Hex Trust, a leading digital assets financial service provider specializing in custody, staking, and market services, has acquired Byte Trading. The acquisition will enable Hex Trust to expand and scale its markets and prime services offering to institutional investors. Following the launch of E-Trading in November 2024, and a successful strategic fund raise with Morgan Creek in February 2025, this acquisition marks another significant milestone on Hex Trust’s journey from custodian to full-service financial institution.

Byte Trading’s trading platform, optimized for low-latency, will be integrated into Hex Trust’s secure, institutional-grade and regulated infrastructure, ensuring seamless execution.

“The acquisition of Byte Trading marks another important milestone in Hex Trust’s strategic development. Their best-in-class technology accelerates our transformation from a custody provider to a full-service financial institution, empowering us to meet the growing demands of institutional investors in the digital assets space.” - Alessio Quaglini, CEO & Co-founder, Hex Trust.

Expanding beyond custody and staking offerings, this acquisition allows Hex Trust to deliver a fully institutional markets and execution platform, reinforcing Hex Trust’s position as a comprehensive digital asset financial institution. 

This marks a pivotal step in Hex Trust’s growth strategy as its first acquisition — with more accelerated growth targets to follow throughout 2025. With significant opportunities in the market, and following the successful strategic raise with Morgan Creek, Hex Trust is well-positioned to further expand its capabilities and drive institutional adoption of digital assets.