{"id":"hex-trust","title":"Hex Trust","content":"**Hex Trust** is a fully-licensed financial institution founded in 2018 that specializes in providing institutional-grade services for digital assets. The company offers a comprehensive suite of services, including custody, staking, over-the-counter (OTC) trading, and investment solutions tailored for a clientele of builders, investors, financial institutions, and high-net-worth individuals. Headquartered in Hong Kong, Hex Trust has established a global presence with offices across Asia, the Middle East, and Europe. [\\[1\\]](#cite-id-0zmvdFSOFdO6rRPA) [\\[2\\]](#cite-id-kQxLlg2FnmtkXLJS)​\n\n## Overview\n\nHex Trust was established to provide secure and compliant financial infrastructure for the digital asset ecosystem. The company positions itself as a market leader in institutional digital asset services, emphasizing regulatory adherence and security. Its platform is designed to be \"Regulation-ready,\" incorporating features that comply with [Know Your Customer (KYC)](https://iq.wiki/wiki/know-your-customer-kyc), [Anti-Money Laundering (AML)](https://iq.wiki/wiki/anti-money-laundering-aml), and Counter-Terrorism Financing (CTF) requirements. This focus on compliance is supported by registrations and licenses in multiple jurisdictions and a series of third-party security audits. [\\[1\\]](#cite-id-0zmvdFSOFdO6rRPA)​\n\nThe firm's target clients include protocols, foundations, traditional financial institutions, and high-net-worth individuals (HNWIs), offering them a single, integrated platform for managing digital assets. Hex Trust's services span the entire asset lifecycle, from secure storage and trading to staking and specialized investment products. The company is backed by investors including [Morgan Creek Digital](https://iq.wiki/wiki/morgan-creek-digital) and maintains a strong focus on the Asian market, participating in major regional industry events such as Consensus Hong Kong, [Bitcoin](https://iq.wiki/wiki/bitcoin) Asia, and [TOKEN2049](https://iq.wiki/wiki/token2049) in Singapore. [\\[2\\]](#cite-id-kQxLlg2FnmtkXLJS) [\\[3\\]](#cite-id-R39ZWTQOf3vPfYQg)​\n\n## Services\n\n### Custody\n\n* **Full Custody and Custody Services:** These services form the foundation of Hex Trust's offering, providing secure storage solutions for a wide range of digital assets. This includes enterprise-grade options and account re-assignment features for flexible management.\n* **Escrow Services:** Hex Trust acts as a neutral third party to hold digital assets in escrow, facilitating secure transactions and agreements between parties.\n* **Wallet Infrastructure:** The company provides robust wallet infrastructure, which serves as the backbone for its custody and other services, ensuring the safety and accessibility of client assets. [\\[1\\]](#cite-id-0zmvdFSOFdO6rRPA) [\\[5\\]](#cite-id-p9kNZ631aCVChOPv) \n\n### Staking\n\nHex Trust provides staking services that allow clients to earn rewards by participating in the validation process of [proof-of-stake (PoS)](https://iq.wiki/wiki/proof-of-stake) [blockchains](https://iq.wiki/wiki/blockchain). [\\[1\\]](#cite-id-0zmvdFSOFdO6rRPA)​\n\n* **Institutional and Full Staking:** The company offers comprehensive staking solutions that manage the technical complexities of staking on behalf of clients.\n* **Validator-as-a-Service:** For [blockchain](https://iq.wiki/wiki/blockchain) protocols and other large-scale clients, Hex Trust offers Validator-as-a-Service, providing and managing the dedicated infrastructure required to run a network [validator](https://iq.wiki/wiki/validator) [node](https://iq.wiki/wiki/node).  [\\[6\\]](#cite-id-0lz1JD3IjmyeAOiR) [\\[3\\]](#cite-id-R39ZWTQOf3vPfYQg)\n\n### Markets\n\n* **Over-the-Counter (OTC) Trading:** Hex Trust offers a high-touch OTC trading desk for executing large-volume trades with minimal market impact. This service is designed for institutional clients and HNWIs who require deep liquidity.\n* **Financing:** The company provides digital asset financing services, allowing clients to leverage their holdings for various strategic purposes.\n* **Asset Wrapping:** Hex Trust facilitates the wrapping of assets, which involves creating a tokenized version of an asset on a different blockchain to enhance its utility and interoperability. An example of this is the creation of wXRP.  [\\[1\\]](#cite-id-0zmvdFSOFdO6rRPA) [\\[4\\]](#cite-id-CCngXW4ZkQkNY6yh)  [\\[7\\]](#cite-id-EaQoRO6x47LibgwB) \n\n### Other Financial Solutions\n\nBeyond its core services, Hex Trust has developed specialized products targeting specific client segments. \n\n* **Aura by Hex Trust:** This platform is a dedicated wealth management solution for private wealth clients and digital asset investors. It provides access to a range of investment products and strategies within the digital asset space. [\\[2\\]](#cite-id-kQxLlg2FnmtkXLJS) [\\[8\\]](#cite-id-9HYo8jwVQAoUaBJX) \n* **Convert-to-pay:** This service is a payment solution that facilitates the conversion and payment of digital assets.  [\\[9\\]](#cite-id-j5YMyFavStngFBkD) \n* **Investment Solutions:** Hex Trust offers broader investment solutions focused on institutional strategy and treasury management, including guidance on incorporating [Bitcoin](https://iq.wiki/wiki/bitcoin) and other digital assets into corporate treasury plans. [\\[3\\]](#cite-id-R39ZWTQOf3vPfYQg)\n\n## Hex Trust USD (USDX)\n\n​[Hex Trust USD (USDX)](https://iq.wiki/wiki/hex-trust-usd) is a U.S. dollar–referenced [stablecoin](https://iq.wiki/wiki/stablecoin) developed by HT Digital Assets, the tokenization arm of Hex Trust. The [stablecoin](https://iq.wiki/wiki/stablecoin) is designed to maintain a 1:1 value with the U.S. dollar and is backed by reserves consisting primarily of cash, cash equivalents, and short-term U.S. Treasury bills held with regulated financial institutions. \n\n​[USDX](https://iq.wiki/wiki/hex-trust-usd) was launched as a native [stablecoin](https://iq.wiki/wiki/stablecoin) on the [Flare Network](https://iq.wiki/wiki/flare) and is intended to function as a stable asset within [decentralized finance](https://iq.wiki/wiki/defi) [applications](https://iq.wiki/wiki/decentralized-application) such as lending, borrowing, and collateralization. The token can also be integrated into yield-generating strategies through partnerships with [decentralized finance](https://iq.wiki/wiki/defi) platforms, allowing holders to deploy the asset in [liquidity pools](https://iq.wiki/wiki/liquidity-pool) or treasury-based strategies while maintaining exposure to a dollar-pegged digital asset. [\\[10\\]](#cite-id-BUBKCGCJpiGeSe6G)  [\\[11\\]](#cite-id-gFTm4BvRKYrUXYr5) \n\n## Global Presence\n\nHex Trust operates globally with a network of offices in key financial centers across Asia, the Middle East, and Europe. The company maintains an employee count of between 51 and 200 individuals. [\\[2\\]](#cite-id-kQxLlg2FnmtkXLJS)​\n\n* **Hong Kong**\n* **Singapore**\n* **Dubai, UAE**\n* **Milan, Italy**\n* **Ho Chi Minh City, Vietnam** [\\[4\\]](#cite-id-CCngXW4ZkQkNY6yh)\n\nThe company has a particular strategic focus on the Asian market. This is evidenced by its active participation and presence at major regional industry conferences, including Consensus Hong Kong, [Bitcoin](https://iq.wiki/wiki/bitcoin) Asia, and [TOKEN2049](https://iq.wiki/wiki/token2049) in Singapore. [\\[3\\]](#cite-id-R39ZWTQOf3vPfYQg)​\n\n## Partnerships\n\nHex Trust is backed by institutional investors and has formed strategic partnerships to enhance its service offerings. The venture capital firm Morgan Creek Digital is one of the company's known investors. [\\[2\\]](#cite-id-kQxLlg2FnmtkXLJS)​\n\nIn the area of institutional staking, Hex Trust has collaborated with prominent blockchain protocols. Notable partners include:\n\n* **Hedera:** Hex Trust works with [Hedera](https://iq.wiki/wiki/hedera) to provide institutional staking services.\n* **Clearpool:** The company has also partnered with Clearpool for institutional staking solutions. [\\[3\\]](#cite-id-R39ZWTQOf3vPfYQg)","summary":"Hex Trust is a fully-licensed and regulated financial institution for digital assets. 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