Hex Trust Company Intelligence

Hex Trust is a fully licensed and insured provider of bank-grade custody (Hex Safe) and associated services for digital assets. Hex Trust is a compliance-first company with licenses in Singapore, Hong Kong, Dubai, Italy and The Bahamas. The company started in 2018 with its custody service, which was mainly targeted at clients in Hong Kong and Asia. Starting in 2020, Hex Trust expanded its offering to additional services, especially on the markets (brokerage execution, onramp, offramp, etc.) and on-chain services. Currently, Hex Safe has four main verticals: custody, DeFi & staking, brokerage & trading and financing & structured solutions. In 2022, Hex Trust expanded to the Middle East and Europe, connecting the dots to create a global offering. Even with market turmoil, Hex Trust was able to double its revenue and headcount in 2022. In 2023, Hex Trust will continue to apply for additional licenses and expand its regional teams to complete its global operating model. Other focus areas for 2023 include upgrading the Hex Safe features, launching its asset management vertical and working on Gryfyn, Hex Trust’s GameFi NFT wallet application (JV between Hex Trust and Animoca Brands).

“Our mission at Hex Trust is to stay ahead of the curve in terms of licensing and compliance, integrating the latest developments such as new protocols, DeFi, NFTs, GameFi, and the metaverse, and providing innovative services and financing solutions to enable our clients to monetize digital assets held in custody with us.”