Hex Trust buys Byte Trading to draw institutional investors

Hex Trust, a supplier of financial services on digital assets, has acquired negotiated bytes for an undisclosed price.

This decision aims to improve the markets of HEX and the primary services for institutional investors while marking a new stage in the evolution of the startup of a goalkeeper at a financial institution at full service.

The agreement, announced on Friday, follows the launch of Hex Trust of the e-trading in November 2024 and a recent finance round with Morgan Creek Digital, bringing its total capital raised to more than $ 100 million. By integrating the low-trading low latency trading platform in its secure and regulated infrastructure, Hex Trust aims to provide transparent execution and enlarged institutional quality services.

“The acquisition of Byte Trading marks another important step in the strategic development of Hex Trust,” said Hex Trust CEO, Alessio Quaglini, in a prepared statement. “Their best class technology accelerates our transformation, allowing us to meet the growing requirements of institutional investors in the space of digital assets.”

The expansion of Hex Trust goes beyond the guard and the clearing, with the company launch HT Market MENA in December, allowing institutional investors to convert the crypto to Fiat via its approved daycare platform. The company also recently in partnership With the Defi Clearpool protocol to introduce Ozean, a blockchain platform focused on the performance of active world.

It remains to be seen whether Hex’s efforts prick the interests of institutional investors. According to a recent Jpmorgan Chase investigation71% of investors plan to avoid cryptocurrency in 2025.

What is the next step for Hex Trust

While Hex Trust continues to set up its institutional offers, this acquisition indicates the aggressive growth strategy of the company for 2025, with other expansion plans on the horizon.

Hex Trust holds three licenses as a virtual asset service provider from Dubai Virtual asset regulatory authority (Vara). The company covers childcare services, brokerage and transactions and virtual asset management – under which HT markets Mena Fze.

The company also offers over -the -counter trading solutions, management of business cash risk and deep access to liquidity.

Since the opening of his Dubai office in June 2022, Hex Trust has focused on the expansion of the MENA region while collaborating with Vara to ensure a secure crypto trading environment.