Digital asset financial services provider Hex Trust announces acquisition of Byte Trading

Odaily Planet Daily News: Digital asset financial service provider Hex Trust recently announced the acquisition of Byte Trading, but the specific acquisition amount has not been announced yet. This move aims to enhance Hex's market and primary services for institutional investors, while 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 level services. Previously, Hex Trust announced the completion of a new round of strategic financing, with Morgan Creek Digital leading the investment and Injective participating. Although the company has not disclosed the specific amount of this round of financing, it has disclosed that its total financing amount has exceeded $100 million. Hex Trust also announced that it will launch a Series C funding round later this year and make potential strategic acquisitions, with its business currently covering Hong Kong, Singapore, Dubai, France, and Italy.