NEW: Hex_Trust raised $88 million in a funding round co-led by animocabrands. The goal? “Bringing gamers that don’t know how to use blockchain to true digital asset ownership.” IanAllison123 reports
Asia-focused crypto custody provider Hex Trust has raised $88 million in a funding round co-led by Animoca Brands and Liberty City Ventures.
The Series B funding round will be used to scale to Europe and the Middle East and to obtain additional licenses, the company said. Hex Trust currently has over 100 employees across offices in Hong Kong, Singapore and Vietnam. “From a licensing perspective, we are getting a license in Dubai and we’re studying Europe on this and where to go,” said Hex Trust CEO Alessio Quaglini in an interview. “Operationally, we are looking at opening offices in the Middle East and Europe.”for providing the complex technology required to safeguard digital assets controlled by regulated institutions like banks.
Over the past year, Hex Trust has begun working with high-profile blockchain projects like Algorand, Terra, Tezos and Celo, as well as institutions like the UnionBank of the Philippines, the latter being part of
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