Hex Trust, Asia’s leading digital asset custodian and infrastructure platform for the banking sector, has announced that Kenetic, one of Asia’s leading blockchain investment firms, has invested in Hex Trust. Jehan Chu, Co-founder & Managing Partner of Kenetic, will also join Hex Trust’s Board of Directors.
The funding will be used to enhance the bank-grade infrastructure platform and position Hex Trust to scale as Asia’s leading digital asset custodian and the leading turnkey solution for banks and financial institutions to enter the digital asset ecosystem. The fully licensed and insured platform, Hex Safe, provides compliance-focused custody designed to meet the rigorous requirements of highly regulated financial institutions. Hex Safe has been developed with an integration layer which seamlessly connects with third-party platforms in the industry such as exchanges, OTCs, lending and staking platforms.
Hex Trust has secured three milestone banking clients in Asia and Europe along with clients in the digital asset ecosystem such as exchanges, investment funds and family offices. Notable partnerships include a global partnership with IBM and R3, as the first custodian to integrate Corda.
Jehan Chu, Co-founder & Managing Partner of Kenetic commented: “We are thrilled to join Hex Trust on their mission to bring banks and financial institutions into the digital asset age. Digital assets will transform capital markets and facilitate the greatest economic expansion the world has seen in a century, and we believe experienced teams like Hex Trust are positioned to capture the Asian Market.”
Alessio Quaglini, Co-founder & CEO of Hex Trust commented: “The key to success for Hex Trust is a combination of knowledge and experience in both traditional finance and the digital assets space. Jehan brings to Hex Trust invaluable expertise and an extensive network to connect Hex Trust with the key players and biggest projects in the digital asset ecosystem. The investment from Kenetic and the active participation of Jehan arrives in an important moment during our growth phase at Hex Trust, as we integrate additional services, onboard new clients and expand geographically.”