Hong Kong, 10 February 2026 — Hex Trust, the leading financial service provider for digital assets, has expanded its long-standing partnership with Flare, the blockchain for data, through a new strategic collaboration. Under the agreement, Hex will work with Flare to deliver institutional access to native FLR staking and FXRP (a non-custodial 1:1 representation of XRP on Flare) minting.
The partnership establishes Hex Trust as a primary institutional gateway to the Flare ecosystem, providing a standardized and secure interface for clients to interact with Flare assets. The integration, which is now live for Hex Trust’s institutional clients, supports the minting and redemption 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 tempered with the need for robust risk management and security controls. As a result, assets such as XRP and FLR have been effectively off-limits due to the hot wallet connection typically required for staking and bridging. Hex Trust solves this by providing an institutional access point that maintains a strict chain of custody while allowing full participation in Flare’s growing DeFi ecosystem using WalletConnect. This ensures that native FLR staking and XRP DeFi participation, accessed via FXRP minting, can qualify as viable institutional strategies.
Giorgia Pellizzari, CPO & Head of Custody at Hex Trust, said: "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 decentralised money markets within a governed, high-standard framework.”
Hugo Philion, Co-Founder and CEO of Flare, said: “Flare was built to expand the utility of digital assets, starting with XRP, which doesn’t possess native smart contract capabilities. 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.”
Flare is uniquely positioned to bring smart contract functionality to non-smart contract assets. Its FAssets system allows assets like XRP to be represented on the Flare network in a trust-minimized way, enabling them to be securely used for DeFi purposes such as 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.
For more information, visit hextrust.com or follow Hex Trust on LinkedIn, X and Telegram.
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About Flare
Flare network 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.
https://flare.network
