Flare Expands Institutional Access to FXRP Minting and FLR Staking With Hex Trust
Flare has expanded its partnership with Hex Trust through a new strategic collaboration to deliver institutional access to native FLR staking and FXRP minting.
The partnership establishes Hex Trust as a primary institutional access point to the Flare ecosystem, providing a standardized and secure interface for institutions to interact with Flare-native assets.
What are the details of the partnership?
The integration, now live for Hex Trust’s institutional clients, supports the minting and redeeming of FXRP and native FLR staking; activities which form the bedrock of economic activity on Flare. Flare provides the underlying protocol infrastructure, while Hex Trust delivers the custody, governance, and compliance layer required by institutional clients.
For institutions, participation in onchain money markets must be balanced with robust risk management and security controls. As such, assets like FLR and XRP have been effectively off-limits, given the hot wallet connections typically required for staking and bridging.
How does this impact institutional clients?
Through the integration with Hex Trust, institutions are provided an access point that maintains a strict chain of custody while allowing full participation in Flare DeFi using WalletConnect. This allows native FLR staking and XRP DeFi participation, via FXRP minting, to qualify as viable institutional strategies.
According to Giorgia Pellizzari, CPO & Head of Custody at Hex Trust, the expansion of token wrapping to assets like XRP and BTC marks a significant shift in market structure, transforming static holdings into productive, liquid collateral for the digital economy. "By providing an enterprise-grade gateway for FXRP minting, we are enabling institutional capital to directly enhance the liquidity and depth of the Flare ecosystem. This move bridges the gap between traditionally siloed assets and smart contract utility, allowing institutions to contribute to network security and decentralized money markets within a governed, high-standard framework."
"Flare was built to expand the utility of digital assets, starting with XRP, which doesn’t possess native smart contract capabilities," said Hugo Philion, Co-Founder and CEO of Flare. "Working with Hex Trust will empower institutions to put their assets to work without compromising on the security and compliance frameworks by which they’re bound. This will remove the friction that’s kept institutional capital on the sidelines, and serve as a catalyst for even greater onchain activity across the Flare ecosystem."
What role do FAssets play?
Flare is uniquely positioned to bring smart contract functionality to non-smart contract assets via its FAssets system, which allows assets like XRP to be represented on Flare in a trust-minimized way, enabling them to be used securely for DeFi activity like staking and lending. The FAssets system is institutional-grade by design, with multiple external audits, continuous monitoring, ongoing bug bounty programs, and built-in safeguards to protect solvency and system integrity.
Hex’s collaboration with Flare includes minting and redeeming actions being governed by the former’s transaction policy engine. This provides a customizable, multi-approval workflow for complex treasury movements, ensuring that even as assets move into DeFi for lending or liquidity provision, the underlying tokens remain under custody.
As Flare continues to roll out support for additional non-smart contract assets, such as BTC, Hex Trust will provide the secure infrastructure for institutions to participate.
About Hex Trust
Established in 2018, Hex Trust offers regulated institutional digital asset custody, staking and markets services to builders, investors and service providers. Get access to our comprehensive, secure and regulated suite of services built on our proprietary and fully integrated infrastructure.
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About Flare
Flare is a Layer 1 blockchain that enables digital assets like XRP to participate in decentralized finance applications. Through its smart contract infrastructure, Flare unlocks yield-generating opportunities for traditionally non-yielding assets while maintaining institutional-grade security and compliance standards.