Hex Trust

Hex Trust

Institutional digital asset custody and services

Overview

Hex Trust is a regulated financial institution in Hong Kong that focuses on digital asset services for institutions. It operates Hex Safe, a bank-grade custody platform designed with a security-first approach and built with partners like IBM. Hex Trust provides a suite of institutional services including custody, crypto staking, over-the-counter (OTC) brokerage, and financing, with revenue from custody and transaction fees as well as staking and market-making activities. The company differentiates itself by targeting enterprise clients (banks, asset managers, foundations, and other financial institutions) and pursuing a proactive, multi-jurisdictional regulatory strategy, holding licenses in Hong Kong, Singapore, Dubai, France, and Italy. It also expands capabilities through strategic acquisitions, such as Byte Trading, to enhance market-making and liquidity. The ultimate goal is to offer a secure, compliant bridge for institutions to enter and operate in the digital asset economy.

About Hex Trust

Simplify's Rating
Why Hex Trust is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Fintech

Cybersecurity

Crypto & Web3

Financial Services

Company Size

51-200

Company Stage

Series B

Total Funding

$104M

Headquarters

Central and Western District, Hong Kong

Founded

2018

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Simplify's Take

What believers are saying

  • March 2025 Singapore MPI license broadened regulated custody, OTC, and fiat on-off ramps.
  • February 2026 Aura and Solana JitoSOL launches opened new revenue channels.
  • March 2026 SOC 1, SOC 2, and CSA STAR completions reinforce enterprise trust.

What critics are saying

  • Aura’s retail push dilutes institutional focus and invites consumer-protection scrutiny by 2026.
  • Kelp DAO bridge turmoil forced Hex Trust to pause bridge operations in April 2026.
  • Custody businesses face existential collapse after a single security breach or license revocation.

What makes Hex Trust unique

  • Hong Kong-born, MAS-licensed custody and trading stack targets institutional digital asset workflows.
  • Hex Trust now spans custody, staking, OTC, tokenization, and wealth via Aura.
  • 2026 validator roles on Canton and XDC deepen infrastructure moat beyond simple custody.

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Funding

Total Funding

$104M

Above

Industry Average

Funded Over

3 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
Linktree
$65M
Substack
$88M
Hex Trust
$100M
ClickUp

Benefits

Health Insurance

Employee Discounts

Company Social Events

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

1%

2 year growth

2%
Holder.io
Aug 26th, 2026
Hex Trust launches Aura retail custody with USDT vaults up to 12%.

Hex Trust launches Aura retail custody with USDT vaults up to 12%. Hex Trust, a global digital asset custodian and infrastructure company, launched Aura, a personal custody service. The launch includes fixed-term USDT Vaults with defined APRs and caps. Hex Trust: profile and capabilities - Funding: total $104 million. Assets under custody: over $5 billion. - Compliance: licensed and regulated in multiple jurisdictions including Hong Kong, Singapore, and Dubai VARA. - Services: staking, digital asset trading, payment solutions, and real-world asset tokenization. - Expansion: Aura extends Hex Trust's services from institutions to individual users. USDT Vaults: 60-day term - Phase 1: 12% APR. Per-user limit: $10,000-$100,000. Total cap: $500,000. - Phase 2: 10% APR. Per-user limit: $10,000-$250,000. Total cap: $1,000,000. - Phase 3: 8% APR. Per-user limit: $10,000-no upper cap. Total cap: $2,000,000. Participation flow - Install and register on the iOS or Android app. Invite code: FxF7HF. - Complete KYC. Required. - Join the Vault using ERC20 or TRC20 USDT. Notes - Hex Trust transitions institutional-grade custody and services to retail through Aura. - Vault APRs are predefined for the 60-day term and subject to tranche caps. - Users should assess counterparty, custody, and chain transfer risks when allocating stablecoins. Links: Twitter | Webpage

Cointelegraph
Feb 12th, 2026
21Shares taps BitGo for expanded regulated staking, custody support across US, Europe

21Shares taps BitGo for expanded regulated staking, custody support across US, Europe. 7 hours ago The move strengthens institutional support for 21Shares' multibillion dollar digital asset investment platform and broadens its regulated staking capabilities. Cointelegraph in your social feed BitGo Holdings and 21Shares said Thursday they have expanded their existing partnership to include custody and staking services supporting 21Shares' crypto exchange-traded products (ETPs) for investors in the United States and Europe. Under the agreement, BitGo will deliver qualified custody, trading and execution services and integrated staking infrastructure for 21Shares' US exchange-traded funds and global ETPs. The arrangement also provides 21Shares with access to liquidity across electronic and over-the-counter markets, according to the announcement. BitGo said the services will be delivered through its regulated entities in the US and Europe, including its federally chartered trust bank approved by the Office of the Comptroller of the Currency (OCC) and its MiCA-licensed operations authorized by Germany's Federal Financial Supervisory Authority. 21Shares, a subsidiary of FalconX, is one of the largest crypto ETF issuers globally, with 59 exchange-traded products listed across 13 exchanges and more than $5.4 billion in assets under management as of Feb. 11, according to its website. The move comes less than a month after BitGo, a digital asset infrastructure company based in Palo Alto, California, began trading on the New York Stock Exchange under the ticker BTGO. Staking moves deeper into regulated products. In recent months, institutional custody platforms have increasingly embedded staking services into their core offerings as investor demand grows for yield-generating crypto infrastructure. In October, Coinbase expanded its integration with staking infrastructure provider Figment, allowing Coinbase Prime and Coinbase Custody clients to stake Avalanche and Solana directly from Coinbase custody. , offering the service through Anchorage Digital Bank and its Singapore entity, with access also available via its Porto self-custody wallet. On Feb. 9, Ripple said it expanded its institutional custody platform through integrations with Securosys and Figment, adding hardware security module support that allows banks and custodians to offer crypto custody and staking services without running their own validator or key management infrastructure. There has also been growing institutional interest in liquid staking, which allows investors to earn proof-of-stake rewards while receiving a tradable token that keeps their underlying assets liquid. On Tuesday, Hong Kong-based custodian Hex Trust announced it has partnered with the Jito Foundation to integrate JitoSOL, a liquid staking token on the Solana blockchain, enabling clients to earn staking and MEV rewards while keeping their SOL liquid and eligible for use as collateral in borrowing and lending through its markets platform. Markets Outlook Get critical insights to spot investment opportunities, mitigate risks, and refine your trading strategies. Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph's Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read its Editorial Policy https://cointelegraph.com/editorial-policy

Asset Servicing Times
Feb 4th, 2026
Hex Trust integrates with Haruko

Hex Trust integrates with Haruko. Hex Trust, a digital assets financial service provider focused on markets services, custody, and staking, has announced a strategic integration with Haruko, an institutional digital assets technology platform. Through this collaboration, Hex Trust clients can use Haruko's platform to gain a real-time view of their custodied assets, market activity, and staking performance alongside their exposures across other trading venues. The firm says as asset managers operate across a siloed landscape of exchanges, decentralised finance (DeFi) protocols, and staking networks, holistic risk assessment and portfolio optimisation can pose challenges with manual workflows. Connecting Hex Trust's multi-jurisdictional, regulated custody data, with Haruko's aggregation engine, will allow institutions to manage their complete digital asset ecosystem. Shamyl Malik, CEO and co-founder of Haruko, says: "Integrating Hex Trust's comprehensive suite of regulated custody, staking, and market data provides our clients with essential context, strengthening their ability to manage risk with clarity, optimise capital, and enhance decision-making across portfolios." Giorgia Pellizzari, chief product officer and head of custody at Hex Trust, adds: "We are actively defining a new standard where regulated custody is the foundation for holistic risk management. By seamlessly integrating Haruko's engine, we architect a transparent, single source of truth for our clients, enabling intelligent decision-making across their entire digital asset treasury."

CryptoCulture
Jan 8th, 2026
Expert Says Don't Waste Time with People Who Criticize XRP Without Understanding It

Expert says don't waste time with people who criticize XRP without understanding it. In an interesting commentary, Altcoin Daily, a leading crypto media outlet, has suggested that some people criticize XRP without fully understanding it. XRP remains one of the most criticized crypto assets in the market despite maintaining a top 5 position consistently for years and boasting an impressive value proposition around cross-border payments. Amid the persistent criticisms, the crypto asset has also recorded occasional upswings, up 16% this year. Some XRP critics do not understand the asset. Most recently, the Altcoin Daily media outlet, run by brothers Aaron and Austin Arnold, pointed out that some of these criticisms against XRP come from people who do not actually understand the asset. In a recent post on X directed at crypto investors, Altcoin Daily charged market participants not to waste their time with these people. For instance, last year, XRP came under heavy attacks from individuals within the Solana community, with some of them citing a lack of utility. Notably, last November, Vibhu Norby, Solana Foundation's Product Marketing Head, argued that, while he wishes to see XRP succeed, the token and its network lag in terms of user traction. Vibhu suggested that XRP had "mediocre" traction, especially when compared with competitor chains like Solana. According to him, investors who have committed their funds to XRP should reconsider their position. A week later, Vibhu sarcastically said investors should sell their house, kids, beds, and other valuables to buy XRP, mocking a popular mantra within the XRP community. However, a month after this FUD campaign, Vibhu retraced his steps, admitting that his understanding of XRP and its community had matured. According to him, he came to "understand the uniqueness of XRP." This occurred shortly after Hex Trust announced plans to launch a wrapped XRP version that could bridge to the Solana network. Further instances of criticism turned praise. In a separate instance, market veteran Raoul Pal argued in August 2024 that XRP investors only held onto the tokens due to a "cult-like" mentality, insisting that they should avoid old coins like XRP. Pal suggested that these investors could miss another bull run. However, in December 2024, after XRP's 284% surge a month before, Pal admitted he was wrong about the token. Moreover, billionaire Mike Novogratz, who persistently criticized XRP years back, also retraced his words, noting in November 2025 that XRP remains one of the few tokens that successfully turned into money. These instances align with Altcoin Daily's recent commentary, which indicates that some of XRP's critics do not actually understand the asset. Meanwhile, the outlet's latest disclosure builds on a series of encouraging commentaries it has made surrounding XRP. Last November, Altcoin Daily suggested that Bitcoin is the reserve asset, while XRP remains the liquidity bridge. In April, the channel noted that XRP was battling an "astounding" level of misinformation. DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

CoinCentral
Dec 13th, 2025
Solana (SOL) Price: Arthur Hayes Names Two Blockchains That Will Survive

Solana (SOL) price: Arthur Hayes names two blockchains that will survive. Solana price reaches $138 with 5% gain as analysts predict potential 50% rally. ETF inflows hit $11M while SOL tests $140 resistance level. * Solana price jumped 5% to $138 in 24 hours, with analysts predicting potential 50% rally if key resistance breaks * Solana ETFs saw strong $11.02 million daily inflows, with BSOL leading at $4.44 million * Coinbase integrated Solana tokens for direct trading without formal listing requirements * SOL testing $140 resistance level with support holding at $130; MACD shows neutral momentum * BitMEX founder Arthur Hayes says Solana needs new growth driver beyond meme coins to survive long-term Solana price reached $138 on December 12, 2025, posting a 5% gain over 24 hours. The cryptocurrency has been trading in a consolidation pattern between $130 and $138 for several days. The broader crypto market gained 2.08% during this period. Institutional buying helped drive the increase across multiple cryptocurrencies. SOL currently sits below a key trendline that analysts are watching closely. The cryptocurrency has been in an accumulation phase, with buyers monitoring for a potential breakout. Hex Trust and LayerZero introduced Wrapped XRP on the Solana blockchain. This development added new functionality to the network's ecosystem. Coinbase announced it will facilitate trading of Solana tokens without requiring formal listing. Users on the exchange can now access tokens within Solana's ecosystem directly. Strong institutional demand. Solana ETFs recorded $11.02 million in daily net inflows. Total inflows reached 672.48 million across multiple products. Bitwise's BSOL led with $4.44 million in inflows and a premium of 0.83%. Fidelity's FSOL brought in $3.56 million with a 0.70% premium. Grayscale's GSOL received $2.59 million with a 0.09% premium. VanEck's FSOL recorded $437,550 in inflows during the same period. The MACD indicator shows neutral momentum. The MACD line sits just above the signal line, indicating limited directional pressure. The Chaikin Money Flow indicator registered 0.03. This reflects positive but weak capital flow into the market. Key price levels. Solana faces resistance at $140. The price has tested this level multiple times in recent trading sessions without breaking through. If buyers push through $140, the next target sits at $150. A breakout above this range would confirm the bullish rally scenario. Support holds at $130 for now. If this level fails, the next support zone appears at $120. BitMEX founder Arthur Hayes said Ethereum and Solana will likely be among the few layer-1 blockchains to survive long-term. Most other networks will go to zero, according to Hayes. Hayes noted that meme coins drove much of Solana's demand in 2024 and early 2025. However, he said the network needs a new growth driver moving forward. Solana's lending market has grown to over $3.6 billion in the last 24 hours. JPMorgan recently conducted a debt deal with Galaxy on the Solana network. SOL retested a major support level on Thursday, dropping to $129 after the Federal Reserve announced another rate cut. The price bounced back to $136, showing accumulation activity. Whale activity increased across spot and derivatives markets. However, overall demand from large holders remains relatively weak.

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