Hong Kong-based digital asset custody service provider Hex Trust has completed its Series A round raising $6 million led by fintech-focused QBN Capital.
A slew of investors including Cell Rising, Radiant Tech Ventures, Kenetic Capital, HashKey, MD Labs, Fenbushi Capital, Borderless Capital, Genesis Block Ventures and Henri Arslanian joined the round, per a statement on March 30.
The funding follows the company’s launch of a secure way of storing non-fungible tokens earlier this month.
Proceeds from the latest round will be deployed to advance its Hex Safe offering whilst establishing its compliance section. Hex Trust will also invest part of the funding to recruit talent based in Hong Kong and Singapore.
Set up in 2018, Hex Trust helps maximise digital asset management for banks, financial institutions, and corporates.
CHINA DEAL MONITOR
DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region on March 30 – 31, 2021.
