Hex Trust, a digital asset custodian and infrastructure platform for the banking sector, has received strategic investment from blockchain investment firm Kenetic. Jehan Chu, Kenetic co-founder and managing partner, will join Hex Trust’s board of directors.

The funding will be used to enhance Hex Trust’s infrastructure platform Hex Safe, which offers compliance-focused custody in the highly regulated financial industry. Hex Safe has been developed with an integration layer that seamlessly connects with third-party platforms in the sector such as exchanges as well as over-the-counter, lending and staking platforms.

Hex Trust has secured major banking clients in Asia and Europe as well as clients in the digital asset ecosystem such as exchanges, investment funds and family offices. Its global partners include IBM and R3.

Kenetic is an early pioneer of digital asset investments and one of the leading blockchain-focused investment firms in Asia. It has invested in over 130 blockchain companies globally.