Catenaa, Sunday, February 16, 2025 – Hex Trust, a Hong Kong-based crypto custodian, has secured strategic funding led by Morgan Creek Digital.
The funding round, which also saw participation from global investors including Injective, brings Hex Trust’s total funding to over $100 million. The investment comes ahead of the company’s planned Series C round later in 2025.
The fresh capital will support Hex Trust’s expansion efforts, focusing on scaling its staking and market services business. The company is also exploring potential strategic acquisitions to strengthen its market presence.
With institutional demand for secure and regulated digital asset solutions on the rise, Hex Trust aims to solidify its position as a trusted partner for institutional investors, builders, and service providers.
Morgan Creek Digital expressed confidence in Hex Trust’s ability to meet the needs of institutional clients.
It highlighted the company’s commitment to regulatory compliance, security, and integration with legacy institutional portfolios as key factors positioning it for success in the APAC region and beyond.
Founded in 2018, Hex Trust is a licensed custody, staking, markets, and investment firm catering to institutional firms, banks, funds, and exchanges. As it expands with new funding, the firm’s efforts signal a broader shift towards enhanced security and compliance in the digital asset sector.
