Asia-based crypto custodian Hex Trust raises USD $88M in Series B

Hex Trust, an Asia-based digital asset custodian licensed in Hong Kong and Singapore with over USD $5 billion in assets under custody, has announced the close of its Series B funding round of USD $88 million.


This funding round was co-led by Animoca Brands and Liberty City Ventures.


Participants in the Series B round included Ripple, Terra, Morgan Creek, Primavera Venture Partners, LeadBlock Partners, Eterna Capital, Sino Global Capital, Topaz, and Adrian Cheng (CEO of Hong Kong real estate company New World Development).


Several blockchain companies also participated in the round including BlockFi, CoinList, Protocol Labs, Pulsar Trading, and Wintermute. Previous investors also participated in the round including QBN Capital, Kenetic Capital, HashKey Capital, Fenbushi Capital, Radiant Ventures, and Cell Rising.


Clifford Chance served as Hex Trust’s legal advisor an ..

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