Hex Trust announced that it has received $10 million in a round of funding led by Animoca Brands Corporation Limited on October 5, 2021. The transaction also included participation from Tessera Venture Partners, Ripple Labs Inc., Token Bay Capital, BCW Group Plc, Algorand Foundation Ltd., Double Peak Group, and returning investors Kenetic Trading, QBN Capital, Radiant Tech Ventures Limited, Borderless Capital, LLC, MANTRA DAO Inc., and Cell rising capital.