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Crypto Custodian Hex Trust Gets $10M in Latest Investment Round Led by Animoca Brands

Crypto Custodian Hex Trust Gets $10M in Latest Investment Round Led by Animoca Brands

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

  • Animoca Brands, a gaming and non-fungible token unicorn, led the spherical. Participation in the funding spherical additionally got here through Ripple Labs, Algorand Foundation, BCW Group, Tessera Capital Partners, Mind Fund, Double Peak Group, and Token Bay Capital.
  • Those who not too long ago participated in Hex Trust’s $6M Series A in March additionally invested together with QBN Capital, Kenetic Capital, MANTRA DAO, Borderless Capital, Radiant Tech Ventures, and Cell Rising Capital.
  • Hex Trust’s contemporary funds will go towards furthering its market infrastructure and safety frameworks underpinning its Hex Safe custody platform, the agency stated in a press launch Tuesday. The new capital may even fund the corporate’s enlargement throughout its Singapore and Vietnam places of work in addition to set up a footprint in Europe and the Middle East.
  • Last month, the custodian secured a license to supply custodial companies from the Monetary Authority of Singapore beneath the nation’s Securities and Futures Act.

Read extra: Animoca Completes Funding Round, Gets an Extra $50M From Coinbase, Samsung

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