Animoca Brands and Liberty City Ventures led a $88m Series B round in Hex Trust, a digital asset custodian which is fully licensed in Hong Kong and Singapore, with participation from Ripple, Terra, Morgan Creek, Primavera Venture Partners, LeadBlock Partners, Eterna Capital, Sino Global Capital and Topaz. “It was a tremendous year of growth for Hex Trust and this funding round enables us to continue scaling and become a global leader in digital asset custody. As large institutions continue adopting digital assets at an increased pace, they need fully licensed custody services to meet compliance and regulatory standards. Our mission at Hex Trust remains the same: to stay ahead of the curve in terms of licensing and compliance, integrating the latest developments such as new protocols, DeFi, NFTs, GameFi, and the metaverse, and providing innovative services and financing solutions to enable our clients to monetize digital assets held in custody with us," Alessio Quaglini, Hex Trust Co-Founder and CEO.