The startup provides bank-grade custody solutions for digital assets through a proprietary platform that integrates custody, decentralized finance (DeFi), brokerage, and financing services. This offering enables financial institutions and clients to securely manage and transact digital assets while ensuring compliance and risk mitigation in a rapidly evolving ecosystem.
Funding
$77M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+1Founders
Product
Problem
Financial institutions face challenges in securely managing digital assets due to evolving regulatory landscapes, the need for robust security infrastructure, and the complexities of integrating with decentralized finance (DeFi) ecosystems. Existing custody solutions often lack the scalability, compliance readiness, and broad asset support required to meet institutional needs.
Solution
Hex Trust provides a fully regulated platform for institutional digital asset custody, staking, and markets services, enabling financial institutions, protocols, and Web3 organizations to securely manage and transact digital assets. The platform offers a compliance-first approach, adhering to KYC, AML, and CTF requirements, and supports a wide range of blockchains and digital assets, including NFTs. Hex Trust's proprietary platform, Hex Safe, features bank-grade workflows, multi-wallet infrastructure, and transaction policies to ensure the highest level of security and scalability. By integrating custody, DeFi, and brokerage services, Hex Trust facilitates institutional participation in the digital asset ecosystem while maintaining regulatory compliance and mitigating risk.
Target Audience
Hex Trust primarily serves financial institutions, protocols and foundations, and Web3 organizations seeking secure, compliant, and scalable solutions for managing digital assets. This includes banks, asset managers, hedge funds, VC funds, exchanges, and brokerage firms.
Features
- Institutional-grade custody solutions with SOC-2 compliance and comprehensive insurance coverage
- Support for a wide range of digital assets, including Bitcoin, Ethereum, and various altcoins across multiple blockchains (e.g., Linea, Polkadot, Cosmos)
- Full staking services, including validator-as-a-service, enabling clients to earn rewards on staked assets
- Integration with the Babylon Bitcoin Staking protocol, allowing clients to stake Bitcoin directly on the Bitcoin blockchain
- Multi-wallet infrastructure with flexible sub-account structures for enhanced security and transparency
- Bank-grade workflows with full segregation of roles and responsibilities to eliminate single points of failure
- Connectivity interfaces, including full custody and settlement APIs and SWIFT/FIX interface, for seamless integration with existing systems
- Support for institutional-grade custodial staking through partnerships with platforms like Kiln
- Integration with DeFi protocols like Aave, enabling institutions to lend and borrow digital assets securely
- NFT custody solutions with a dedicated NFT dashboard for managing historical artwork, digital land, and in-game assets
- Cold and warm wallet solutions with risk management and approval policies
- Integration with IBM Hyper Protect for enhanced data security and protection