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Synnax reimagines credit ratings for the DeFi world

The conflicts of interest in the business model of credit rating agencies (CRAs) were laid bare in the 2008 financial crisis. Investors and issuing sponsors...

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Hong Kong, UAE Central Banks Coordinate on Crypto Regulations – Decrypt

The central banks of Hong Kong and the United Arab Emirates have announced plans to strengthen their financial cooperation—and work together on regulating virtual...

The Sandbox teams with Hex Trust for licensed, secure custody of its virtual assets

Hex Trust, a regulated institutional-grade crypto-asset custodian, today announced it has partnered with The Sandbox, a leading decentralized gaming virtual world to enable fully-licensed...

Crypto Oasis Members Newsletter

Welcome to the Crypto Oasis Members Newsletter These past weeks have been filled with exciting events and initiatives at the Crypto Oasis and we want...

Crypto-custodian Hex Trust welcomes approval for Dubai crypto-asset license

Hex Trust, a fully licensed and insured provider of bank-grade custody and associated services for crypto-assets in Asia, announced today it has obtained provisional...

Hex Trust adds support for Polygon (MATIC) to enable licensed secure custody

Hex Trust, a licensed and insured provider of bank-grade custody and associated services for crypto-assets in Asia, announced today it has successfully integrated Polygon,...

ApeCoin Has Arrived

March 17, 2022       /       Unchained Daily       /       Laura Shin Daily Bits ✍️✍️✍️ Eight members of Congress wrote to SEC chair Gary Gensler about[...]

The post ApeCoin Has Arrived appeared first on Unchained Podcast.

Crypto Custody Provider Hex Trust Raises $88 Million

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Crypto Custodian Hex Trust Raises $88M in Latest Series B Funding

Fries DAO Has Raised $5.4M to Buy Fast Food Restaurants

Hong-Kong-based institutional custody service Hex Trust has raised $88 million in a Series B funding round co-led by Animoca Brands and Liberty City Ventures. The round includes both primary capital of $61 million and secondary investment of $27 million. In addition to Animoca Brands and Liberty City Ventures, other investors to participate in the round included Ripple, Terra, BlockFi, CoinList, Wintermute, Morgan Creek, Sino Global Capital, Primavera Venture Partners among others. Prior backers, including Kenetic Capital, HashKey Capital, and Fenbushi Capital, also joined the round. With the fresh funds, Hex Trust now looks towards expanding in the Middle East and Europe in addition to scaling its current team of 100 people to around 160 by the end of this year. Series B featured in @Bloomberg "#Blockchain will become the new infrastructure of the #financialmarkets, which requires institutional players providing infrastructure for institutional investors.”https://t.co/f50XWnK8aX — Hex Trust (@Hex_Trust) March 16, 2022   The latest Series B round brings Hex Trust’s total funding valuation to date to over $100 million. The company didn’t provide a specific valuation with this round but said it’s “10 times more” than the valuation at the time of its Series A round, which was $30 million which translates to at least a $300 million valuation currently. Licensed Crypto Firm in Singapore and Hong Kong Founded in 2018, Hex Trust offers crypto custody, staking, brokerage, and financing services to institutional clients with its licenses in Hong Kong and Singapore. The company has a capital markets services license from the Monetary Authority of Singapore and is registered as a trusted company in Hong Kong. Over the past year, Hex Trust has worked on blockchain projects like Algorand, Terra, Tezos, and Celo, as well as institutions like the UnionBank of the Philippines.

The post Crypto Custodian Hex Trust Raises $88M in Latest Series B Funding appeared first on Cryptoknowmics-Crypto News and Media Platform.

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

Hex Trust, an Asia-based digital asset custodian which is fully licensed in Hong Kong and Singapore with over USD $5 billion in assets under custody, has announced that it has closed 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 […]

The post Asia-based crypto custodian Hex Trust raises USD $88M in Series B appeared first on CryptoNinjas.

Crypto custodian Hex Trust raises $88 million in Series B funding

Hex Trust, an institutional crypto custodian based in Hong Kong, has raised $88 million in a Series B funding round.

The post Crypto custodian Hex Trust raises $88 million in Series B funding appeared first on The Block.

Asia crypto custodian Hex Trust completes SOC 2 certification

Hex Trust, an Asia-based crypto-asset custodian, today announced that it has completed its SOC 2 – SOC for Service Organizations: Trust Services Criteria assessment, conducted by Deloitte. An auditing standard developed by the American Institute of Certified Public Accounts (AICPA), SOC 2 compliance affirms that Hex Trust’s information security policies, procedures, and operations meet rigorous […]

The post Asia crypto custodian Hex Trust completes SOC 2 certification appeared first on CryptoNinjas.

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