Digital Asset Custody Supplier Hex Belief Finalizes $6M Spherical led by QBN Capital

Hong Kong-headquartered crypto-asset custody service supplier Hex Belief reveals that it has secured $6 million in capital through a Sequence A spherical that was led by QBN Capital.

As a part of its newest funding spherical, Hex Belief additionally obtained contributions from Cell Rising, Radiant Tech Ventures, Kenetic Capital, HashKey, MD Labs, Fenbushi Capital, Borderless Capital, Genesis Block Ventures and Henri Arslanian.

Hex Belief’s administration famous that the funds raised would enable it to additional scale its enterprise operations whereas having the ability to recruit new expertise to work at its Hong Kong and Singapore workplaces.

Hex Belief additional famous that in 2021, they’ll make plans to  broaden operations into the European market, the place the corporate has teamed up with SIA, a longtime supplier of banking tech infrastructure.

Hex Belief mentioned the capital secured may even be directed in direction of making enhancements to its proprietary, bank-grade custody answer, known as Hex Secure™. The technology-driven service supplies a variety of custody and treasury administration options for digital property, safety tokens, and non-fungible tokens (NFTs) as effectively.

Alessio Quaglini, CEO and Co-founder at Hex Belief, said:

“We’re previous the inflection level, as blockchain has established itself as the following monetary markets infrastructure. Monetary establishments are rapidly making their strikes, and the following 12 months might be vital to outline the construction of the general market. Hex Belief is now completely positioned to speed up its development and play a number one function on this house, enabling digital property adoption for a broad vary of regulated monetary establishments. We’re thrilled to be accompanied on this journey by such established traders.”

As famous by its administration crew, Hex Belief claims to be considered one of Asia’s main digital asset custodians. The corporate says it’s “absolutely licensed, insured, and supplies bank-grade custody for digital property.”

Hex Belief is reportedly led by skilled banking technologists and “award-winning” monetary markets. The corporate has developed a proprietary platform – Hex Secure™ – that “delivers a versatile custody answer for banks, monetary establishments, asset managers, exchanges, and companies to securely, securely, and effectively function within the digital asset ecosystem.”

As defined by Hex Belief:

‘”By means of Hex Secure™, purchasers can entry liquidity suppliers, exchanges and lending & staking platforms, enabling seamless entry to providers whereas property are held in our highly-secure and controlled platform. Hex Belief has workplaces in Hong Kong and Singapore.”

As lined in April 2020, Hex Belief turned the very first licensed crypto-asset custodian in Hong Kong to combine its providers with R3’s Corda platform.