Hex Trust launches HT Markets MENA to facilitate crypto-fiat conversions

Crypto custodian firm Hex Trust officially launches HT Market MENA, enabling institutional investors to make crypto-fiat conversions through the firm’s licensed custody platform.

In a press release received by crypto.news, the crypto custodian stated that the services provided by the firm on HT Market MENA are available for institutional clients and investors that have accumulated an on-ramp fund threshold of 368,000 AED or equal to $100,000.

Hex Trust Markets offer clients fully-licensed access to its ecosystems, where they can generate yield through on-chain staking solutions and perform transactions with support provided by a global trading team.

The launch of HT Markets MENA gives investors in Dubai the chance to convert their crypto assets into fiat currencies, whilst ensuring the ecosystem remains a secure and safe environment for crypto trading.

Hex Trust’s Regional Director of MENA, Filippo Buzzi, stated that Hex Trust is one of the first virtual asset broker-dealers in the region that offers clients a secure bridge between fiat and crypto assets. He notes that HT Markets MENA caters to a high demand for on and off ramp services in Dubai.

“We see enormous potential for virtual asset growth in Dubai given the progressive regulations, welcoming governments, and thriving crypto ecosystem,” said Buzzi in a statement.

At the time of writing, Hex Trust possesses three Virtual Asset Service Provider licenses issued by the Virtual Asset Regulatory Authority, Dubai’s crypto-focused regulator. The first license is for offering virtual asset custodial services, the second license lets Hex Trust act as a virtual assets broker and dealer, while the third is for virtual asset management and investment arm. HT Markets MENA FZE fall under the third category.

In addition, Hex Trust offers OTC trading solutions across various virtual assets, including tailored sales/purchase programs to optimize across Price, Time Horizon, and Market Impact. The firm also provides risk management solutions for corporate treasury management, deep liquidity and broad access to the virtual asset markets.

Hex Trust opened its Dubai office in June 2022 and has been committed towards expanding its operational reach into the MENA region while working together with VARA to maintain a safe crypto trading environment.