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§ Private Profile · Hong Kong, China
Investment firm (auto-created from funding round data)
Hex Trust delivers regulated institutional digital asset solutions, encompassing secure custody, staking services, and comprehensive markets solutions for digital asset trading. The company also offers an instant payment API, enabling institutions to seamlessly accept digital assets and ensure compliant fiat settlement. Their robust infrastructure supports a broad array of blockchains, providing critical operational capabilities for the evolving digital economy.
The company was established in 2018 by co-founders Alessio Quaglini, who serves as CEO, and Rafal Czerniawski, the Chief Information & Security Officer. Their foundational insight recognized the pressing need for enterprise-grade security and regulatory compliance to bridge traditional finance with the nascent digital asset sector, attracting institutional participants into this new asset class.
Hex Trust primarily serves financial institutions, corporate entities, and digital asset businesses requiring secure, compliant infrastructure. The company’s vision centers on empowering global institutions to confidently engage with the digital asset landscape, fostering broader integration and adoption of digital assets within the regulated financial system through trusted and innovative solutions.
Hex Trust has raised $104.0M across 3 funding rounds.
Key people at Hex Trust.
Hex Trust has raised $104.0M in total across 3 funding rounds.
Hex Trust is a leading institutional digital asset custodian providing fully licensed, insured bank-grade custody, staking, markets services, brokerage, DeFi access, and financing solutions through its proprietary Hex Safe platform.[1][2][3][4] Headquartered in Hong Kong with offices in Singapore, Dubai, Italy, Vietnam, and France, it serves financial institutions, protocols, foundations, Web3 ecosystems, corporates, and private clients, bridging traditional finance and digital assets by enabling secure yield generation, liquidity, and portfolio management beyond mere safekeeping.[1][3][5] Its mission is to unlock ownership in decentralized markets and secure the permissionless future, with custody now comprising about one-third of revenue while staking and markets drive the rest, supported by a strong regulatory foundation including licenses for MiCA preparation and Singapore's MPI approval.[1][5]
Founded in 2018 in Hong Kong, Hex Trust quickly established itself as a pioneer in institutional digital asset custody amid rising demand for compliant infrastructure in Asia's burgeoning crypto ecosystem.[1][3] The company has raised significant capital, including a $6M Series A in March 2021 from investors like QBN Capital, Kenetic Capital, Fenbushi Capital, and HashKey Capital; an $88M Series B in March 2022 led by Animoca Brands, Liberty City Ventures, and others such as Ripple and Protocol Labs; and a strategic round in February 2027 valuing it at $100M with Morgan Creek Digital and Injective.[3] This funding fueled global expansion and service diversification, evolving from core custody to a full-service platform, including recent innovations like Bitcoin staking with Babylon Labs and an upcoming asset management arm.[1][3]
Hex Trust rides the wave of institutional adoption in digital assets, capitalizing on trends like yield generation, Bitcoin staking, and Web3 integration as "buy-and-hold" strategies yield to active management amid maturing regulations like Europe's MiCA and Singapore's frameworks.[1][4] Its timing aligns with market forces favoring compliant infrastructure—rising institutional demand for secure custody, liquidity, and DeFi tools amid volatile crypto cycles and TradFi inflows—positioning it as Asia's key bridge to the digital economy.[1][5] By enabling protocols, foundations, and investors to operate safely, it influences the ecosystem through partnerships (e.g., Babylon Labs, IDA stablecoins) and innovations that accelerate broad adoption, reducing barriers like settlement risks and fostering decentralized market growth.[1][4][6]
Hex Trust is poised to expand its asset management arm and deepen European/Singapore presence under MiCA and MPI, potentially capturing more yield-focused institutional flows as Bitcoin staking and regulated vehicles gain traction.[1] Trends like tokenized assets, RWA integration, and AI-driven risk management will shape its path, amplifying its role in a $trillion+ digital asset market. Its influence may evolve from custodian to full-service infra provider, solidifying leadership as TradFi fully embraces Web3—unlocking the permissionless future it was built to secure.[5]
Hex Trust has raised $104.0M in total across 3 funding rounds.
Hex Trust's investors include Animoca Brands, Liberty City Ventures, 5Y Capital, CVentures, IDG Capital, Sequoia Capital China, Adrian Cheng, Morgan Creek, Primavera Venture Partners, Ripple, Terra, Algorand Foundation.
Hex Trust has raised $104.0M across 3 funding rounds. Most recently, it raised $88.0M Series B in March 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 1, 2022 | $88M Series B | Animoca Brands, Liberty City Ventures | 5Y Capital, Cventures, IDG Capital, Sequoia Capital China, Adrian Cheng, Morgan Creek, Primavera Venture Partners, Ripple, Terra | Announced |
| Oct 5, 2021 | $10M Venture Round | Animoca Brands | Algorand Foundation, BCW Group, Borderless Capital, Cell Rising Capital, Double Peak, Alessio Quaglini, Kenetic Capital, Mantra DAO, Mind Fund, QBN Capital, Radiant Tech Ventures, Ripple, Tessera Capital Partners, Token BAY Capital | Announced |
| Mar 31, 2021 | $6M Series A | Frank Tong | Henri Arslanian, Borderless Capital, Cell Rising Capital, Fenbushi Capital, GBV Capital, HashKey Capital, Jehan CHU, MD Labs, Radiant Tech Ventures | Announced |
Key people at Hex Trust.
