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CATEGORY: hex trust


Crypto-custodian Hex Trust welcomes approval for Dubai crypto-asset license

Author: CryptoNinjas.net
Ethiopia
Jun 23, 2022 09:50

Crypto-custodian Hex Trust welcomes approval for Dubai crypto-asset license

Hex Trust, a fully licensed and insured provider of bank-grade custody and associated services for crypto-assets in Asia, announced today it has obtained provisional approval from the Government of Dubai’s Virtual Assets Regulatory Authority (VARA) to receive a Virtual Asset MVP License. As a result, Hex Trust is enabling safe market adoption to accelerate the […]

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Hex Trust adds support for Polygon (MATIC) to enable licensed secure custody

Author: CryptoNinjas.net
Ethiopia
Jun 14, 2022 08:40

Hex Trust adds support for Polygon (MATIC) to enable licensed secure custody

Hex Trust, a licensed and insured provider of bank-grade custody and associated services for crypto-assets in Asia, announced today it has successfully integrated Polygon, the full-stack scaling solution for Ethereum, into its crypto-asset custody platform Hex Safe. As a result, Hex Trust now offers fully licensed and highly-secure custody for Polygon’s native token (MATIC) with […]

The post Hex Trust adds support for Polygon (MATIC) to enable licensed secure custody appeared first on CryptoNinjas.

Asia-based crypto custodian Hex Trust raises USD $88M in Series B

Author: CryptoNinjas.net
Ethiopia
Mar 16, 2022 08:35

Asia-based crypto custodian Hex Trust raises USD $88M in Series B

Hex Trust, an Asia-based digital asset custodian licensed in Hong Kong and Singapore with over USD $5 billion in assets under custody, has announced the close of its Series B funding round of USD $88 million. This funding round was co-led by Animoca Brands and Liberty City Ventures. Participants in the Series B round included […]

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Asia crypto custodian Hex Trust completes SOC 2 certification

Author: CryptoNinjas.net
Ethiopia
Mar 09, 2022 08:35

Asia crypto custodian Hex Trust completes SOC 2 certification

Hex Trust, an Asia-based crypto-asset custodian, today announced that it has completed its SOC 2 – SOC for Service Organizations: Trust Services Criteria assessment, conducted by Deloitte. An auditing standard developed by the American Institute of Certified Public Accounts (AICPA), SOC 2 compliance affirms that Hex Trust’s information security policies, procedures, and operations meet rigorous […]

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Animoca and Hex Trust form JV to offer GameFi blockchain wallet service

Author: CryptoNinjas.net
Ethiopia
Nov 26, 2021 08:35

Animoca and Hex Trust form JV to offer GameFi blockchain wallet service

Hex Trust, an Asia-based crypto-asset custodian, and Animoca Brands, a provider of blockchain gamification platforms, announced today they have formed a joint venture to provide institutional cryptocurrency wallets and financial services for online gamers. In the partnership, Hex Trust will provide its secure digital asset wallet technology and custody infrastructure to connect seamlessly with Animoca […]

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Animoca and Hex Trust form JV to offer GameFi crypto wallet service

Author: CryptoNinjas.net
Ethiopia
Nov 26, 2021 04:55

Animoca and Hex Trust form JV to offer GameFi crypto wallet service

Hex Trust, an Asia-based crypto-asset custodian, and Animoca Brands, a provider of blockchain gamification platforms, announced today they have formed a joint venture to provide institutional cryptocurrency wallets and financial services for online gamers. In the partnership, Hex Trust will provide its secure digital asset wallet technology and custody infrastructure to connect seamlessly with Animoca […]

The post Animoca and Hex Trust form JV to offer GameFi crypto wallet service appeared first on CryptoNinjas.

Hex Trust joins blockchain interoperability solution hashport as validator

Author: CryptoNinjas.net
Ethiopia
Nov 05, 2021 08:45

Hex Trust joins blockchain interoperability solution hashport as validator

Hex Trust, a cryptocurrency custody provider, announced today it has joined blockchain interoperability solution hashport as a validator. Developed by Limechain and BCW Technologies, hashport is designed to enable greater interoperability across blockchain systems. Currently, there are over 100 active public blockchains in the market, each with unique apps, security models, consensus mechanisms, and design […]

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Hex Trust to provide custody for native crypto-asset and protocols of Hedera

Author: CryptoNinjas.net
Ethiopia
Oct 12, 2021 08:30

Hex Trust to provide custody for native crypto-asset and protocols of Hedera

Hex Trust, an Asia-based crypto-asset custodian, today announced its partnership with Hedera Hashgraph, the enterprise-grade public ledger. Specifically, Hex Trust has integrated the Hedera network and the Hedera Token Service (HTS) standard into Hex Safe, its bank-grade custody platform, enabling support for HBAR, the Hedera network’s native cryptocurrency, and all HTS issuances on the protocol. […]

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Crypto custodian Hex Trust closes $10M funding round led by Animoca Brands

Author: CryptoNinjas.net
Ethiopia
Oct 06, 2021 12:20

Crypto custodian Hex Trust closes $10M funding round led by Animoca Brands

Hex Trust, an Asia-based licensed and insured provider of custody for crypto-assets, announced it has raised USD $10 million in an investment round led by Animoca Brands, a company specializing in digital entertainment, blockchain, and gamification. Other investors include Ripple Labs, Algorand Foundation, BCW Group, Tessera Capital Partners, Mind Fund, Double Peak Group, and Token […]

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Hex Trust adds custody support for the Klaytn blockchain native asset KLAY

Author: CryptoNinjas.net
Ethiopia
Sep 07, 2021 12:45

Hex Trust adds custody support for the Klaytn blockchain native asset KLAY

Hex Trust, an Asia-based crypto-asset custodian, today announced it has partnered with the Klaytn Foundation to enable its customers including financial institutions, digital asset natives, and HNWIs to custody the Klaytn protocol’s native token KLAY with Hex Safe, an institutional-grade custody platform. A blockchain project spearheaded by South Korean Internet giant Kakao, the Klaytn team […]

The post Hex Trust adds custody support for the Klaytn blockchain native asset KLAY appeared first on CryptoNinjas.

USDX built to support DeFi ecosystem growth: Hex Trust CEO

Author: Cointelegraph by Josh O'Sullivan
United States
Dec 24, 2024 12:00

USDX built to support DeFi ecosystem growth: Hex Trust CEO

USDX by Hex Trust integrates DeFi with Flare Network, offering 1:1 USD backing, yield generation and crosschain capabilities.

Nov 15, 2024 02:15

Hex Trust Enhances Custody and Trading Services for Injective (INJ)


Hex Trust expands its custody, staking, and trading services to the Injective (INJ)ecosystem, strengthening its role as a validator and supporting institutional investors. (Read More)

Stacks Asia partners with HEX Trust for $180B Bitcoin DeFi opportunity

Author: Cointelegraph by Zoltan Vardai
United States
Oct 30, 2024 12:00

Stacks Asia partners with HEX Trust for $180B Bitcoin DeFi opportunity

The partnership could enhance the financial utility of Bitcoin for our institutional clients, wrote Calvin Shen, the chief commercial officer at Hex Trust.

The Sandbox teams with Hex Trust for licensed, secure custody of its virtual assets

Author: CryptoNinjas.net
Ethiopia
May 11, 2023 12:10

The Sandbox teams with Hex Trust for licensed, secure custody of its virtual assets

Hex Trust, a regulated institutional-grade crypto-asset custodian, today announced it has partnered with The Sandbox, a leading decentralized gaming virtual world to enable fully-licensed and highly-secure custody of assets such as LAND in The Sandbox’s metaverse. The partnership sees Hex Trust fully integrate LAND into its custody platform, Hex Safe, which supports cryptocurrencies, security tokens, and NFTs. […]

The post The Sandbox teams with Hex Trust for licensed, secure custody of its virtual assets appeared first on CryptoNinjas.

Aug 02, 2023 05:05

East Meets West: Hong Kong's Hex Trust Secures French Crypto License

While buzz grows around the Middle East and Hong Kong as emerging crypto hubs, do not overlook Europe. Specifically, France is making waves as a potential digital asset safe haven. Hex Trust just secured a license to offer digital asset custody and trading services.

From Hong Kong to Europe: Hex Trust Gets a License in France

The recent regulatory turmoil in the cryptocurrency industry has led many firms from the US and Europe to start relocating, among other places, to Hong Kong. This time, however, a firm from China's special administrative region decided to move to Europe, thereby expanding its previous scope of activity.

Hex Trading, a digital asset custodian, has just obtained a license from France's Autorité des Marchés Financiers (AMF) and Autorité de Contrôle Prudentiel et de Résolution (ACPR). As a result, it can provide its cryptocurrency services in France. Previously, the company acquired a similar license allowing it to operate in the Italian market.

"Receiving the DASP registration from a major EU Regulator is an important vote of confidence and demonstrates our commitment to Hex Trust's ongoing expansion in Europe," commented Alessio Quaglini, the CEO and Co-Founder of Hex Trust. "The EU is a key market for Hex Trust, as we see strong growth potential and prepare for the European MiCA regulation, set up to regulate the digital asset industry in the region by 2024."

The DASP registration will fully enable Hex Trust to provide the following services: digital asset custody, the purchase/sale of digital assets for legal tender, & the trading of digital assets against other digital assets.2/3

— Hex Trust (@Hex_Trust) August 2, 2023

As new cryptocurrency market regulations come into force in Europe in 2023, some countries have begun to tighten their legislation and set higher requirements for digital asset industry firms. As a result, for example, Binance was forced to reduce its presence in Europe. What is more, company faces lawsuit over potentially illegal activities in france since 2022.

France, however, continues to offer favorable conditions for cryptocurrency companies, including a simplified registration process and tax cuts for companies operating in innovative industries. The Web3 sector is one of these industries.

Can France Become European Crypto Hub?

The introduction of the Markets in Crypto Assets (MiCA), new cryptocurrency regulations, has started to raise questions about the future of the crypto industry in Europe. However, even before the law was enacted, French authorities took steps to support the sector's development.

As part of the so-called 2030 plan, France has allocated €30 billion to develop the technology sector, including Web3. Since 2017, at least €1.3 billion has been raised in France to fund cryptocurrency projects.

Yet, France may encounter many foreign competitors on its way to become a crypto hub. Hong Kong has changed local laws for this purpose, and the United Arab Emirates (UAE) has recently issued a record number of licenses.

This article was written by Damian Chmiel at www.financemagnates.com.

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