Crypto custodian company Hex Trust officially launches HT Market MENA, allowing institutional investors to make crypto-fiat exchanges through the company's permissioned custody platform.
In a press release obtained by crypto.news, the crypto custodian They said that the services provided by the company on HT Market MENA are available for institutional clients and investors who have accumulated an on-ramp fund threshold of 368,000 AED or the equivalent of $100,000.
Hex Trust Markets offers users fully licensed access to their ecosystems, where they can generate returns through on-chain staking solutions and transact with the support of a global trading team.
The launch of HT Markets MENA brings in investors Dubai the opportunity to convert their crypto assets into fiat currencies, while ensuring that the ecosystem remains a secure and safe environment for crypto trading.
Hex Trust MENA Regional Director, Filippo Buzzi, said that Hex Trust is one of the first virtual asset dealers in the region to offer a secure bridge between fiat and crypto assets. He notes that HT Markets MENA caters to high demand for on- and off-ramp services in Dubai.
“We see great potential for the growth of virtual assets in Dubai with the positive regulations, welcoming governments, and thriving crypto ecosystem,” Buzzi said in a statement.
At the time of writing, Hex Trust has three Virtual Asset Service Provider licenses to issue the Virtual Asset Regulatory AuthorityDubai's crypto focus regulator. The first license is for offering virtual asset custody services, the second license allows Hex Trust to act as a virtual asset broker and dealer, and the third is for virtual asset management and branch investment. HT Markets MENA FZE falls under the third category.
In addition, Hex Trust offers OTC trading solutions across multiple virtual assets, including specific sell/buy programs to optimize across Price, Time Horizon, and Market Impact. The company also provides risk management solutions for corporate financial management, deep liquidity and broad access to the virtual asset markets.
Hex Trust opened its office in Dubai in June 2022 and has been committed to expanding its operational reach to the MENA region while working with VARA to maintain a safe crypto trading environment.
