Animoca Brands & Hex Trust’s Joint Venture

Animoca Brands and Hex Trust have come together to launch “Gryfyn”, a joint venture aimed at providing a new custodial wallet solution for Web3. The wallet offers a seamless and secure experience built on Hex Trust’s institutional-grade infrastructure, which is licensed and insured across several financial hubs worldwide, including Hong Kong, Singapore, Dubai, and Italy. Learn more about this new wallet below.

The Gryfyn Wallet: Animoca Brands’ Latest Innovation

Gryfyn’s NFT-centric multi-chain wallet offers bank-grade security. This enables users to interact with ease and also offers security across multiple blockchains and Web3 products. To kickstart the project, Gryfyn has completed a fundraise of US$7.5 million from various backers. These include Liberty City Ventures, GameFi Ventures, Lavender Hill Capital Partners, Mind Fund, Animoca Ventures, LeadBlock Partners, Angel Hub, Brinc, and Gabby Dizon.

Arnoldo Concepción, the co-COO of Animoca Brands, is now also the CEO of Gryfyn. He comments that: “We want to connect people to new experiences. Gryfyn is a digital passport that connects anyone anywhere with their favorite experiences, whether it’s in games, sports, music, education, transportation or anything else. We’re really excited to onboard the mass market to great and secure Web3 experiences.”

The platform has already had a successful soft launch at Hong Kong Fintech Week in November 2022. Moreover, it has also signed on global partners. The company plans that throughout 2023, Gryfyn rolls out new features and activation events, so stay tuned for more updates.

More About The Wallet

Gryfyn is the result of a prominent collaboration between Animoca Brands and Hex Trust. This partnership aims to create a custodial crypto wallet that makes it easy and safe for people to access digital experiences and manage digital assets.

Yat Siu, executive chairman and co-founder of Animoca Brands, highlights the importance of Gryfyn in the mission to bring digital property rights to a wider audience. He also states “Gryfyn is a major part of our efforts to bring mass adoption closer by providing high-quality user experiences on top-tier products in the open metaverse, where true digital ownership is finally possible. It’s also important because we want our users’ data to be protected at all times – something that only a specialized service like Gryfyn can provide.”

Moreover, Hex Trust contributes its fully licensed, bank-grade security and custody infrastructure. This also allows for seamless connection to the expanding Web3 ecosystem. Gryfyn offers a secure and reliable environment for storing, interacting with, and acquiring digital assets. It serves as a digital passport for people worldwide to engage with events, entertainment, and each other.