SNEAK PEEK
- Recently, a Hong Kong-based company raised US $88 Million in series-based funding round B from Animoca Brands and Liberty City Ventures.
- Hex Trust secured a license from Dubai Virtual Assets Regulatory Authority in order to give institutional investors and clients NFT access in Emirati City.
- Hex Trust also opened an office in Dubai around the same time in order to serve in its North Africa and Middle-East headquarters.
Recently, Hong Kong-based company, Hex Trust raised US $88 Million in series-based funding round B from Animoca Brands and Liberty City Ventures. Amongst the news of funding the Hong Kong Based Company, Hex Trust secured a license from Dubai Virtual Assets Regulatory Authority in order to give institutional investors and clients NFT access amidst Emirati City.
.@animocabrands portfolio company @Hex_Trust has secured a license from Dubai’s Virtual Assets Regulatory Authority (VARA, @vafglobal) to provide services to institutional clients and investors in the Emirati city: https://t.co/CTP31MzLVV#web3 #crypto #blockchain #OpenMetaverse
— Animoca Brands (@animocabrands) November 25, 2022
Hex Trust offers services which include providing stakes, brokerage-related deals and custody of virtual assets such as NFT to its clients. Before securing this license, the company also acquired the Minimum Value License provisionally for the time being from Dubai Authorities.
Moreover, Hex Trust also opened an office in Dubai around the same time in order to serve in its North Africa and Middle-East headquarters. The same headquarter would be led by former BlockChain Head and Leader Filippo Buzzi.
During an interview with a prestigious news channel in Dubai, Filippo Buzzi also stated that Hex trust is willing and looking forward to expanding and increasing its client base in Dubai following the acquired license approval from the authorities. The company is looking forward to contributing an optimistic approach towards the VA ecosystem in the region.
