TechFlow news, February 16 — According to official announcements, Hong Kong-based crypto custodian Hex Trust has acquired Byte Trading, with the transaction amount undisclosed. This move aims to strengthen its institutional service capabilities. By integrating Byte Trading's low-latency trading platform technology, Hex Trust plans to enhance its existing custody and integrated financial services.
Hex Trust CEO Alessio Quaglini stated that this acquisition marks a significant milestone in the company's transformation from a custody provider into a full-service financial institution, aiming to meet the growing demand from institutional investors for digital assets.
Previous report, digital asset service provider Hex Trust completed a new funding round led by Morgan Creek Digital.
