Creek Digital, taking total funding beyond $100 million ahead of a planned Series C round. |
| Received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). | |
| Partnered with LayerZero to issue and custody wrapped XRP (wXRP), helping the project cross more than $100 million in total value locked (TVL). |
FAQs
Company Details
Launch Date
Jan-2018
Company Size
Medium (51-250)
Contact Details
Hong Kong
Social Media
Primary Category
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| # | Investor Name | Investor Category | Funding Date | Funding Round | Invested By | Fund Raised |
|---|---|---|---|---|---|---|
 No Records data foundOops, it’s quiet here! No funding list yet. | ||||||
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