Hex Trust partners with Kiln to offer institutional-grade staking on a series of protocols, including Ethereum and Injective

Hex Trust partners with Kiln to offer institutional-grade staking on a series of protocols, including Ethereum and Injective

March 13, 2024

As part of our efforts to democratize access to blockchain technologies for institutional players, Hex Trust is excited to unveil our latest partnership with Kiln, a leading institutional crypto staking platform to introduce institutional-grade staking services on dPoS blockchains beginning with Injective Protocol.

Through this partnership, Hex Trust is set to deliver a secure, scalable, and intuitive staking workflow for institutional participants. Combining Kiln’s institutional-grade staking infrastructure and Hex Trust’s proven digital asset custody expertise will streamline staking experiences and build a diverse digital asset ecosystem.

Why this partnership matters:

  • Enhanced security and scalability: Leveraging Hex Trust’s custody services ensures that assets remain secure while benefiting from the excellence of Kiln's enterprise-grade staking services, bolstering institutional confidence in asset safety.
  • User-friendly access: Kiln's platform simplifies the complex processes associated with staking, making it accessible and manageable for institutional investors venturing into blockchain technologies.
  • Bridging institutional finance and blockchain: This partnership embodies our commitment to removing barriers for institutional entry into blockchain and DeFi, encouraging greater participation and investment in the space.

Hex Trust's comprehensive approach to custody and staking services ensures that institutional clients have secure custody solutions and the opportunity to actively engage in staking, promoting network participation within the Kiln ecosystem.

Our collaboration with Kiln and Injective Protocol places Hex Trust at the forefront of institutional staking. With Kiln's support for other major Proof-of-Stake blockchains including Ethereum and its comprehensive restaking assistance, we aim to provide Hex Trust customers with the most complete and secure staking experience. Our vision is to enable institutions globally to harness the full transformative potential of blockchain technology.

As we move forward, our focus remains on innovation, security, and fostering trust within the digital asset space. Stay tuned for the latest updates on this partnership and other exciting developments at Hex Trust. For institutions interested in exploring staking and restaking opportunities or seeking more information about our services, feel free to reach out at enquiries@hextrust.com.

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About Hex Trust

Established in 2018, Hex Trust is a fully licensed digital asset custodian dedicated to providing solutions for protocols, foundations, financial institutions, and the Web3 ecosystem. Get access to custody, DeFi, brokerage, and other services built on regulated infrastructure. For more information, visit hextrust.com or follow Hex Trust on LinkedIn, Twitter and Telegram.

About Kiln

‍‍Kiln is the leading enterprise-grade staking platform, enabling institutional customers to stake assets, and to whitelabel staking functionality into their offering. Kiln’s platform is API-first and enables fully automated validators, rewards, network data and commission management. With over $6b stake under management, Kiln has a particularly strong track record on Ethereum as they run about 4% of the network; this includes 42,000+ validators with 0 slashing events.

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