Hex Trust Becomes Part of the Eterna Capital Portfolio
We are excited to officially announce our recent investment into Hex Trust.
OFFICIAL ANNOUNCEMENT here.
Hex Trust is Asia’s leading digital asset custodian with a comprehensive, fully licensed framework that supports digital assets, including cryptocurrencies, DeFi, NFTs, and Security Tokens.
Our investment in their latest $88M Series B was co-led by Animoca Brands and Liberty City with support from other leading investors such as Kenetic, Ripple, Terra, Wintermute, Hashkey, Morgan Creek, BlockFi, and others.
As the blockchain ecosystem continues its rapid growth and becomes the underlying infrastructure for financial instruments, every financial institution will require an enterprise platform to manage their representation on blockchain. This is where Hex Trust wants to help, by providing banks and financial institutions the infrastructure to seamlessly integrate digital assets into their business operations in a highly secure, scalable, and compliant way.
Hex Trust offers its customers four main services: Custody, DeFi & Staking, Brokerage and Trading, and Financing & Structured Solutions.
Hex Trust already has strategic partnerships with established players in both the traditional finance markets (IBM and SIA) and the digital asset ecosystem (R3, Chainalysis, Tokensoft, Algorand, among others). They have also recently entered a joint venture with Animoca Brands to provide financial services to the millions of gamers in Animoca’s ecosystem. One of the biggest problems in the blockchain gaming industry today is the lack of online wallet solutions that conveniently and safely store users’ gaming-based crypto tokens, whilst providing them access to financial services.
This collaboration has solved this dilemma and has enabled the first of its kind solution for the rapidly growing blockchain-based gaming ecosystem. Hex Trust will use its infrastructure to provide financial services to the millions of gamers in Animoca’s ecosystem, including the first of its kind banking service for NFTs, its NFT Safe. The NFT Safe supports a wide variety of unique tokenized assets, handling the individual technical requirements of each specific type.
This raise will help Hex Trust expand into other international market including Europe and the Middle East, cement themselves as leaders in GameFi and Metaverse Custody, scale their team, and solidify themselves as market leaders in Asia.
With our participation in this round, we are pleased to be part of Hex Trust’s vision to be the leading digital asset custody platform.
About Hex Trust
Hex Trust is the leading fully-licensed and insured provider of bank-grade custody for digital assets in Asia. Led by veteran banking technologists and award-winning financial services experts, Hex Trust has built Hex Safe™, a proprietary bank-grade platform that delivers custody, DeFi, brokerage, and financing solutions for financial institutions, digital asset service providers, and private clients.
Hex Trust has offices in Hong Kong, Singapore, and Vietnam and is expanding across Europe and the Middle East. In Singapore, Hex Trust holds a Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS) allowing the company to provide custodial services regulated under Singapore’s Securities and Futures Act. In Hong Kong, Hex Trust is registered as a Trust Company under the Hong Kong Trust Ordinance and holds a Trust or Company Service Provider (TCSP) license under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance.
About Eterna Capital
Eterna Capital is a London-based investment company focused on blockchain technology. Eterna Capital supports entrepreneurs that envision bold innovative ideas, and have the plan in place to make them happen. Eterna Capital is committed to help them reach their ambitious goals by providing unique insights and support.