Hex Belief Acquires Byte Buying and selling, Expands Into the Institutional Market

Hex Belief, a Hong Kong-based crypto custodian, introduced on Friday that it had acquired Byte Buying and selling for an undisclosed quantity, increasing its presence in institutional markets.

Based on a press launch shared with Cryptonews, the acquisition strengthens Hex Belief’s institutional choices by integrating Byte Buying and selling’s buying and selling platform into its present custody and prime providers.

This deal follows the launch of Hex Belief’s E-Buying and selling platform in November 2024, reinforcing the agency’s enlargement technique in digital asset markets.

Hex Belief to Combine Byte Buying and selling’s Low-Latency Buying and selling Expertise

Byte Buying and selling is thought for its buying and selling platform optimized for low-latency commerce execution.

By incorporating Byte Buying and selling’s expertise into Hex Belief’s infrastructure, the agency said that the mixing would improve its buying and selling providers for institutional shoppers.

“The acquisition of Byte Buying and selling marks one other necessary milestone in Hex Belief’s strategic growth,” mentioned Alessio Quaglini, CEO and Co-founder of Hex Belief. “Their best-in-class expertise accelerates our transformation from a custody supplier to a full-service monetary establishment, empowering us to fulfill the rising calls for of institutional buyers within the digital property house.”

Hex Belief Raises Funding in Morgan Creek Digital-Led Spherical

Hex Belief secured new funding final week in a spherical led by Morgan Creek Digital, with participation from a number of international buyers, together with Injective. The newest funding spherical precedes Hex Belief’s deliberate Collection C elevate, anticipated in late 2025.

Morgan Creek Digital’s normal associate, Xavier Segura, expressed confidence in Hex Belief’s means to fulfill the evolving wants of institutional shoppers.

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

With its newest funding, Hex Belief is reinforcing its deal with safety and regulatory compliance in digital asset providers.

By integrating Byte Buying and selling, Hex Belief is betting that the way forward for institutional crypto lies in seamless, all-in-one platforms.

This raises an necessary query—will this mannequin improve institutional adoption or create new dangers by concentrating custody and execution in a single place?

Because the trade matures, the companies that get this steadiness proper will set the usual for the following section of digital asset finance.

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