Hex Trust Launches HT Market MENA for Crypto-Fiat Conversions

Hex Trust, a leading provider of digital asset custody and crypto services, has officially launched its new platform HT Market MENA to help institutional investors convert cryptocurrencies into fiat currencies. This service is specifically targeted at institutional clients and investors in the Middle East and North Africa (MENA) region. As part of Hex Trust’s strategic expansion into this rapidly growing market, HT Market MENA offers a secure and regulated solution for crypto-to-fiat conversions, allowing investors to convert their digital assets into traditional currencies with ease.

HT Market MENA is designed to cater to institutional investors who meet a minimum threshold of 368,000 AED (approximately $100,000). These investors can now access Hex Trust’s licensed platform, where they can convert their crypto holdings into fiat currencies seamlessly, benefiting from a highly secure environment tailored for large-scale transactions.

The platform is part of Hex Trust’s broader strategy to provide fully-licensed access to its ecosystem, offering a range of services for institutional clients. These services include on-chain staking solutions that enable clients to generate yield on their crypto assets, as well as comprehensive transaction support from Hex Trust’s global trading team. HT Market MENA offers an essential bridge for institutional players seeking to interact with the crypto ecosystem, providing them with the tools necessary to navigate the growing demand for on-ramp and off-ramp services in the region.

The launch of HT Market MENA addresses the growing demand for secure crypto-to-fiat gateways in Dubai and the wider MENA region. Dubai has become a key hub for the crypto industry, driven by its forward-thinking regulations, government support, and dynamic financial ecosystem. Filippo Buzzi, Hex Trust’s Regional Director for MENA, expressed optimism about the potential for virtual assets in the region. He highlighted Dubai’s progressive regulatory environment, its welcoming government, and its thriving crypto ecosystem as key factors driving demand for services like HT Market MENA.

Hex Trust has solidified its position as one of the region’s most trusted and regulated virtual asset service providers, holding three key licenses from Dubai’s Virtual Asset Regulatory Authority (VARA). These licenses empower Hex Trust to provide a comprehensive suite of services, including virtual asset custodial services, broker-dealer services, and asset management services. HT Market MENA operates under the third license, which enables the firm to offer institutional investors access to a secure and regulated platform for crypto-to-fiat conversions.

Hex Trust’s emphasis on regulatory compliance and security is a major differentiator in the market, especially in a region where regulatory frameworks for cryptocurrencies are still developing. The platform ensures that all transactions are compliant with local regulations, providing investors with confidence when converting their crypto assets to fiat.

HT Market MENA is not just focused on crypto-to-fiat conversions; it also offers a range of advanced financial services aimed at institutional clients. Hex Trust provides OTC (Over-the-Counter) trading solutions, which include tailored purchase and sale programs designed to optimize price, time horizon, and market impact. This service allows institutional investors to execute large trades efficiently and at favorable rates.

In addition to OTC trading, Hex Trust offers risk management solutions tailored to the needs of corporate treasury management, ensuring that businesses can effectively manage their digital asset holdings while minimizing risk. With deep liquidity and broad market access, Hex Trust helps institutional investors navigate the often complex and volatile crypto markets with ease.

The firm also offers a range of additional services, such as staking solutions that allow investors to earn passive income from their digital assets. Hex Trust’s platform provides on-chain staking, which enables clients to earn yield by locking up their crypto assets on the blockchain. These solutions are becoming increasingly important for institutional investors looking to maximize the return on their investments in digital assets.

Since opening its Dubai office in June 2022, Hex Trust has been committed to expanding its operational reach within the MENA region. The firm’s focus on providing institutional investors with secure, regulated services aligns with the growing demand for crypto services in the region. Dubai’s role as a global financial center and its focus on becoming a hub for blockchain and crypto technology makes it a natural fit for Hex Trust’s expansion strategy.

The company has worked closely with the Virtual Asset Regulatory Authority (VARA) in Dubai to ensure that its operations comply with local laws and regulations. VARA’s focus on secure and transparent crypto trading has helped establish a robust framework for firms like Hex Trust to operate within, fostering confidence among investors and institutions in the region.

Hex Trust’s growing presence in Dubai and the MENA region highlights the increasing demand for institutional-grade services for digital assets. The launch of HT Market MENA is a clear indication of Hex Trust’s commitment to supporting the expansion of the virtual asset ecosystem in the region, while providing clients with secure, compliant, and efficient solutions for interacting with both fiat and crypto markets.

Since the demand for crypto services continues to rise in the MENA region, Hex Trust is well-positioned to be a key player in this rapidly developing market. The firm’s focus on security, compliance, and customer support will continue to be crucial factors in building trust with institutional investors in the region, further cementing its position as a leader in the digital asset services industry.