Hex Trust, an Asia-based crypto custodian, recently raised $88M in a round led by Animoca Brands and Liberty City Ventures. Additional investors include Ripple, Terraform Labs, Morgan Creek, Primavera Venture Partners, and LeadBlock Partners. Crypto custody firms offer complex technologies required to safeguard digital assets held by regulated institutions. The company intends to utilize the funding to expand geographically in Europe and the Middle East.
