TL;DR:
- Hex Trust will serve as the primary gateway for institutions to access the Flare ecosystem.
- The alliance allows static assets like XRP to be transformed into productive collateral through FXRP issuance.
- Institutions will be able to perform FLR staking while maintaining compliance standards and regulated custody.
Institutional custodian Hex Trust and Flare have joined forces to enable regulated FXRP minting and FLR staking. This collaboration seeks to remove entry barriers for large-scale capital looking to participate in the decentralized finance ecosystem.
Thanks to this alliance, institutions will be able to securely mint and redeem FXRP—a 1:1 representation of XRP on the Flare network. Furthermore, Hex Trust’s compliance infrastructure ensures these operations are conducted under strict governance controls.
Institutional-Grade DeFi Infrastructure
This advancement directly addresses the risk limitations that previously prevented institutional funds from connecting their assets to staking protocols or cross-chain bridges. Consequently, assets that were previously idle can now be utilized as liquid collateral within a regulated framework.
The integration utilizes WalletConnect to allow interaction with Flare’s DeFi ecosystem without compromising the custody of private keys. In this way, it facilitates large-scale participation that respects the internal risk frameworks of financial firms.
Flare CEO Hugo Philion stated that this collaboration brings smart contract utility to assets that lack native programmability. On the other hand, Hex Trust reaffirms its commitment to providing customizable transaction policies and multi-approval workflows.
In summary, the ability to perform regulated FXRP minting and FLR staking represents a significant shift in the crypto market structure. With this solid foundation, Flare positions itself as a key network for institutional liquidity and digital asset security.
