March 16, 2022 Hex Trust raises $88M.

Cryptoasset custodian Hex Trust has raised $88M in a Series B round closed this week. The firm intends to use this funding to gain regulatory approval in several countries in the Middle East region. The round was co-led by Animoca Brands and Liberty City Ventures, with participation from Ripple, Terraform Labs, and Morgan Creek.

Sources: