Hex Trust enables institutions to tap XRP-focused DeFi by adding custodial FXRP access on Flare Hex Trust, a regulated digital-asset custodian, has deepened its partnership with the Flare Network to give institutional clients a compliant on-ramp into XRP-focused decentralized finance — while keeping custody of their assets. What’s new - Institutional clients can now mint and redeem FXRP (Flare’s 1:1 wrapped representation of XRP) and participate in FLR staking through Hex Trust’s custody infrastructure. - Minting/redemption and staking flows are routed through Hex’s policy engine, so treasury movements can require multi-approvals and follow standardized workflows instead of relying on single-wallet signatures from hot wallets. Why it matters FXRP lets XRP holders use their tokens in smart-contract applications on Flare without moving the underlying XRP off the XRP Ledger. That unlocks lending, borrowing and other DeFi use cases for a large sui generis asset class that historically lacked native smart-contract capability. Until now, many institutional players avoided these opportunities because interacting with DeFi normally requires direct wallet connections and transaction signing from hot wallets — an operational and compliance headache for regulated funds and corporate treasuries. Hex Trust’s solution preserves custody while enabling governed access to Flare-based strategies, lowering the operational barrier for funds and firms that want regulated exposure to XRP DeFi. Security and risk controls Flare’s FAssets system — the framework that underpins FXRP — was designed with auditability and monitoring to reduce risks seen in earlier wrapping models. Hex Trust adds institutional-grade controls on top of that: minting and redemption flows are governed by a policy engine to enforce multi-approval processes and guardrails for treasury activity. Product context and roadmap Earlier this week Flare launched lending markets for FXRP, permitting users to earn yield or borrow against wrapped XRP without selling the underlying asset — a step aimed at making XRP usable as on-chain collateral. Hex Trust says it will expand support to additional assets on Flare over time, including tokenized bitcoin, as the network’s tokenization and collateral toolkit grows. Bottom line By pairing Flare’s FXRP and FAssets architecture with Hex Trust’s custody and policy controls, institutional investors get a practical, compliant pathway into XRP DeFi. That could channel more regulated capital into Flare’s growing ecosystem and make XRP more usable as collateral and liquidity in on-chain markets. Read more AI-generated news on: undefined/news