Crypto service Hex Trust has raised investments of $88 million
The Series B round was supported by Animoca Brands, Liberty City Ventures, Morgan Creek, Ripple, Primavera Venture Partners, BlockFi, Wintermute, Terra, and Sino Global Capital
17.03.2022 - 07:15
207
1 min
0
What’s new? Hex Trust, a crypto custodial service, has announced the successful completion of its Series B funding round. The total amount of funds raised was $88 million. According to the company’s CEO Alessio Quaglini, the initial plans included raising $30 million, but higher interest from investors led to an increased allocation.
What will the investments be used for? Hex Trust plans to use the proceeds to expand the company’s staff and hire more than 60 new employees. Other major plans include the service’s development in the markets of Europe and the Middle East, including opening an office in the UAE.
Hex Trust is a licensed custodial service for institutional investors, providing custody, brokerage, and project finance services.
Custodial is defined as a service that provides custody of digital assets and users’ private keys.
Useful material?
Telegram 
Twitter Market
According to the politician, this will combat widespread corruption by ensuring transparency and accountability of budgetary funds
Nov 26, 2024
Market
Justin Sun invested $30 million in the project
Nov 26, 2024
Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Cryptocurrency rates
-
Bitcoin
$92 607
BTC
-2.08%
-
Ethereum
$3 350.43
ETH
-2.62%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.36
XRP
-5.52%
-
Dogecoin
$0.38674
DOGE
-4.62%
-
Cardano
$0.944193
ADA
-3.06%
-
Stellar XLM
$0.42711
XLM
-15.41%
-
Polkadot
$8.05
DOT
-3.36%
-
Bitcoin Cash
$493.02
BCH
-1.61%
-
Litecoin
$92.67
LTC
-1.66%