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Animoca Brands Co-leads $88M Series B Funding Round of Hex Trust

Digital asset custodian Hex Trust has announced raising $88 million in a Series B funding round.
As per the official blog post, the funding round was led by Animoca Brands and Liberty City Ventures. Hex will deploy the funds towards expanding its footprint and scaling its operations.
Hex Trust’s Funding Round
The funding round also saw participation from Ripple, Terra, Morgan Creek, Primavera Venture Partners, LeadBlock Partners, Eterna Capital, Sino Global Capital, Topaz, as well as CEO of Hong Kong real estate giant New World Development – Adrian Cheng. Other high-profile blockchain players such as BlockFi, CoinList, Protocol Labs, Pulsar Trading, and Wintermute also backed Hex’s investment.
So far, Hex Trust has over 100 employees across offices in Hong Kong, Singapore, and Vietnam. The crypto custodian plans to infuse the fresh capital to expand across Europe and the Middle East and rake in additional licenses. It also aims to continue the development and innovation of Hex Sa

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