Venture capital company Animoca Brands and Hex Trust, an institutional-grade digital asset custodian have announced the public launch of Gryfyn, a joint venture that’ll provide an innovative custodial wallet solution focused on onboarding users to Web3.
Gryfyn’s custodial crypto wallet is looking to offer users a seamless and secure Web3 experience that’s 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.
“We want to connect people to new experiences. Gryfyn is a digital passport that connects anyone anywhere with their favourite 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,” said Arnoldo Concepción CEO of Gryfyn.
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 this year.
Yat Siu, executive chairman and co-founder of Animoca Brands said, “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.”
Alessio Quaglini, CEO and co-founder of Hex Trust commented: “We are thrilled about launching Gryfyn globally; it represents another milestone towards fulfilling our mission to unlock ownership in decentralized markets while providing unparalleled security measures.
Quaglini went on to add that Gryfyn’s importance will skyrocket in the future as it aims to partner with multiple brands in the next future months.
The joint venture has completed a fundraise of $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.
Isa Muhammad is a writer and video game journalist covering many aspects of entertainment media including the film industry. He's steadily writing his way to the sharp end of journalism and enjoys staying informed. If he's not reading, playing video games or catching up on his favourite TV series, then he's probably writing about them.
