The new service will enable investors in Dubai to seamlessly move their cryptocurrencies into fiat currencies.
Hex Trust Expands into Dubai with HT Markets MENA, Offering Fiat On/Off-Ramp Services
Hex Trust, a prominent provider of virtual asset custody, staking, and market services, has launched HT Markets MENA, positioning itself as one of the first firms in Dubai to facilitate secure fiat on/off-ramp services.
The newly introduced services are available through Hex Trust’s institutional-grade platform, catering exclusively to institutional clients and accredited investors. With a minimum on-ramp threshold set at AED 368,000 (approximately $100,000), these services aim to provide a seamless and secure gateway between crypto and fiat currencies.
Revolutionizing Crypto-Fiat Conversions
HT Markets MENA ensures secure access to crypto-fiat conversions via Hex Trust’s licensed, institutional-grade custody platform. This initiative enables investors in Dubai to effortlessly convert their digital assets into fiat currencies within a compliant and secure trading environment.
Having established its Dubai office in June 2022, Hex Trust has been rapidly expanding its presence in the region. The company actively collaborates with the Virtual Assets Regulatory Authority (VARA) and currently holds three Virtual Asset Service Provider (VASP) licenses issued by the regulatory body.
Driving Innovation in MENA’s Virtual Asset Space
“We are proud to be among the first VA broker-dealers in the MENA region to provide an efficient and secure bridge between fiat and virtual assets,” said Filippo Buzzi, Regional Director MENA at Hex Trust. “This groundbreaking offering addresses the growing demand for on/off-ramp services in Dubai and represents a significant milestone for HT Markets MENA.”
Buzzi further highlighted Dubai’s immense potential for virtual asset growth, citing progressive regulations, supportive government policies, and a flourishing crypto ecosystem as key drivers.
Hex Trust Markets: Expanding Access to DeFi
Beyond fiat on/off-ramp services, Hex Trust Markets offers clients secure access to the decentralized finance (DeFi) ecosystem. Through native on-chain staking solutions, investors can generate yields and execute trades while enjoying a robust and secure infrastructure.
With HT Markets MENA, Hex Trust continues to pave the way for innovative solutions, enhancing access to the virtual asset market for institutional clients and accredited investors in Dubai.