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Hex Trust Partners With the Stacks Asia Foundation to Integrate Stacks and Implement On-ramps For Stacks DeFi Applications
Hex Trust, a leading fully-licensed provider of digital asset custody and markets services, has announced its partnership with the Stacks Asia Foundation, which will include support for the Stacks layer and all Stacks-based assets on its custody platform. Hex Trust will also run its own Stacks Signer, joining a roster of top names in the industry, and offering Stacking services, with additional plans to implement on-ramps to Stacks DeFi applications once WalletConnect support is ready. An early initiative will include support for SIP-010, the standard for creating and managing fungible tokens on the Stacks blockchain, allowing them to be easily transferred, tracked, and used across different applications.
The integration aligns with Hex Trust’s strong and established presence in Asia and the Middle East, where they hold regulatory licenses in Hong Kong, Singapore (IPA), and Dubai, and complements the recent establishment of the Stacks Asia Foundation. This partnership is also a major milestone in Hex Trust’s push into the burgeoning Bitcoin Layer-2 ecosystem
With over $5 billion in assets under custody and more than 300 institutional clients, including prominent institutions from both Web2 and Web3, Hex Trust’s support for Stacks highlights the growing institutional adoption and accessibility for the Stacks blockchain in the Asian market and globally
“Hex Trust’s support for Stacks unlocks ample opportunities for institutional investors in our region,” says Kyle Ellicott, Executive Director at the Stacks Asia Foundation. “As a long-time industry-leading custodian throughout greater Asia and the Middle East, Hex Trust provides a vital pathway for the Stacks Ecosystem to expand further in the world’s most transformative markets.
Calvin Shen, Chief Commercial Officer at Hex Trust, adds: “Our partnership with the Stacks Asia Foundation is a strategic move to enhance the financial utility of Bitcoin for our institutional clients. We are excited to support both Stacks and its burgeoning ecosystem of builders globally and to help the protocol scale into new markets.”
Hex Trust is the first in a line of partnership announcements that will be made during the Stacks Foundation’s Best and the Brightest campaign. The campaign features partners who are leaders in their respective categories within the Bitcoin landscape, and who are in support of sBTC, Stacks’ long-awaited solution for fully programmable Bitcoin.
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