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Crypto Custodian Hex Trust Expands European Foray With Registration in France

Digital asset custodian Hex Trust has expanded its regulated footprint in Europe, winning registration from France's Autorité des Marchés Financiers (AMF) and Autorité de Contrôle Prudentiel et de Résolution (ACPR). The Hong Kong-based firm can now provide digital asset custody and the buying, selling and trading of digital assets in France as well as Italy. Hex Trust described registration in France as "a significant milestone" for its European expansion plans. Under new European Union laws set to take effect in 2024, exchanges and wallet providers licensed in one EU country such as the Netherlands. France has emerged as a favored destination for cryptocurrency firms.

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