# Hex Trust

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hex-trust

- Industry: Software
- Headquarters: Hong Kong, Hong Kong SAR - China
- Website: www.hextrust.com
- Total disclosed funding: $94M
- Latest round: Series B (Mar 15, 2022)
- Investors on record: 24

## About

Based in Hong Kong, China, and founded in 2018, Hex Trust Limited operates digital asset custody solutions for banks, financial institutions, asset managers, exchanges, and corporations. The company was founded by CEO Mr. Alessio Quaglini. in March 2021, Hex Trust raised USD 6 million in Series A funding from Borderless Capital, Fenbushi Capital, Genesis Block, HashKey Capital, Kenetic Capital, QBN Capital, and Radiant Tech Ventures. In February 2025, the firm closed a strategic investment. The company has branches in countries such as Singapore, Vietnam and Dubai.

Hex Trust Limited offers a Hex Safe™ platform that can access liquidity providers, exchanges, and lending and staking platform. The company also offers ZeroKey™ a proprietary technology transacting and fast access to assets stored on multiple blockchains. 

The company’s revenue is generated by providing digital asset custody services.

The company will use the funding for strategic opportunities within the expanded mortgage and marketplace businesses, including potential strategic acquisitions.

## Funding rounds

- Series B, Mar 15, 2022, $88M — Morgan Creek Capital Management, Primavera Capital Group, Animoca Brands Corporation Limited, Liberty City Ventures, Pulsar Venture Capital, Radiant Tech Ventures, Fenbushi Capital, Ripple Ventures, BlockFi, Inc., Kenetic Capital, CoinList, Protocol Labs, Inc., Eterna Capital, HashKey Capital, LeadBlock Partners, TOPAZ Capital Group, Wintermute Trading Ltd, QBN Capital, Terra Capital, Ryze Labs, Cell Rising Capital
- Series A, Mar 29, 2021, $6M — Radiant Tech Ventures, Fenbushi Capital, Kenetic Capital, Borderless Capital, HashKey Capital, QBN Capital, Genesis Block
- Seed, Aug 14, 2020 — Kenetic Capital
- Seed, Apr 5, 2019 — Boost Heroes

## Investors

- Boost Heroes (https://capitalatlas.ai/funds/boost-heroes) — Seed
- Kenetic Capital (https://capitalatlas.ai/funds/kenetic-capital) — Seed, Series A, Series B
- Radiant Tech Ventures (https://capitalatlas.ai/funds/radiant-tech-ventures) — Series A, Series B
- Fenbushi Capital (https://capitalatlas.ai/funds/fenbushi-capital) — Series A, Series B
- Borderless Capital (https://capitalatlas.ai/funds/borderless-capital) — Series A
- HashKey Capital (https://capitalatlas.ai/funds/hashkey-capital) — Series A, Series B
- QBN Capital (https://capitalatlas.ai/funds/qbn-capital) — Series A, Series B
- Genesis Block — Series A
- Morgan Creek Capital Management — Series B
- Primavera Capital Group (https://capitalatlas.ai/funds/primavera-capital-group) — Series B
- Animoca Brands Corporation Limited — Series B
- Liberty City Ventures (https://capitalatlas.ai/funds/liberty-city-ventures) — Series B
- Pulsar Venture Capital (https://capitalatlas.ai/funds/pulsar-venture-capital) — Series B
- Ripple Ventures (https://capitalatlas.ai/funds/ripple-ventures) — Series B
- BlockFi, Inc. — Series B
- CoinList — Series B
- Protocol Labs, Inc. — Series B
- Eterna Capital (https://capitalatlas.ai/funds/eterna-capital) — Series B
- LeadBlock Partners (https://capitalatlas.ai/funds/leadblock-partners) — Series B
- TOPAZ Capital Group — Series B
- Wintermute Trading Ltd — Series B
- Terra Capital (https://capitalatlas.ai/funds/terra-capital) — Series B
- Ryze Labs (https://capitalatlas.ai/funds/ryze-labs) — Series B
- Cell Rising Capital (https://capitalatlas.ai/funds/cell-rising-capital) — Series B