Jan 10, 2022

2021 in Review — From the Founder’s Desk

See the full 2021 in Review here: https://bit.ly/3EXfgFq

From the Founder’s Desk

2021 was another bullish year for the digital assets industry. Many coins and tokens reached their all-time highs on the back of sophisticated Layer 1 protocols supporting an explosion of innovative DeFi applications attracting sizable investments from financial institutions, VC funds, corporations, HNWIs, and the broader digital assets ecosystem. It was also the year of the NFT revolution with markets generating over $23 billion in trading volume, fuelled by high-profile releases such as BAYC and its mutant offspring, Beeple’s Everydays: The First 5000 Days, NBA Top Shots, the revival of the OG CryptoPunks on the secondary market, and mainstream brands and celebrities like Sotheby’s, Nike, Adidas, Atari, Shaquille O’Neal and Snoop Dogg stepping into the metaverse.

At Hex Trust, the past 12 months have been an exciting and wild ride. We closed two fundraising rounds, welcoming a broad range of top-notch global investors as some of our closest partners. Our client base now totals more than 170 customers who all count on Hex Trust to safekeep over $5 billion in assets under custody. And the team that made it all happen increased with 70 new staff across our Hong Kong, Singapore, and Vietnam offices.

As large traditional VCs get more comfortable with investing in digital assets, 2022 could be the year that more investors with even deeper-pockets fill up their bags. Regulations will come into effect that limit the industry, while other jurisdictions will provide increased clarity and support in a bid to attract digital asset companies and emerge as the next global financial centre. Any moves by additional countries to adopt cryptocurrency as legal tender will only gain the momentum of traditional finance integrating with the digital assets ecosystem. Lastly, the utility for NFTs will extend further across GameFi projects launched in the metaverse and DeFi applications as, for example, representations of financial positions in smart contracts which then become transferable and available for trading on NFT marketplaces.

All in all, 2021 was a pivotal year made possible by our friends, partners, and clients, and I look forward to making 2022 even bigger, together. Not just for Hex Trust, but the entire digital assets ecosystem as a whole. It truly is a collective effort and it’s a privilege to be part of this revolution.

Alessio Quaglini, CEO & Co-founder

Thank you! Your submission has been received!

Download the PDF ⟩

Oops! Something went wrong while submitting the form.

By clicking "Accept", you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. View our Privacy Policy for more information.

Preferences Reject Accept

Manage Consent Preferences by Category

When you visit any Web site, it may store or retrieve information on your browser through cookies. This information might be about you, your preferences, or your device and is used largely to make the site work as you expect it to . The information does not usually directly identify you, but it can provide a more personalized web experience. Because we respect your right to privacy, you can choose not to allow some types of cookies. Click on the different category of headings to find out more and change our default settings. However, blocking certain types of cookies may impact your experience of the site and the services we are able to offer. View our Privacy Policy for more information.

Essentials

Always active

These cookies are strictly necessary for the secure operation of this website and our services. They are set in response to your actions that request a service — for example logging in, maintaining your session, setting your privacy preferences, or completing a form. Without them, some parts of the site (or the service) may not function correctly. These cookies do not store personal data for marketing or profiling purposes.

Marketing

These cookies help us deliver relevant advertising to you and measure the performance of campaigns. They may track your visits across this site and other sites, build a profile of your interests, and enable targeted offers. If you disable these cookies, you may still see advertising, but it will be less personalised and optimised.

Personalization

These cookies allow us to remember your choices and provide features tailored to you — for instance your preferred region/currency, interface settings or the content that is most relevant. They may also enable services you request such as customised content or interactive tools. If you disable these cookies, the site will still work, but your experience may be less customised.

Analytics

These cookies collect aggregated information about how visitors use our site — for example which pages are visited most, how long users stay, and what devices they use. The data is used to monitor, analyse and improve site performance, security and the user experience. The information is anonymised and cannot normally be used to identify you. If you disable these cookies, we will have reduced visibility into how the site is used, which may limit future improvements.

Reject All Accept All

Thank you! Your submission has been received!

Oops! Something went wrong while submitting the form.

Preferences

2021 in Review — From the Founder’s Desk

From the Founder’s Desk

Navigate Digital Assets,Together.

How can we help you?