Hex Trust, a digital asset Financial Service provider, announced the acquisition of Byte Trading

Odaily Planet Daily News digital asset Financial Service provider Hex Trust recently announced the acquisition of Byte Trading, with the specific acquisition amount not yet disclosed. This move aims to enhance Hex's market and primary services for institutional investors, marking the company's transition 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 scalable institutional-grade services. Earlier, Hex Trust announced the completion of a new round of strategic financing, with Morgan Creek Digital leading and Injective participating. Although the specific amount of this round of financing was not disclosed, the company revealed that its total financing amount has exceeded 100 million US dollars. Hex Trust also stated that it will launch Series C financing later this year and conduct potential strategic acquisition. Its business currently covers Hong Kong, Singapore, Dubai, France, Italy, and other locations.