Hex Trust

Hex Trust is a fully licensed institutional digital asset custodian and financial services provider founded in 2018. The firm holds regulatory licenses in Dubai (UAE), Hong Kong, and Singapore — three of the world's major digital asset jurisdictions — and operates across Asia-Pacific, the Middle East, and Europe. With over $5 billion in assets under custody, 450+ institutional clients, and more than $500 million in monthly transaction volume, Hex Trust is among the larger regulated custodians operating natively across both traditional finance compliance standards and blockchain infrastructure.

The Problem It Solves

Institutional investors, corporate treasury managers, and funds entering digital assets face a structural challenge: how to hold, trade, and earn yield on blockchain-based assets without compromising on regulatory compliance, security, or operational continuity. Existing custody solutions built for equities or fiat instruments are not designed for the technical realities of multi-chain assets. Hex Trust was built to close that gap — providing enterprise-grade infrastructure that meets the compliance standards of regulated finance while remaining technically current with evolving blockchain ecosystems.

Core Products and How They Work

Hex Trust operates across three foundational product lines, with newer offerings layered on top.

Custody is the core business. Institutional clients hold digital assets in SOC 2 Type II certified infrastructure with multi-signature wallets, account reassignment services, and a dedicated continuity desk for operational resilience in the event of personnel or organizational changes. For wrapped assets it issues, the firm publishes onchain proof of reserves, providing counterparties with verifiable collateralization.

Markets services include OTC execution for large-block trades, fiat on/off ramps, and lending. The firm also offers a Convert-to-Pay API enabling digital asset acceptance with compliant fiat settlement, aimed at regulated payment providers looking to bridge crypto-native flows with licensed payment rails.

Staking and yield services allow institutions to earn network rewards without operating validators directly. Hex Trust runs a Validator-as-a-Service program and has integrated liquid staking products across multiple chains to preserve capital efficiency during the staking period.

A fourth product, Aura by Hex Trust, launched in February 2026 as a wealth management platform designed for high-net-worth investors and family offices, offering a relationship-led experience for digital asset portfolios.

Solana Integration

Hex Trust's presence in the Solana ecosystem expanded significantly through 2025 and 2026.

In August 2025, SOL Global — a Solana-focused investment firm — appointed Hex Trust as its strategic Web3 partner to support systematic SOL acquisition and network participation strategies.

In February 2026, Hex Trust integrated JitoSOL into its platform through a formal partnership with Jito Foundation. JitoSOL is Solana's leading liquid staking token, accruing both base staking rewards and MEV (Maximum Extractable Value) profits generated by Jito's validator network. When institutions stake SOL through Hex Trust's integration, they receive JitoSOL tokens that automatically appreciate as rewards compound — without the traditional unbonding period. More importantly for institutional use, JitoSOL can be used as collateral for borrowing and lending through Hex Trust's markets desk, enabling stake-and-borrow strategies that let institutions maintain operational liquidity while still capturing underlying staking yield. Jito Foundation is backed by Andreessen Horowitz, Multicoin Capital, Framework Ventures, and Solana Ventures.

Hex Trust has also contributed directly to Solana's DeFi ecosystem by issuing wXRP (wrapped XRP) on Solana. Launched in April 2026, wXRP is a 1:1 backed token: KYC/AML-verified participants deposit native XRP with Hex Trust, which mints an equivalent amount of wXRP on-chain. Users can redeem at any time by burning wXRP to reclaim native XRP from custody. Cross-chain infrastructure runs on LayerZero's OFT (Omnichain Fungible Token) standard. At launch, approximately 834,498 wXRP — backed by around 50.83 million XRP in Hex Trust custody across all chains — circulated on Solana. Proof of reserves is published onchain. Solana applications supporting wXRP at launch included Phantom wallet, Jupiter Exchange, Meteora, and Titan Exchange.

Asset and Blockchain Coverage

Hex Trust supports 25+ blockchains across its custody and staking infrastructure. In addition to Solana, the platform covers Bitcoin, Ethereum, Polygon, Cosmos, Avalanche, TON, Optimism, Celestia, Dymension, Injective, Flare, and Linea, among others. The breadth of multi-chain coverage is deliberate: institutional clients managing diversified digital asset portfolios require a custodian that can consolidate positions across chains without forcing fragmentation across multiple providers.

Security, Compliance, and Licensing

The firm is SOC 2 Type II certified and integrates Chainalysis for blockchain analytics, enabling KYC, AML, and counter-terrorism financing (CTF) controls across the platform. Operating under concurrent regulatory oversight from Dubai, Hong Kong, and Singapore means Hex Trust's compliance posture is stress-tested across three distinct legal frameworks — a higher bar than most custodians operating in a single jurisdiction.

Team and Ecosystem Partnerships

Giorgia Pellizarri serves as Chief Product Officer and Head of Custody. Notable institutional relationships include Animoca Brands (through the Gryfyn NFT custody joint venture), the Algorand Foundation, Hedera Hashgraph, Aave, IBM, MetaMask Institutional, and Chainalysis. The company emphasizes high-touch client support with dedicated account managers and in-house market research distributed through its regular insights publication.