Animoca Manufacturers and Hex Belief Accomplice to Present Institutional-Grade Wallets for GameFi

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Animoca Brands and Hex Trust are partnering to offer institutional wallets and financial services to online gamers, the two companies said in a press release on Thursday.

  • Animoca Brands is a leading investor in decentralized gambling and non-fungible tokens (NFTs) – valued at $ 2.2 billion as of October. Hex Trust is a crypto custodian and financial services company licensed in Hong Kong and Singapore.
  • According to the press release, Hex Trust will act as custodian and provide financial services to players in the Animoca Brands ecosystem, which includes The Sandbox. The services will also include banking services for NFTs and other crypto assets, the statement said.
  • “We believe GameFi will follow the same institutionalization process that we saw in the cryptocurrency market,” said Hex Trust CEO and co-founder Alessio Quaglini in the press release.

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

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