Hex Trust Enables Institutional Access to XRP DeFi with FXRP Custody

Hex Trust now provides institutions with the ability to mint FXRP and stake FLR, enhancing their engagement with XRP's decentralized finance ecosystem.

Hex Trust, a prominent custodian in the cryptocurrency space, has announced a new feature that allows its clients to mint and redeem FXRP. This development marks a significant step for institutions looking to actively utilize XRP within the decentralized finance (DeFi) landscape.

By providing custodial access to FXRP and enabling the staking of FLR tokens, Hex Trust is creating new opportunities for institutional investors to engage with the XRP ecosystem. This move not only enhances liquidity options for XRP but also allows institutions to leverage their holdings effectively.