Hex Trust provides FXRP custody and FLR staking services for institutions

Hex Trust and Flare have expanded their cooperation to provide institutional clients with custodial services for Flare's XRP DeFi ecosystem, including FXRP token minting and redemption as well as native FLR staking. This integration allows institutions to interact with Flare while assets are held in custody by Hex Trust, utilizing controlled approvals and multi-approval policies to address operational and compliance issues associated with hot wallets. Flare's FXRP and FAssets systems are designed to convert XRP into on-chain collateral available for lending and trading, with plans to support more assets such as bitcoin in the future.