Animoca Brands and Hex Trust launch Gryfyn, NFT-centric custodial wallet joint venture
Gryfyn raises US$7.5M to drive Web3 adoption through entertainment experiences
21 March 2023 - Animoca Brands, the company advancing digital property rights for gaming and the open metaverse, and Hex Trust, an institutional-grade digital asset custodian licensed across financial hubs including Hong Kong, Singapore, Dubai, and Italy, have announced the public launch of Gryfyn – a joint venture to provide an innovative custodial wallet solution focused on onboarding users to Web3.
Gryfyn has completed a fundraise of US$7.5 million from backers that include Liberty City Ventures, GameFi Ventures, Lavender Hill Capital Partners, Mind Fund, Animoca Ventures, LeadBlock Partners, Angel Hub, Brinc, as well as angel investors including Gabby Dizon. Arnoldo Concepción, the co-COO of Animoca Brands, has been announced as the CEO of Gryfyn.
Gryfyn’s custodial crypto wallet offers users a seamless and secure Web3 experience built on Hex Trust’s licensed and insured institutional-grade infrastructure. The wallet is an NFT-centric multi-chain wallet with bank-grade security that enables users to interact easily and securely across multiple blockchains and Web3 products.
Following a successful soft launch at Hong Kong Fintech Week in November 2022, Gryfyn has signed on global partners and will be rolling out new features and activation events throughout 2023.
Arnoldo Concepción, the CEO of Gryfyn, commented: “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.”
Yat Siu, executive chairman and co-founder of Animoca Brands, highlighted the importance of Gryfyn in the mission to bring digital property rights to a wider audience, stating, "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.”
Alessio Quaglini, the CEO and co-founder of Hex Trust, commented: “We are thrilled about launching Gryfyn globally today; it represents another milestone towards fulfilling our mission to unlock ownership in decentralized markets while providing unparalleled security measures. Gryfyn will become even more important given the increasing number of partnerships we have coming up over the next few months."
Gryfyn is a joint venture between Animoca Brands and Hex Trust to provide a custodial crypto wallet that allows anyone anywhere to easily and safely access digital experiences, own and handle digital assets, and connect with their favorite brands. Hex Trust provides its fully licensed bank-grade security and custody infrastructure to connect seamlessly to the rapidly expanding Web3 ecosystem. Gryfyn offers a secure, reliable and stress-free environment to store, interact with, and acquire digital assets. People around the world use Gryfyn as a digital passport to engage with events, entertainment, and each other.
About Animoca Brands
Animoca Brands, a Deloitte Tech Fast winner and ranked in the Financial Times list of High Growth Companies Asia-Pacific 2023, is a leader in digital entertainment, blockchain, and gamification that is working to advance digital property rights and contribute to the establishment of the open metaverse. The company develops and publishes a broad portfolio of products including the REVV token and SAND token; original games including The Sandbox, Crazy Kings, and Crazy Defense Heroes; and products utilizing popular intellectual properties including Disney, WWE, Snoop Dogg, The Walking Dead, Power Rangers, MotoGP™, and Formula E. It has multiple subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Forj, Lympo, Animoca Brands Japan, Grease Monkey Games, Eden Games, Darewise Entertainment, Notre Game, TinyTap, Be Media, PIXELYNX, and WePlay Media. Animoca Brands has a growing portfolio of more than 380 Web3 investments, including Colossal, Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Yield Guild Games, Harmony, Alien Worlds, Star Atlas, and others. For more information visit www.animocabrands.com or follow on Twitter or Facebook.
About Hex Trust
The Hex Trust Group is a fully-licensed and insured digital asset custodian. Led by veteran banking technologists and award-winning financial services experts, the Hex Trust Group has built Hex Safe, a proprietary bank-grade platform that delivers solutions for digital asset protocols, foundations, financial institutions, and the Web3 ecosystem. The Hex Trust Group has offices in Singapore, Hong Kong, Dubai, Italy, and Vietnam.
Animoca Brands: firstname.lastname@example.org
UPDATE: The original press release had a typo in the subtitle; Gryfyn raised US$7.5M (not US$7.8M).