Hex Trust collects $ 88 million in series B to expand to Europe and the Middle East
Hex Trust collects $ 88 million in series B to expand to Europe and the Middle East
- The crypto depot bank said that he collected tens of million dollars to scale the company and receive additional licenses
- While Animoca Brands and Liberty City Ventures were at the top together, the round also saw a participation of Rippleterra and Morgan Creek, including
The Hong Kong crypto depot bank Hex Trust said that he had raised tens of million in fresh capital to extend his activities to the Middle East and Europe, so A statement on Tuesday.
The financing round of series B, headed by Animoca Brands and Liberty City Ventures, brought in $ 88 million in capital, which rose to rose to $ 1 billion.
This is the first significant increase in the company and is in line with the growing interest of external parties who want to invest in platforms and technologies that are used to maintain digital assets.
The participants of the round were also Rippleterra, Morgan Creek, Primavera Venture Partners, Leadblock Partners, Eterna Capital, Sino Global Capital, Topaz and Adrian Cheng, CEO of the real estate gigant New World Development.
The financing is also used to obtain additional licenses and to expand Hex Trust's business services and to continue the development of its "bank -compatible" custody platform Hex Safe.
HEX Trust, provider of licensed and insured custody solutions in bank quality for crypto, has continued to invest investments from risk capitalists and crypto companies who try to participate in the four -year -old company.
Last year, Hex Trust secured $ 6 million via Serie-A financing and another $ 10 million in an extended round under the direction of Animoca to continue to establish itself in Southeast Asia. The company also turned to the Union Bank of the Philippines to help the expansion of its custody services in this country.Hex Trust currently employs 100 people in branches in Hong Kong, Singapore and Vietnam.
"It was an enormous year of growth for Hex Trust and this financing round enables us to continue scaling," said Alessio Quaglini, CEO by Hex Trust.
"Since large institutions introduce digital assets faster and faster, they need fully licensed custody services to meet compliance and regulatory standards."
storage of digital assets continue to attract large investors who often go hand in hand with considerable capital increases. In January, the crypto-depotbank Fireblocks collected an incredible $ 550 million series-based series-round of US dollars in a series of Series and Spark Capital, which gave the company a value of $ 8 billion.
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The contribution Hex Trust collects $ 88 million in series B to expand to Europe, the Middle East, is not financial advice.
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