Hex Trust has completed a strategic funding round, gathering over $100M from Morgan Creek Digital. The fresh capital will enable Hex Trust to enhance its staking and market divisions, possibly through strategic acquisitions.
This substantial capital infusion was led by Morgan Creek Digital and supported by various global investors, including Injective. This move favors Hex Trust as it approaches its Series C funding round for late 2025.
Morgan Creek Digital, known for its venture capital investments in digital innovation since 2018, has committed significant resources totaling over $400 million in various entities. Their support underscores Hex Trust’s growing influence and operational success in the digital asset sector.
This strategic financial backing is expected to bolster Hex Trust’s capabilities in serving institutional clients with more complex and sophisticated needs. Currently, Hex Trust manages over $5 billion in assets under custody for more than 300 institutional clients.
According to Xavier Segura, GP of Morgan Creek Digital, Hex Trust’s dedication to regulatory compliance and security makes it a pivotal entity in the digital asset ecosystem, particularly in the Asia-Pacific region and beyond. The funding supports Hex Trust’s operational expansion and reinforces its market leadership stance in providing institutional-grade digital asset services.