Flare has expanded its strategic partnership with digital asset custody provider Hex Trust to enhance accessibility for institutional investors to FXRP minting and native FLR staking. This integration will be available to Hex Trust’s institutional clients starting February 5, 2026.
Through this collaboration, Hex Trust will become the primary institutional gateway into the Flare ecosystem. Institutions will be able to participate in Flare native assets via a standardized and more secure interface.
Key features include support for FXRP minting and redemption, as well as FLR native staking. These are considered the foundation of economic activity within the Flare network. Flare provides the protocol infrastructure, while Hex Trust handles custody, governance, and compliance layers required by institutional clients.
Previously, institutions participating in on-chain money markets faced security and risk management challenges due to the need to connect hot wallets. This effectively excluded assets like FLR and XRP from institutional strategies. With this integration, institutions can engage in Flare DeFi through WalletConnect while maintaining strict custody frameworks.
Giorgia Pellizzari, Chief Product Officer and Head of Custody at Hex Trust, stated, “Extending token wrapping to assets like XRP and BTC signifies a shift in market structure, transforming static holdings into productive and liquid collateral. By providing an enterprise-grade gateway for FXRP minting, institutional capital will be able to directly enhance the liquidity and depth of the Flare ecosystem.”
Hugo Philion, Co-Founder and CEO of Flare, said, “Flare aims to expand the utility of assets like XRP that lack smart contract functionality. Our partnership with Hex Trust will enable institutions to utilize their assets without compromising security and regulatory compliance, thereby removing long-standing friction that has hindered institutional capital.”
Through its FAssets system, Flare is enabling smart contract functionality for non-smart contract assets like XRP. The system is designed at an institutional level, featuring external audits, continuous monitoring, bug bounty programs, and more, to safeguard the integrity and stability of assets within the DeFi environment.
Under this partnership, FXRP minting and redemption will be managed by Hex Trust’s trading strategy engine. This will utilize a multi-signature-based customized workflow, ensuring that even when assets are transferred to DeFi, the underlying tokens remain under custody.
Flare plans to expand support for other non-smart contract assets like BTC in the future. During this process, Hex Trust will continue to provide secure infrastructure for institutional participation.
Hex Trust, founded in 2018, is a provider of institutional digital asset custody, staking, and market services. Flare is a Layer 1 blockchain supporting participation of existing non-revenue assets like XRP in the DeFi ecosystem.
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