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.

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 Jun 30, 2026, the latest employee count at Hex Trust is 120.

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. Its primary sector is Cryptocurrencies. In China, the Cryptocurrencies sector has seen $351M in funding in 2026 to date.

Where does Hex Trust rank among its competitors?

Hex Trust ranks 3rd amongst 160 active competitors, of which 37 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Elliptic, which secured an undisclosed amount in Jul, 2026.

Who are the top competitors of Hex Trust?

Hex Trust's top competitors include Aztec, Chainalysis and Elliptic. Among them, Elliptic secured the most recent funding round in July, 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 160 active competitors

Employee Count

120 as on Jun 30, 2026

Investment & Acquisitions

Everything & 8 more

Similar Companies

Chainalysis & 143 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	3190341	Series B	7955315	9899726	4649303	5678658
Mar 15, 2022	2129870	Series B	6639474	3871866	8069685	Ripple & 6 more
Oct 11, 2021	1990857	Series A	8230159	1341374	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	16y 1m
Rafal Czerniawski	Team	-	Current	6y 1m
nnuuqbh	Team	-	Past	7y 8m
dotffoj	Team	-	Past	1y 8m
Woo Ka Keung Alex	Independent board member	-	Current	2y 7m
qgvrtsk	Independent board member	-	Past	1y 4m
r{gviav	Independent board member	-	Past	1y 2m

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

Hex Trust's employee count trend

Hex Trust has 120 employees as of Jun 26. Here is Hex Trust's employee count trend over the years:

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Top competitors of Hex Trust include Aztec, Chainalysis 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	Aztec 2018, London (United Kingdom), Series B	Blockchain-based network for digital security token management	$119M	Andreessen Horowitz, Paradigm & 28 others	72/100
2nd	Chainalysis 2014, New York City (United States), Series F	Blockchain data platform providing crypto insights	$538M	GIC, Ribbit Capital & 45 others	71/100
3rd	Hex Trust 2018, Hong Kong (China), Series B	Custodian service for digital assets	$104M	Primavera, Tessera Venture Partners & 31 others	70/100
4th	Elliptic 2013, London (United Kingdom), Series D	Provider of blockchain analytics software for digital asset risk management	$224M	One Peak, Paladin Capital & 36 others	70/100
5th	Cobo 2017, Singapore (Singapore), Series B	Provider of digital asset custody and wallet infrastructure solutions	$70M	IMO Ventures, DHVC & 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, MMC Ventures & 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, NYDIG & 15 others	65/100
9th	Bitcoin Suisse 2013, Zug (Switzerland), Series A	DIversified financial solutions for cryptocurrencies	$103M	Studer Family Office, RockawayX & 4 others	63/100
10th	First Digital 2001, Hong Kong (China), Acquired	Custodian solutions for cryptocurrencies	$28.2M	Nogle, Nogle Capital Management & 1 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