Crypto custodian Hex Belief has secured $10 million in contemporary funding to additional the market infrastructure and safety of its licensed custody platform, Hex Protected.
- Animoca Manufacturers, a gaming and non-fungible token unicorn, led the spherical. Participation within the funding spherical additionally got here by way of Ripple Labs, Algorand Basis, BCW Group, Tessera Capital Companions, Thoughts Fund, Double Peak Group, and Token Bay Capital.
- Those that lately participated in Hex Belief’s $6M Collection A in March additionally invested together with QBN Capital, Kenetic Capital, MANTRA DAO, Borderless Capital, Radiant Tech Ventures, and Cell Rising Capital.
- Hex Belief’s contemporary funds will go towards furthering its market infrastructure and safety frameworks underpinning its Hex Protected custody platform, the agency mentioned in a press launch Tuesday. The brand new capital will even fund the corporate’s enlargement throughout its Singapore and Vietnam workplaces in addition to set up a footprint in Europe and the Center East.
- Final month, the custodian secured a license to supply custodial companies from the Financial Authority of Singapore below the nation’s Securities and Futures Act.