Hex Trust, a leading fully-licensed digital asset custody and markets services provider, has announced its partnership with the Stacks Asia Foundation. This collaboration will see Hex Trust integrate support for the Stacks layer and all Stacks-based assets onto its custody platform. The partnership will also involve Hex Trust running its own Stacks Signer, joining a roster of top industry names, and offering Stacking services. Additionally, Hex Trust plans to implement on-ramps for Stacks DeFi applications once WalletConnect support is ready.
Hex Trust has partnered with @Stacks to support the Stacks layer & all Stacks-based assets on our custody platform. This collaboration is part of Hex Trust’s push to enhance institutional access to the Bitcoin Layer-2 ecosystem.
Full announcement here 🔗https://t.co/wLVIMHz4Sg
— Hex Trust (@Hex_Trust) October 30, 2024
This strategic move by Hex Trust aims to enhance the financial utility of Bitcoin for its institutional clients. By integrating Stacks, Hex Trust will enable its clients to access the growing Bitcoin DeFi ecosystem and its various applications. The partnership will also facilitate easier access to Stacks-based assets for institutional investors in the region.
Kyle Ellicott, Executive Director at the Stacks Asia Foundation, expressed his enthusiasm about the partnership, stating that Hex Trust’s support for Stacks unlocks ample opportunities for institutional investors in the region. He highlighted Hex Trust’s position as a long-time industry-leading custodian throughout greater Asia and the Middle East, recognizing its vital role in expanding the Stacks Ecosystem into the world’s most transformative markets.
