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Review of the Month: March 2022
In March 2022, Hex Trust closed a US$88M Series B funding round, completed the SOC2 assessment and attended several panels and interviews.
Announcements
We have closed our Series B funding round of US$88 million, led by Animoca Brands and Liberty City Ventures. Participants in the round included Ripple, Terra, Morgan Creek, Primavera Venture Partners, LeadBlock Partners, Eterna Capital, Sino Global Capital, Topaz, and Adrian Cheng (CEO of Hong Kong real estate giant New World Development).
We have completed the[](https://twitter.com/hashtag/SOC2?src=hashtag_click)SOC 2® - SOC for Service Organizations: Trust Services Criteria assessment conducted by Deloitte. This affirms that Hex Trust’s information security practices, policies, procedures, and operations meet the rigorous standards for security, availability, processing integrity, confidentiality, and privacy.
In the Media
Bloomberg: Animoca, Ripple Back Crypto Custodian at $300 Million Value
Coindesk: Hex Trust Raises $88M for Crypto Custody, Focusing on Gaming Sector
The Block: Crypto Custodian Hex Trust Raises $88 Million in Series B Funding
Blockworks: Hex Trust Raises $88M in Series B To Expand into Europe, Middle East
Our Managing Director, Calvin Shen, was invited on Ausbiz TV for an interview on the transitioning nature of digital asset custody and Hex Trust’s recent expansion into the metaverse.
In the Community
On March 11 2022, The Hong Kong Venture Capital Asia (HKVCA) invited our CEO Alessio Quaglini, alongside Animoca Brands, Cyberport Hong Kong and Talon E-Sports to the HKVCA Asia Venture Capital Forum 2022. The discussion took place around the most popular topics of late: the metaverse, The [Sandbox](), cryptocurrencies and NFTs.
On March 17 2022, Citi hosted the Asia Pacific Securities Leadership Forum 2022, bringing together key players in the digital asset custody space to provide a comprehensive view on the future of custody. Our CEO Alessio Quaglini joined the panel discussion alongside speakers from Coinbase APAC, Fidelity Digital Assets and Citi to walk through the custody ecosystem, its platforms, instruments and infrastructures, covering a range of topics including cryptocurrencies, tokenization efforts and NFTs.
Hosted by SatoshiWomen, our Head of Customer Success, Giorgia Pellizzari was invited to speak at “A journey into the world of Terra and LUNA!” to provide a comprehensive overview of the Terra ecosystem including Anchor Protocol and Mirror Protocol.
We attended ETHDubai alongside our trusted partner Klaytyn, in preparation of our new Middle East Headquarters opening in Dubai. We are in the process of opening our new office and obtaining a license. Stay tuned for updates!
Insights
Celo is a carbon-negative, Layer-1 protocol with a rich ecosystem of global partners building Web3 applications in support of their mission to create a more inclusive, accessible global financial system. With our recent partnership, we hope to support Celo on its mission and any further collaboration opportunities.
Talk to the line
Questions about anything here? The people who wrote it are the people who run it.