Hex Trust
28/F, 308 Des Voeux Rd Central, Sheung Wan, Hong Kong, Hong Kong Island
Overview
Hex Trust is a fully-licensed and insured provider of bank-grade custody for digital assets. Through our proprietary platform Hex Safe™, we deliver custody, DeFi, brokerage, and financing solutions for financial institutions, digital asset organizations, corporate and private clients. Hex Trust has offices in Hong Kong, Singapore, and Vietnam and is expanding across Europe and the Middle East. Our mission is to provide the infrastructure that enables banks and financial institutions to adopt and integrate digital assets into their business models within a highly secure, scalable and compliant custody framework. Hex Trust is registered as a Trust Company under the Hong Kong Trust Ordinance and holds a Trust or Company Service Provider (TCSP) license under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance. In Singapore, Hex Trust holds a Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS) allowing the company to provide custodial services regulated under Singapore’s Securities and Futures Act.
- Total investments
- 6
- Lead investments
- 0
- Investments · 12mo
- 1
- Active investors
- 9
Sector focus
- Banking
- Blockchain
- Cloud Infrastructure
- Cryptocurrency
- Financial Services
- FinTech
- IT Infrastructure
Investment portfolio
- Everything
Participated · Seed · Jan 2026
Everything is developing an integrated trading platform that combines perpetual futures, spot markets, prediction markets, and payments under one roof. Its core promise is a single account and balance that function seamlessly across Telegram, mobile, desktop, and web, eliminating the need for multiple venues with inconsistent rules. To curb bot activity and multi-account manipulation, the exchange natively integrates Humanity’s Proof-of-Trust human-verification so every user is limited to one authenticated account. The product is aimed at retail traders seeking transparency and fairness and will launch first as a Telegram mini-app before expanding to other interfaces. Management includes veterans from KuCoin, Alibaba, and Tencent, who plan to extend market access to crypto, equities, and commodities with leveraged trading options. Future feature rollouts and community incentives are outlined in the company’s litepaper. The $6.9 million seed financing provides initial capital for product development, phased rollout, and ecosystem growth.
- MANTRA
Participated · Equity · Mar 2024
MANTRA aims to transform private-market assets into tradable digital tokens within the DeFi ecosystem, with real-time data reporting. The company is building a full market infrastructure for tokenized real-world assets (RWA) and plans to leverage regulatory frameworks and local infrastructure in the U.S. and the United Arab Emirates. MANTRA already has a Dubai subsidiary with a full license to operate digital-asset services. The recent strategic partnership with Inveniam and access to the AI capabilities of G42 in the UAE are positioned to accelerate that buildout. The initiative targets an estimated $18.9 trillion RWA opportunity by 2033. Operational metrics are under pressure: MANTRA’s TVL fell from over $4 million in April to under $500,000 in August while its native OM token collapsed more than 90%, erasing over $5 billion of market value. MANTRA Labs is an RWA L1 blockchain project focused on building compliant infrastructure for tokenizing real-world assets. The company provides developer support and tooling to accelerate RWA tokenization on its protocol. MANTRA’s stated goals include expanding RWA tokenization and creating an ecosystem that meets regulatory and compliance needs. The article reports MANTRA completed a financing of $11 million. The raise was described as a strategic investment led by Shorooq Partners. No operating metrics, founding year, or location were provided in the article.
- Synnax
Participated · Seed · Mar 2024
Synnax develops an AI-driven credit intelligence platform that aggregates encrypted and public data to produce consensus, forward-looking credit ratings via a decentralized network of incentivized data scientists. The protocol uses state-of-the-art encryption so issuers can confidentially share data while models infer on encrypted inputs. Outputs from multiple independent models are aggregated to generate unbiased, consensus-based credit intelligence and frequent updates such as probabilities of default and predictive financial ratios. Synnax employs blockchain-enabled processes and a token-based participation model to ensure transparency, scalability, and incentives for contributors. The company positions its product to facilitate on-chain migration of the conventional private credit market and to address transparency, bias, and conflicts of interest in existing rating systems. The recent pre-seed funding will support continued product development and go-to-market efforts.
- Kaleidoco
Participated · Seed · Jun 2022
Kaleidoco builds augmented reality experiences and a mixed-reality Particle Ink Metaverse, using patent-pending Augmented Reality Multi-Viewer technology and its Augmented Unification Technology. The company debuted Particle Ink at TED2022, synchronizing nearly 1,400 in-venue devices to deliver AR, projection mapping, and live performance to attendees and a global broadcast. Kaleidoco opened a live portal, Particle Ink: The Speed of Dark, in the Las Vegas Arts District and runs scheduled in-person experiences. Later this year it plans to release its first AR NFT collection and a GameFi experience built on its platform. Co-founders and co-CEOs Jennifer Tuft and Cassandra Rosenthal lead the company and emphasize AR as a foundation for a metaverse grounded in the physical world. The company recently raised capital to accelerate growth through key hires and continued development of its AR Tech Platform and Particle Ink Metaverse.
- Hex Trust
Participated · Equity · Oct 2021
Hex Trust is a Hong Kong-based provider of digital asset custody services founded in 2018. The company is known for its proprietary bank-grade platform, Hex Safe, which delivers decentralized finance and prime trading solutions to financial enterprises, digital-asset firms, and other organisations. Hex Trust was founded by Alessio Quaglini, Marc Amez-Droz, and Rafal Czerniawski. According to reports, the company raised $88 million in a Series B round that increased its capitalization to $300 million. The articles do not disclose revenue or user metrics. Hex Trust operates Hex Safe, a licensed custody platform for crypto assets. The company recently secured $10 million in fresh funding to bolster market infrastructure and security frameworks for Hex Safe. The round was led by Animoca Brands with participation from several crypto and institutional investors. Hex Trust said the capital will fund expansion in Singapore and Vietnam and establish a footprint in Europe and the Middle East. The custodian also noted it recently obtained a license to provide custodial services from the Monetary Authority of Singapore under the Securities and Futures Act. Investors from Hex Trust's March $6 million Series A also took part in the latest investment. Hex Trust operates a bank-grade custody solution, Hex Safe™, providing custody and treasury management services for virtual currencies, security tokens and NFTs. The company said a strategic investment from Cyberport will enable it to scale operations and recruit talent across Hong Kong and wider Asian markets. Hex Trust plans to enhance its licensing framework to address growing institutional demand for digital assets in Asia and to expand operations into European markets through a partnership with SIA. Management emphasized staying focused on improving Hex Safe™ and on enabling digital-asset adoption by regulated financial institutions and banking platforms. Prior to the Cyberport investment, Hex Trust completed a March 2021 Series A, raising $6 million in capital from a group of investors. Cyberport is managed by the Hong Kong SAR Government and is Hong Kong’s largest tech hub, which Cyberport says helped attract co-investments from professional investors into Hex Trust. Hex Trust is a Hong Kong-based digital asset custody service provider founded in 2018. The company helps banks, financial institutions, and corporates maximize digital asset management. In March 2021 it launched a secure way of storing non-fungible tokens. Hex Trust recently completed a $6 million Series A round led by fintech-focused QBN Capital with participation from multiple crypto and venture investors. Proceeds will be used to advance its Hex Safe offering, establish a compliance section, and recruit talent. The company plans hiring in Hong Kong and Singapore to support these initiatives.