Animoca Brands and Hex Trust Partner to Provide Institutional-Grade Wallets for GameFi

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Animoca Brands and Hex Trust are working together to provide institutional wallets and financial services for online players, the two companies said in a press release on Thursday.

  • Animoca Brands is a major investor in decentralized gaming and non-fungible tokens (NFT) —with an estimated $ 2.2 billion through October. Hex Trust is a crypto custodian and licensed financial services provider in Hong Kong and Singapore.
  • Hex Trust will serve as a custodian and provide financial services to players in the Animoca Brands ecosystem, which includes The Sandbox, according to the press release. The services will also include banking services for NFTs and other cryptocurrencies, the statement said.
  • “We believe GameFi will follow the same institutionalization process we experienced in the cryptocurrency market,” Hex Trust CEO and co-founder Alessio Quaglini said in the press release.

Read more: Grayscale Says Metaverse Is A Trillion Dollar Market Opportunity

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