Hex Trust CEO Alessio Quaglini Says US Rules To Unlock Bitcoin’s Next Wave

Core Insights - The U.S. is poised to drive a global increase in cryptocurrency adoption as regulators establish clearer rules for banks and financial institutions [1][2] - Banks are expected to start offering Bitcoin custody services, which will lead to significant adoption of Bitcoin deposits, trading, and structured products [2][6] - Stablecoins are anticipated to disrupt traditional cross-border payment systems like SWIFT, offering faster and cheaper alternatives [2] Company Overview - Hex Trust, founded in 2018, aims to become a leading player in the crypto custody space, targeting revenues of $20 million by 2025 and aspirations for an IPO [3] - The company started with $300,000 in seed capital and raised $6 million in Series A funding in 2021, now employing over 200 staff and serving more than a million end-users [3][4] - Hex Trust's strategy focuses on custody and institutional services to mitigate volatility, contrasting with publicly traded peers like Coinbase and Galaxy Digital [4] Market Dynamics - The cryptocurrency market is increasingly institutional, with significant Bitcoin holdings shifting from early investors to asset managers and banks [5] - The perception of Bitcoin is evolving, with large players accumulating strategically, similar to central banks with gold [5] - Alessio Quaglini emphasizes that U.S. regulatory developments will set a precedent for global adoption of Bitcoin [6]