Hex Trust

Hex Trust is a regulated, full-stack institutional digital asset infrastructure provider that enables financial institutions, protocols, and high-net-worth individuals to custody, stake, trade, and deploy crypto assets compliantly across 40+ blockchains — bridging the compliance and security gap that has historically kept institutional capital out of digital asset markets.

Core Architecture: Hex Safe

The foundation of Hex Trust's platform is its proprietary custody engine, Hex Safe, which stores clients' private keys in air-gapped, tamper-resistant hardware security modules (HSMs) certified to FIPS 140-3 Level 3 — the same physical security standard used in government cryptographic systems. Keys are never exposed to internet-connected infrastructure, meaning the signing environment is isolated from the application layer by cross-domain data diodes. Client assets are held in segregated on-chain wallets rather than pooled omnibus accounts, preserving on-chain ownership transparency.

Institutional controls are enforced through customizable multi-role approval workflows: maker-checker policies require multiple parties to authorize transactions before a signature is produced, limiting the blast radius of any single credential compromise. Supported assets span primary cryptocurrencies (BTC, ETH, SOL), stablecoins (USDC, USDT, DAI, EURC), tokenized real-world assets, and NFTs (ERC-721 and ERC-1155 standards).

Key Products and Services

Custody. Hex Safe covers 40+ blockchain ecosystems including Bitcoin, Ethereum, Solana, Avalanche, Polygon, Cosmos, Algorand, Hedera, Injective, XRPL, Celestia, and a range of Layer 2 networks. Clients receive segregated wallets, 24/7 monitoring, and insurance coverage of up to USD 25 million against theft or loss.

Markets. Hex Trust operates an institutional markets desk offering over-the-counter (OTC) execution for large block trades, institutional lending, and fiat on/off ramps. These capabilities were expanded through the acquisition of Byte Trading, which added professional exchange and OTC trading operations. OTC and lending services are integrated with custody, so clients can deploy custodied assets without moving them to a third-party venue.

Staking and liquid staking. Hex Trust offers validator-as-a-service and staking infrastructure across multiple proof-of-stake networks. For Ethereum, clients can access stETH through a Lido integration. For Algorand, native staking rewards are supported directly. For Solana, Hex Trust launched JitoSOL liquid staking in February 2026 (detailed below).

Aura. A white-glove wealth management platform targeting high-net-worth individuals seeking institutional access to digital assets, including structured products, staking yield, and custody under regulated frameworks.

Convert-to-Pay. An API product enabling institutional payment providers to accept digital asset payments from counterparties, with compliant fiat settlement handled on the back end. This lets service providers bridge crypto-native clients without holding digital assets on their own balance sheets.

Token wrapping. Hex Trust provides cross-chain token wrapping infrastructure, including wXRP for XRPL compatibility on other networks.

Solana Integration: JitoSOL Liquid Staking

Hex Trust's deepest Solana-specific initiative launched in February 2026 through a partnership with Jito Foundation. By integrating JitoSOL — the liquid staking token issued by Jito's non-custodial stake pool — Hex Trust allows institutional clients to earn both native Solana network staking rewards and Jito's MEV tip redistribution without locking up their capital in a traditional unbonding queue.

JitoSOL positions held through Hex Trust remain freely tradeable, eliminating the multi-day unlock period that makes standard staking operationally awkward for active institutional treasury managers. Beyond yield, the integration extends into Hex Trust's markets desk: JitoSOL can be used as collateral for borrowing and lending, making liquid staked Solana a capital-efficient building block rather than a simple passive position.

This integration sits alongside Hex Trust's existing SOL custody and native Solana staking support. The firm has also been appointed as the Web3 infrastructure partner for SOL Global Investments, providing custody, OTC execution, and staking services in support of SOL Global's systematic Solana token acquisition and network participation strategy.

Security Certifications and Audits

Hex Trust undergoes annual third-party attestation by Deloitte, maintaining SOC 1 Type II and SOC 2 Type II certifications. The firm also holds CSA STAR Level 2 certification and operates data centers compliant with ISO 27001. Physical infrastructure uses FIPS 140-3 Level 3 HSMs isolated by cross-domain data diodes. Insurance coverage of up to USD 25 million is maintained against theft or loss of custodied assets.

Regulatory Licenses

Hex Trust holds licenses across three major digital asset jurisdictions:

• Singapore: Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), granted March 2025, covering cross-border money transfers and digital payment token services
• Hong Kong: Regulated under the Trust Ordinance with a Trust Company and Service Provider (TCSP) license
• Dubai: Virtual Asset Service Provider (VASP) license from VARA (Virtual Assets Regulatory Authority)
• Also registered in Italy and France

All platform operations incorporate built-in KYC, AML, and counter-terrorism financing (CTF) protocols, with the CEO serving on Hong Kong's Web3 Task Force as an industry advisory voice.

Company Background and Scale

Hex Trust was founded in 2018 with a focus on bringing institutional-grade security and regulatory compliance to digital asset custody at a time when most custodians were either unregulated or focused exclusively on retail markets. The company has raised over 104 million USD across five funding rounds and is preparing for a Series C raise. Reported metrics as of 2026 include 5 billion USD in assets under custody, 450+ institutional clients, and 500+ million USD in monthly transaction volume.

IBM has published Hex Trust as a case study in enterprise blockchain infrastructure, citing its use of LinuxONE systems for HSM-backed key management.

Notable ecosystem partnerships beyond Jito Foundation include Aave, Algorand, Celestia, Dymension, Flare (FXRP minting), MANTRA Chain (RWA custody and staking), Hedera, Injective, Fireblocks, LayerZero, Chainalysis, WalletConnect, MetaMask Institutional, Union Bank of the Philippines, and Canton Network (where Hex Trust holds Super Validator status).

Position in the Solana Ecosystem

Hex Trust operates at the institutional entry point into Solana. It provides the regulated custody rails, staking yield infrastructure (including liquid staking via JitoSOL), and OTC liquidity that large investors, foundations, and financial institutions require before committing significant capital to the network. Its Solana offering has expanded from basic SOL custody to a more integrated stack covering native staking, JitoSOL liquid staking with MEV yield, and collateralized lending against staked positions — covering the main institutional use cases for Solana exposure under a fully licensed wrapper.