Hex Trust Closed $88 Million Series B Funding Round Led by Animoca Brands and Liberty City Ventures

Hex Trust, a crypto custody provider, closed an $88 million Series B round co-led by Animoca Brands and Liberty City Ventures, with participation from Ripple, Terraform Labs, Morgan Creek, and Primavera Venture Partners. The funds raised will be used to scale to Europe and the Middle East and to obtain additional licenses. Previously, Hex Trust raised a $6 million Series A in the first quarter of last year. Animoca Brands led a further $10 million of fresh funding in October 2021.