Hex Trust, a digital asset custodian and infrastructure platform for the banking sector, has received a strategic investment from blockchain investment firm Kenetic.
The funding from Kenetic will be used to enhance the bank-grade infrastructure platform.
Kenetic’s co-founder and managing partner Jehan Chu is set to join Hex Trust's board of directors to help Hex Trust scale its enterprise adoption.
Additionally, Chu is the founding co-chair of the Fintech Association of Hong Kong Blockchain Committee, regional head of the Interwork Alliance, co-founder of Social Alpha Foundation, and a Kauffman Fellow.
Chu has worked in the digital asset space in Asia since 2013 and he founded the Ethereum Hong Kong meetup in 2014.
Commenting on the strategic investment, Chu said: "We are thrilled to join Hex Trust on their mission to bring banks and financial institutions into the digital asset age. Digital assets will transform capital markets and facilitate the greatest economic expansion the world has seen in a century, and we believe experienced teams like Hex Trust are positioned to capture the Asian market."
Alessio Quaglini, co-founder and CEO of Hex Trust, added: "The key to success for Hex Trust is a combination of knowledge and experience in both traditional finance and the digital assets space. Jehan Chu brings to Hex Trust invaluable expertise and an extensive network to connect Hex Trust with the key players and biggest projects in the digital asset ecosystem.”
“The investment from Kenetic and the active participation of Chu arrives in an important moment during our growth phase at Hex Trust, as we integrate additional services, onboard new clients and expand geographically."
