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Digital asset financial services provider Hex Trust announces acquisition of Byte Trading
02-16 05:11

Odaily News Hex Trust, a digital asset financial services provider, recently announced the acquisition of Byte Trading. The specific acquisition amount has not been announced. The move is aimed at strengthening Hex's market and key services for institutional investors, and also marks the company's transformation from a custodian to a full-service financial institution.
By integrating Byte Trading’s low-latency trading platform into its compliance infrastructure, Hex Trust is committed to providing seamless execution and scaled institutional-grade services.
Earlier news, Hex Trust announced the completion of a new round of strategic financing, led by Morgan Creek Digital and participated by Injective. Although the company did not disclose the specific amount of this round of financing, it disclosed that its total financing has exceeded 100 million US dollars. Hex Trust also stated that it will launch a C round of financing later this year and make potential strategic acquisitions. Its business currently covers Hong Kong, Singapore, Dubai, France and Italy.

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