Hex Trust has Expanded Its Collaboration with Flare.

Hex Trust Provides FXRP Access to Institutional Clients

Hex Trust has expanded its collaboration with Flare to offer custodial access to Flare’s XRP-focused DeFi ecosystem for institutional clients. This new integration allows clients to create, retrieve, and perform native staking operations on FXRP tokens.

Businesses can interact with Flare through Hex Trust while safeguarding their assets, utilizing controlled approvals and multi-approval policy workflows. This feature addresses operational and compliance issues related to hot wallets.

Flare's FXRP and FAssets system is now supported by Hex Trust. The aim of this system is to enable XRP to be used as collateral for on-chain lending and trading. Additionally, there are plans to add more assets like Bitcoin in the future.