ChainCatcher news, according to The Block, the crypto custody firm Hex Trust has received in-principle approval for a Major Payment Institution (MPI) license in Singapore, which allows it to provide cryptocurrency custody and over-the-counter trading services in Singapore.Hex Trust previously obtained a virtual asset service provider license in Dubai in November 2023.

ChainCatcher news, according to CoinDesk, Hong Kong cryptocurrency custody company Hex Trust has issued the stablecoin USDX on the Layer 1 blockchain Flare.USDX becomes the first native stablecoin on Flare. It will be used in lending protocols and trading platforms, and it also features a dedicated T-Pool staking mechanism created by the decentralized credit market Clearpool. The stablecoin is pegged to the US dollar or equivalent assets at a 1:1 ratio, and USDX stakers will receive yields from RWA and cUSDX as rewards.Additionally, the Web3 asset data platform RootData shows that Hex Trust is a certified and insured provider of bank-grade digital asset custody. Through its proprietary platform Hex Safe, Hex Trust offers custody, DeFi, brokerage, and financing solutions for financial institutions, digital asset organizations, enterprises, and private clients. Hex Trust has offices in Singapore, Hong Kong, Dubai, Italy, and Vietnam.

ChainCatcher news, Hong Kong cryptocurrency custodian Hex Trust announced on the X platform that it has obtained Deloitte SOC 1 Type II certification.According to previous news, Hex Trust plans to conduct a new round of financing this year, but due to investors' cautious attitude, it has not yet been determined whether it will take place in the first half or the second half of this year.

ChainCatcher news, institutional digital asset custodian Hex Trust announced the integration of MetaMask, allowing users to directly access over 17,000 DeFi dApps from the Hex Safe dashboard. Additionally, the integration introduces a transaction authorization feature, enabling users to set precise transaction approval rules. This feature allows users to restrict access to decentralized applications (dApps), optimize DeFi transaction processes, and establish specific transaction rules for designated individuals.

ChainCatcher news, according to CoinDesk, digital asset custodian Hex Trust has obtained a full operating license from the Dubai Virtual Assets Regulatory Authority (VARA).It is reported that this operating license is the final approval of VARA's regulatory framework for crypto service providers, which came into effect earlier this year. Hex Trust received the minimum viable product (MVP) operating license approved by the regulator in February this year, and completing the final step of the licensing process enables the company to continue providing cryptocurrency custody services to institutional clients and qualified investors in Dubai.

ChainCatcher news, digital asset custodian Hex Trust announced that it will provide custody and staking services for the Celestial token TIA.It is reported that, as the only licensed custodian in the Asia-Pacific region and holder of the FMP license for virtual asset custody services in the Middle East, Hex Trust offers secure custody services for the Celestia token (TIA) through its institutional-grade platform Hex Safe.

ChainCatcher news, the crypto custody wallet Gryfyn has completed a $7.8 million financing round, with participation from Liberty City Ventures, GameFi Ventures, Lavender Hill Capital Partners, Mind Fund, Animoca Ventures, LeadBlock Partners, Angel Hub, Brinc, and angel investor Gabby Dizon.It is reported that Gryfyn is a joint venture between Animoca Brands and Hex Trust, aimed at providing a custodial crypto wallet. Arnoldo Concepción, the co-CEO of Animoca Brands, has been announced as the CEO of Gryfyn. (Source link)

ChainCatcher news, digital asset custodian Hex Trust announced that it has obtained a Minimum Viable Product (MVP) license issued by the Dubai Virtual Assets Regulatory Authority (VARA), allowing Hex Trust to provide a wide range of virtual asset services to institutional clients and mature investors in Dubai under its Virtual Asset Service Provider (VASP) framework.It is reported that Hex Trust received provisional approval from the Dubai Virtual Assets Regulatory Authority in June of this year. (Source link)

ChainCatcher news, the decentralized lending market Clearpool announced its recent operational status on Twitter. Clearpool stated that it has not had direct contact with FTX and Alameda, and its treasury and operational funds are stored in Hex Trust cold wallets. Users providing lending funds to Clearpool have withdrawn nearly $91 million in liquidity since Monday, while borrowers including Amber, Nibbio, and LedgerPrime have repaid their loans, and BlockTower and Jane Street have agreed to close their licensed pools.The loans from the Alameda licensed pool remain unpaid, with funding for that pool provided by Compound Capital and Apollo Capital. Clearpool stated that the team is still focused on the next phase of its ecosystem growth, including the development of a range of new products such as licensed pool v2, term pools, and diversified pools. (source link)