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Hex Trust Adds Custodial FXRP Minting and FLR Staking for Institutions

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Institutional custodian Hex Trust has expanded its long-standing partnership with Flare via a brand new collaboration meant to ship institutional entry to native FLR staking and FXRP minting.

Under the settlement, Hex Trust said it’s going to present custody, governance, and compliance infrastructure, whereas Flare provides the underlying protocol layer.

The replace is now reside for Hex Trust’s institutional shoppers and positions Hex as a major gateway into the Flare ecosystem, providing a standardized and safe interface for interacting with Flare-native belongings.

Gateway Into the Flare Ecosystem

The partnership permits establishments to mint and redeem FXRP—a non-custodial 1:1 illustration of XRP on Flare—and to take part in native FLR staking straight via Hex Trust’s platform.

These actions underpin financial exercise on Flare, supporting community safety, liquidity, and decentralized finance use circumstances. By agency combines Flare’s protocol infrastructure with Hex Trust’s regulated custody and operational controls.

In December, Hex Trust announced the launch of Wrapped XRP (wXRP) on Thursday, deploying the token throughout Ethereum, Solana, Optimism, and HyperEVM with $100 million in preliminary liquidity.

The transfer seeks to anchor Ripple’s RLUSD stablecoin pairs on EVM chains. XRP remained flat on the information, whereas RLUSD provide held regular at 1.3 billion.

Solving Institutional Risk and Custody Constraints

The agency claims that many establishments, direct engagement with staking or bridging has been constrained by the necessity for sizzling pockets connections and restricted governance controls. As a consequence, belongings corresponding to XRP and FLR have usually remained sidelined, regardless of rising on-chain demand.

Hex Trust stated it addresses this by sustaining a strict chain of custody whereas permitting participation in Flare’s DeFi ecosystem by way of WalletConnect. This construction permits establishments to entry native FLR staking and XRP-based DeFi methods via FXRP minting with out compromising inner threat frameworks.

Turning Idle Assets Into Productive Collateral

“The enlargement of token wrapping to belongings like XRP marks a major shift in market construction,” stated Giorgia Pellizzari, CPO and head of custody at Hex Trust.

She notes that the combination permits historically static belongings to turn into productive, liquid collateral whereas remaining inside an enterprise-grade governance framework.

Hugo Philion, co-founder and CEO of Flare, stated the partnership is designed to unlock sensible contract utility for belongings that lack native programmability. “Working with Hex Trust empowers establishments to place their belongings to work with out compromising on safety or compliance,” he stated.

Institutional-Grade DeFi Infrastructure

Flare’s FAssets system permits non-smart contract belongings to be represented on-chain in a trust-minimized method, supporting use circumstances corresponding to staking and lending.

The system has been constructed with institutional necessities in thoughts, incorporating exterior audits, steady monitoring, and safeguards to guard solvency and system integrity.

Minting and redemption actions underneath the collaboration are ruled by Hex Trust’s transaction coverage engine, which helps customizable, multi-approval workflows.

As Flare expands assist for different belongings corresponding to BTC, Hex Trust stated it’s going to proceed to supply the safe infrastructure enabling establishments to take part at scale.

The submit Hex Trust Adds Custodial FXRP Minting and FLR Staking for Institutions appeared first on Cryptonews.

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