Hex Trust, a digital asset financial services company specialising in custody, staking, and market services, announced the completion of a strategic funding round led by Morgan Creek Digital today, 7 February 2025. This Hex Trust Morgan Creek Digital investment brings Hex Trust’s total capital raised to over US$100 million.

Other participants in the round included global investors such as Injective.

The investment marks a significant milestone for the company, with funds aimed at supporting its staking and markets businesses, including potential strategic acquisitions. This funding round sets the stage for Hex Trust’s planned Series C fundraising later in 2025.

Commenting on the funding, Alessio Quaglini, CEO and Co-founder of Hex Trust, said,

“The funding paves the way for our Series C investment round as we continue to expand, innovate and enhance the digital asset services we provide to our rapidly growing institutional client base.”

Xavier Segura, General Partner at Morgan Creek Digital, added,

“With over 300 institutional clients and more than US$5 billion in assets under custody, we believe Hex Trust has demonstrated its capability to address the complex needs of institutional clients. With this financing, we have conviction in the team’s disciplined approach and ability to continue expanding their market presence.”

Founded in 2018, Hex Trust provides licensed custody, staking, markets, and investment services to over 300 institutional clients. Operating in Hong Kong as well as  Singapore and Dubai, the company adheres to strict regulatory standards while offering secure infrastructure for digital assets.

Morgan Creek Capital, on the other hand,  was formed in 2018 to focus mainly on VC investments, and has deployed over US$400 million across previous funds.

With the Hex Trust Morgan Creek Digital investment, this latest funding round bolsters the company’s operational capabilities as it prepares for further growth and its upcoming Series C raise.

Source of image: Edited from Freepik