When was Hex Trust founded?

Hex Trust was founded in 2018 and raised its 1st funding round 3 years after it was founded.

Where is Hex Trust located?

Hex Trust is headquartered in Hong Kong, China.

Who is the current CEO of Hex Trust?

Alessio Quaglini of Hex Trust. They have also founded 3 companies.

Which legal entities is Hex Trust associated with?

Hex Trust is associated with HEX TRUST PTE. LTD. and 1 other.

How many employees does Hex Trust have?

As of May 31, 2026, the latest employee count at Hex Trust is 123.

Is Hex Trust a funded company?

Hex Trust is a funded company, having raised a total of $104M across 5 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Mar 29, 2021.

When was the latest funding round of Hex Trust?

Hex Trust's latest funding was a $***** Series B round on Feb 10, 2025, with participation from 1 investor.

Where does Hex Trust rank among its competitors?

Hex Trust ranks 3rd amongst 151 active competitors, of which 38 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Elliptic, which secured $120M in May, 2026.

Who are the top competitors of Hex Trust?

Hex Trust's top competitors include Chainalysis, Aztec and Elliptic. Among them, Elliptic secured the most recent funding round in May, 2026.

Hex Trust - 2026 Company Profile, Team, Funding & Competitors

Company Details

Custodian service for digital assets. It offers an enterprise grade multi currency custody platform. It provides cold, frozen, and ZeroKey wallet services to secure cryptocurrency. It offers APIs, on-chain segregation for transactions, multiple-factor authentication, real-time monitoring, and KYC, AML validation service. It offers fully regulated institutional digital asset custody, staking and markets services to builders, investors and service providers.

Website: www.hextrust.com/
Social
Email ID: *****@hextrust.com
Phone Number: +852 **********

Key Metrics

Founded Year

2018

Location

Hong Kong, China

Stage

Series B

Total Funding

$104M in 5 rounds

Latest Funding Round

Series B, Feb 10, 2025, $*****

Investors

Animoca Brands & 32 more

Ranked

3^rd among 151 active competitors

Employee Count

123 as on May 31, 2026

Investment & Acquisitions

Everything & 8 more

Similar Companies

Chainalysis & 135 more

View Hex Trust's full profile

Hex Trust is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Hex Capital Group Limited CIN: 679909 , China, Active	Dec 31, 2017	-	-	-
HEX TRUST PTE. LTD. CIN: 202016081W , Singapore, Active	Jun 09, 2020	-	-

Hex Trust has raised a total funding of $104M over 5 rounds. Its first funding round was on Mar 29, 2021. Its latest funding round was a Series B round on Feb 10, 2025 for $*****. 1 investor participated in its latest round. Hex Trust has 31 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of Hex Trust:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 10, 2025	5702655	Series B	4983055	9586138	6206015	4447234
Mar 15, 2022	4324557	Series B	2142455	9923988	6163019	Ripple & 6 more
Oct 11, 2021	4596702	Series A	5918331	6449165	Animoca Brands	Ripple & 12 more

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View details of Hex Trust's funding rounds and investors

The founders of Hex Trust are Alessio Quaglini, Rafal Czerniawski and Marc Amez Droz. Alessio Quaglini is the CEO of Hex Trust.

Here are the details of Hex Trust's key team members:

Alessio Quaglini: Co-Founder & CEO of Hex Trust and founder of 2 other companies, Synnax and Clearpool. They serve on the board of 1 company.
Contact Info: 1 email address
Rafal Czerniawski: Co-Founder & CTO of Hex Trust. They serve on the board of 1 company.
Contact Info: 1 email address
Marc Amez Droz: Co-Founder of Hex Trust and founder of 3 other companies, Betatron Venture Group, IC Studio and Astoni.
Contact Info: 1 email address

Hex Trust's Board of Directors

Hex Trust's board has 3 active members. Alessio Quaglini and Rafal Czerniawski are part of team and Woo Ka Keung Alex is independent board member.

Here is the list of Hex Trust's board of directors:

Name	Type	Representing	Status	Duration
Alessio Quaglini	Team	-	Current	15y 11m
Rafal Czerniawski	Team	-	Current	5y 11m
susxcap	Team	-	Past	4y 2m
kqlfeet	Team	-	Past	2y 3m
Woo Ka Keung Alex	Independent board member	-	Current	2y 5m
qbckpqj	Independent board member	-	Past	9y 7m
payu{au	Independent board member	-	Past	1y 1m

View details of Hex Trust's Founder profiles and Board Members

Hex Trust's employee count trend

Hex Trust has 123 employees as of May 26. Here is Hex Trust's employee count trend over the years:

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Top competitors of Hex Trust include Chainalysis, Aztec and Elliptic. Here is the list of Top 10 competitors of Hex Trust, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Chainalysis 2014, New York City (United States), Series F	Blockchain data platform providing crypto insights	$538M	GIC, Sound Ventures & 45 others	77/100
2nd	Aztec 2018, London (United Kingdom), Series B	Blockchain-based network for digital security token management	$119M	Andreessen Horowitz, Paradigm & 28 others	72/100
3rd	Hex Trust 2018, Hong Kong (China), Series B	Custodian service for digital assets	$104M	Primavera, Double Peak & 31 others	70/100
4th	Elliptic 2013, London (United Kingdom), Series D	Provider of blockchain analytics software for digital asset risk management	$224M	Paladin Capital, Evolution Equity Partners ... & 35 others	70/100
5th	Cobo 2017, Singapore (Singapore), Series B	Provider of digital asset custody and wallet infrastructure solutions	$70M	IMO Ventures, DST Global & 8 others	70/100
6th	Copper 2018, Zug (Switzerland), Series C	Provider of digital asset custody and off-exchange settlement infrastructure services	$791M	Dawn Capital, LocalGlobe & 14 others	68/100
7th	TRM Labs 2018, San Francisco (United States), Series C	Provider of blockchain intelligence for detecting crypto-facilitated crime and compliance	$220M	Blockchain Capital, Thoma Bravo & 40 others	66/100
8th	Unchained Capital 2017, Austin (United States), Series B	Custodian solutions for cryptocurrencies	$106M	Valor Equity Partners, Ecliptic Capital & 14 others	66/100
9th	First Digital 2001, Hong Kong (China), Acquired	Custodian solutions for cryptocurrencies	$28.2M	Nogle Capital Management, Nogle & 1 others	63/100
10th	Bitcoin Suisse 2013, Zug (Switzerland), Series A	DIversified financial solutions for cryptocurrencies	$103M	Studer Family Office, RockawayX & 4 others	63/100

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Hex Trust has made 8 investments in companies including Everything and MANTRA Chain. Hex Trust has also acquired 1 companies including Byte Trading.

Here is the list of investments & acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jan 26, 2026	Investments	Everything	2022	San Francisco (United States)
Feb 14, 2025	Acquisition	Byte Trading	2021	London (United Kingdom)
Mar 19, 2024	Investments	MANTRA Chain	2020	Switzerland