According to Foresight News, Hong Kong digital asset custodian Hex Trust is planning a new funding round this year, despite potential regulatory hurdles that may affect the company's operations in Hong Kong.
In March 2022, Hex Trust completed an $88 million Series B funding round, co-led by Animoca Brands and Liberty City Ventures, with participation from Ripple, Terraform Labs, Morgan Creek, Primavera Venture Partners, LeadBlock Partners, Protocol Labs, and Adrian Cheng, CEO of Hong Kong real estate giant New World Development.