The Digital Asset Financial Services Provider Hex Trust has acquired byte trading for an unknown price.
The move aims to increase the markets and major services for institutional investors by marking a new milestone in the development of startups from a custodian to a full-service financial institution in the development of startups.
The agreement, announced on Friday, follows the recent funding round with the launch of e-trading and Morgan Creek Digital in November 2024 of the Hex Trust, leading to more than $ 100 million. By integrating the low-altancy trading platforms of bite trading in its safe, regulated infrastructure, the hex trust aims to expand easy execution and institutional-grade services.
“Byte trading is another important milestone in the strategic development of the hex trust,” hex Trust CEO Alexio Quaglini said in a prepared statement. “His best-in-class technology intensifies our change, empowering us to meet the growing demands of institutional investors in Digital Assets Space.”
The hex trust expands beyond detention and stacking, with the launch of HT Market Mena in December, enabled institutional investors to convert Crypto into fiat through their licensed detained detained platforms. The firm recently participated with the DEFI Protocol Clearpool, which is a blockchain platform to introduce Ozen, focused on the yield of real -world property.
Will the interests of institutional investors be seen by the efforts of Hex. Recently according to JP Morgan Chase survey71% of investors plan to avoid cryptocurrency in 2025.
What’s next for hex trust
As the Hex Trust continues its institutional offerings, the acquisition indicates the company’s aggressive development strategy for 2025, which has more expansion plans on the horizon.
The Hex Trust has three virtual asset service provider licenses from Dubai’s Virtual Asset Regulatory Authority (VARA). The company includes custodial services, brokerage and dealing, and virtual asset management – about which HT Markets operates Mena Fze.
The firm also offers OTC Trading Solutions, Corporate Treasury Risk Management and Deep Liquidity Access.
Since opening its Dubai office in June 2022, the Hex Trust has focused on expanding the MNA region by collaborating with Vara to ensure a safe crypto trading environment.
