Animoca Brands & Hex Trust launch Gryfyn — an NFT-centric wallet

by James · March 22, 2023

Web3 investment giant Animoca Brands, in a joint venture with digital asset manager Hex Trust, has created the custodial wallet solution known as Gryfyn. According to a statement from Animoca, $7.5 million was raised from investors including Liberty City Ventures, Lavender Hill Capital Partners, Animoca Ventures, Leadblock Partners, Mind Fund and GameFi Ventures.

The wallet will be an “NFT-centric, multi-chain” solution with “bank-grade security” developed on top of Hex Trust’s infrastructure, according to the announcement.

Arnoldo Concepción, who was previously co-CEO of Animoca Brands, will now take over the management of Gryfyn. Arnoldo, CEO of Gryfyn, expressed the company’s excitement and willingness to board the market to experience amazing and secure web 3 services.

Commenting on this, Yat Siu, Co-Founder and Executive Chairman of Animoca Brands revealed that Gryfyn is a key component in their mission to accelerate mainstream adoption by providing premium user experiences on top-tier products in the open metaverse, where true digital ownership is final feasible.

He further added that “It is also important because we want users’ data to be protected at all times – something only a specialized service like Gryfyn can offer.”

CEO and co-founder of Hex Trust, Alessio Quaglini, expressed his excitement at the global launch of Gryfyn, as it marks another milestone towards completing the goal of liberating ownership in decentralized marketplaces while delivering unparalleled security measures. According to him, Gryfyn will become even more crucial, given the increasing number of partnerships they have planned in the coming months.

In November 2022, the wallet had its soft launch during Hong Kong Fintech Week. Although the company operated in secret, it managed to secure a partnership with MotoGP.

Leading company in digital entertainment, blockchain and gamification Animoca Brands promotes digital property rights and helps create the open metaverse. The company creates and distributes a wide range of goods, such as the REVV token and SAND token, as well as original games such as The Sandbox, Crazy Kings and Crazy Defense Heroes and goods based on famous IPs such as Disney, WWE, Snoop Dogg, The Walking Dead, Power Rangers, MotoGPTM and Formula E.

More than 380 Web3 companies, including Colossal, Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Yield Guild Games, Harmony, Alien Worlds, Star Atlas and others, are included in Animoca Brands’ expanding portfolio.

Hex Trust Group is a fully accredited and insured digital asset manager. Hex Safe is a proprietary platform that provides solutions for digital asset protocols, foundations, financial institutions and the Web3 ecosystem. It was developed by Hex Trust Group, which is led by experienced banking technologists and financial services experts.