Hex Trust
Qualified CustodianHex Trust is a fully licensed digital asset custodian focused on the Asia-Pacific region. Licensed in Hong Kong, Singapore, and other APAC jurisdictions. Serves institutions, banks, and fintech companies across Asia.
Quick Verdict
With a Custody Score of 6.9/10, Hex Trust is ranked #10 of 11 among qualified custodian providers. Its strongest category is Security and its weakest is Counterparty Diversification.
Analysis
Score Breakdown
The Custody Score is a weighted average across 8 criteria, each rated 1-10.
| Criterion | Score | Weight | Weighted |
|---|---|---|---|
| Security | 8 | 20% | 1.60 |
| Insurance | 6.5 | 15% | 0.98 |
| Regulatory | 8 | 15% | 1.20 |
| Fee Transparency | 5 | 10% | 0.50 |
| Track Record | 6.5 | 15% | 0.98 |
| Withdrawal Flexibility | 7 | 10% | 0.70 |
| Reporting & Audit | 7.5 | 10% | 0.75 |
| Counterparty Diversification | 3 | 5% | 0.15 |
| Total | 100% | 6.9 |
Key Features
- ✓Multi-jurisdiction APAC licensing
- ✓400+ asset support
- ✓MPC technology
- ✓Staking and DeFi access
- ✓Bank-grade infrastructure
- ✓Tokenization services
Fee Breakdown
| Setup Fee | Custom |
| Annual Custody Fee | Custom |
| Transaction Fee | Custom |
| Withdrawal Fee | Network fees |
| Notes | Asia-Pacific focused with multi-jurisdiction licensing. |
Security Details
Key Management
MPC-based custody
Cold Storage
Majority cold
SOC Compliance
SOC 2 Type 2
Penetration Testing
Yes
Incident History: No incidents
Insurance Coverage
Coverage
Insurance coverage available
Carrier
Not publicly disclosed
Details
Institutional custody insurance.
Regulatory Status
Licenses
- Hong Kong TCSP license
- Singapore MAS license
Licensed in multiple Asian jurisdictions.
Pros & Cons
Pros
- Leading APAC digital asset custodian
- Multi-jurisdiction licensing
- SOC 2 Type 2 certified
- Growing rapidly in Asia
- Bank-grade infrastructure
Cons
- APAC focused — less Western presence
- Newer company
- Institutional only
- Opaque pricing
- Single custodian model
How Hex Trust Compares
Top qualified custodian providers ranked by Custody Score.
| Provider | Custody Score | Compare |
|---|---|---|
| Fidelity Digital Assets | 8.4 | Compare → |
| BitGo | 8.2 | Compare → |
| Coinbase Custody | 8.2 | Compare → |
| Anchorage Digital | 7.9 | Compare → |
| Gemini Custody | 7.7 | Compare → |