Hex Belief Secures Strategic Funding Led by Morgan Creek Digital

Hong Kong-based crypto custodian Hex Belief efficiently closed a strategic funding spherical led by Morgan Creek Digital on Friday.

In an announcement shared with CryptoNews, Hex Belief stated the spherical noticed participation from a number of world buyers, together with Injective, bringing Hex Belief’s whole funding to over $100 million. The capital increase comes at a time when the corporate is getting ready for its Sequence C spherical later in 2025.

The funding secured shall be used to help the agency’s enlargement efforts, specializing in scaling its staking and market companies enterprise. Moreover, Hex Belief plans to discover potential strategic acquisitions to enhance its market presence.

Rise in Institutional Demand for Regulated Digital Belongings

Hex Belief stated with growing institutional demand for safe and controlled digital asset options, the agency is attempting to solidify its place as a trusted accomplice for institutional buyers, builders, and repair suppliers.

“The funding paves the way in which for our Sequence C funding spherical as we proceed to broaden, innovate, and improve the digital asset companies we offer to our quickly rising institutional shopper base,” stated Alessio Quaglini, CEO and co-founder of Hex Belief.

Morgan Creek Digital Backs Hex Belief’s Imaginative and prescient

Morgan Creek Digital’s basic accomplice Xavier Segura expressed confidence in Hex Belief’s potential to satisfy the evolving wants of institutional shoppers.

“We’re happy to help Hex Belief of their latest strategic financing spherical. With over 300 institutional shoppers and greater than US$5 billion in belongings beneath custody, we consider Hex Belief has demonstrated its functionality to deal with the advanced wants of institutional shoppers,” stated Xavier Segura, basic accomplice at Morgan Creek Digital.

Segura went on to clarify that Hex Belief’s give attention to regulatory compliance, safety, and integration with legacy institutional portfolios has positioned them to serve the rising demand within the digital asset house in APAC and past.

“With this financing, we have now conviction within the group’s disciplined strategy and talent to proceed increasing their market presence,” stated Segura.

Hex Belief was based again in 2018, and is a licensed custody, staking, markets, and funding agency working with institutional companies, banks, funds, and exchanges.

As Hex Belief expands its companies with contemporary capital, buyers and establishments might look extra carefully at regulated custody options and the broader evolution of digital belongings. This funding spherical alerts an ongoing shift towards enhanced safety and compliance in crypto markets.

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