The verdict
7.8 / 10 · CONSIDER
Hex Trust (Hong Kong + Singapore, founded 2017) operates an institutional digital-asset custody + trading platform. SFC Type 1+7 licensed (Hong Kong); MAS Major Payment Institution Licence (Singapore). The default APAC institutional custody — used by family offices, asset managers, and corporates across HK + SG.
◆ BUY IT IF
- APAC's most-regulated institutional crypto bank — SFC + MAS + VARA + ADGM
- Hong Kong primary regulator (rare for crypto-bank in APAC)
- Tokenisation services for regulated assets
- Audited cold-storage custody
◇ SKIP IT IF
- Institutional-only — no retail product
- Smaller AUM than Anchorage / Coinbase Custody
- Pricing negotiated (opaque)
- Trading liquidity thin compared to Binance / OKX
§ 01 SCORE BREAKDOWN
Eight axes, weighted.
DIMENSION WEIGHT RATING SCORE
Regulatory safety
SFC Type 1 + Type 7 (HK virtual-asset trading, uplifted 2024). MAS Major Payment Institution Licence — Digital
Card & IBAN
No card, no IBAN
Yield
Up to 5% APY
Coin selection
70 coins supported
App UX
Transparency
Proof of Reserves, public filings, incident history
Fees & spreads
Support
§ 02 THE FIELD TEST
How we tested Hex Trust.
Drafted from public sources — regulatory licences verified against issuing-authority registers (NYDFS, FCA, MAS, VARA, FSCA, etc.); fees verified from current published rate cards. Not yet field-tested.
DATE STEP TIME NOTES
— Account opened — KYC completed end-to-end
— First deposit — Not yet field-tested — record drafted from public sources; first-hand testing scheduled for the next review cycle.
— First withdrawal — Not yet field-tested — record drafted from public sources; first-hand testing scheduled for the next review cycle.
— Card activated — Card not supported / not ordered
— Last hands-on check — Drafted from public sources — regulatory licences verified against issuing-authority registers (NYDFS, FCA, MAS, VARA, FSCA, etc.); fees verified from current published rate cards. Not yet field-tested.
§ 03 SPECIFICATIONS
Everything, in one table.
Regulation
- Regulatory status
- SFC Type 1 + Type 7 (HK virtual-asset trading, uplifted 2024). MAS Major Payment Institution Licence — Digital Payment Token (Singapore). VARA Dubai authorisation (provisional/Temporary Permit-stage as of 2026). ADGM (Abu Dhabi). Bermuda Monetary Authority Class F licence.
- FDIC insurance
- No
- MiCA compliant
- No
- Founded
- 2017
- HQ
- Hong Kong + Singapore
Fees
- Monthly account fee
- Free
- Trading fee
- —
- Withdrawal fee
- Variable
Yield & products
- Earn yield
- Negotiated institutional rates
- Max APY
- 5%
- Staking
- Yes
- Crypto-backed loans
- Yes
- Supported coins
- 70
Banking
- IBAN
- No
- Debit card
- No
- DeFi access
- No
- NFT support
- No
Regions
- Regions available
- Asia, HK, SG, Singapore, GCC, AE, UAE
- Markets served
- —
Support
- Trustpilot
- N/A
Historical APY
◆ Historical data accumulating
Weekly APY snapshots begin once the scripts/refresh-apy.mjs cron has accumulated at least two data points. The chart will populate automatically as new rows merge.
Current published max APY: 5%
§ 04 FAQ
Frequently Asked Questions
Is Hex Trust safe? +
Hex Trust has a regulatory status of: SFC Type 1 + Type 7 (HK virtual-asset trading, uplifted 2024). MAS Major Payment Institution Licence — Digital Payment Token (Singapore). VARA Dubai authorisation (provisional/Temporary Permit-stage as of 2026). ADGM (Abu Dhabi). Bermuda Monetary Authority Class F licence.. Always verify current regulatory status directly with the platform before depositing.
What is the maximum APY on Hex Trust? +
Hex Trust currently offers up to 5% APY. Rate as of 2026-04-29. Rates change — always check the platform for current rates before depositing.
Where is Hex Trust available? +
Hex Trust is available in: Asia, HK, SG, Singapore, GCC, AE, UAE. Markets served: .
Does Hex Trust have a debit card? +
No, Hex Trust does not currently offer a debit card.