November 21, 2025
Hex Trust, a regulated digital assets financial institution, has announced a strategic partnership with Fireblocks, an enterprise platform for secure digital asset custody, settlement, trading operations, and stablecoin payments. This collaboration positions Hex Trust as a key Qualified Custodian in the Fireblocks Custody Network, leveraging Hex Trust’s multi-jurisdictional licensing and institutional-grade custody capabilities to meet the surging institutional demand for compliant digital asset services across the APAC and Middle East regions.
As digital asset markets mature, institutions demand solutions that align with the regulatory rigour of traditional finance. The total market cap is now estimated at US$3.5 trillion, with Bitcoin’s market cap exceeding US$2 trillion. In this evolving environment, jurisdictions such as Hong Kong are tightening standards for custody arrangements. The Hong Kong Securities and Futures Commission (SFC) has urged Virtual Asset Trading Platforms (VATPs) to review and strengthen their custody practices in light of observed vulnerabilities.
For global infrastructure providers like Fireblocks, integrating locally licensed custody partners is becoming a necessity to offer full compliance across jurisdictions. The Fireblocks Custody Network already enables clients to connect with licensed custodians spanning jurisdictions including Hong Kong, Singapore, the UAE, the UK, and Australia.
Under this arrangement, Fireblocks will integrate Hex Trust as a regulated custodian in key Asian and Middle Eastern markets. Institutions onboarding via Fireblocks gain a unified regulatory entry point, combining Fireblocks’ enterprise-grade infrastructure with Hex Trust’s regulated presence and custody services.
“This is a true coming together of the best of both worlds: the industry’s most trusted infrastructure provider meets the world’s most time-honoured, licensed digital asset solution partner,” said Calvin Shen, Chief Commercial Officer at Hex Trust. “Institutions have been asking for a simple solution to a complex problem – scaling in Asia and the Middle East without taking on regulatory risk. This partnership is the answer, giving mutual clients a streamlined, single-regulatory entry point. It means simplified compliance, accelerated market entry, and proof that Hex Trust is committed to being the go-to licensed solution for aggressive growth globally.”
“The regulatory landscape is evolving quickly, and meeting institutional demand while ensuring compliance requires a diverse network of locally licensed partners,” said Adam Levine, SVP, Head of Corporate Development and Partnerships at Fireblocks. “The partnership with Hex Trust allows our clients to not only leverage the security and flexibility of the Fireblocks Custody Network, but also meet the jurisdictional and segregation requirements that are critical to their digital asset operations.”
This collaboration is expected to accelerate the institutional adoption of compliance-ready digital asset infrastructure in the APAC and Middle East regions. As more markets enforce custody standards and demand greater compliance, partnerships like this signal a shift: institutions will increasingly prefer infrastructure with compliance integrations that are built to operate seamlessly across multiple jurisdictions.
Hex Trust’s full suite of services, from custody and staking to market execution, will now be more accessible through the Fireblocks Custody Network, offering clients a tier-one, compliant route to digital asset operations in regulated markets.
