Hexagonal trusta leading licensed provider of digital asset custody and marketplace services, announced its partnership with the Stacks Asia Foundationwhich will include support for the Stacks layer and all Stacks-based assets on its custody platform. Hex Trust will also run its own Stacks Signer, joining a roster of big names in the industry and offering Stacking services, with additional plans to implement on-ramps to Stacks DeFi applications once support for WalletConnect is released. ready. A first initiative will include support for SIP-010, the standard for creating and managing fungible tokens on the Stacks blockchain, allowing them to be easily transferred, tracked and used across different applications.
The integration aligns with Hex Trust’s strong and established presence in Asia and the Middle East, where they hold regulatory licenses in Hong Kong, Singapore (IPA) and Dubai, and complements the recent establishment of the Stacks Asia Foundation . This partnership is also a major step in Hex Trust’s progression into the growing Bitcoin Layer-2 ecosystem.
With over $5 billion in assets under custody and over 300 institutional clients, including leading Web2 and Web3 institutions, Hex Trust’s support of Stacks highlights growing institutional adoption and accessibility of the Stacks blockchain in the Asian and global market.
“Hex Trust’s support of Stacks opens many opportunities for institutional investors in our region. » said Kyle Ellicott, Executive Director of Stacks Asia Foundation. “As a long-standing leading custodian in Greater Asia and the Middle East, Hex Trust provides a vital path for the Stacks ecosystem to further grow in the world’s most transformative markets.
Calvin Shen, Chief Commercial Officer at Hex Trust, adds: “Our partnership with the Stacks Asia Foundation is a strategic move to improve the financial utility of Bitcoin for our institutional clients. We are excited to support both Stacks and its burgeoning ecosystem of builders globally and help the protocol expand into new markets.
Hex Trust is the first in a series of partnership announcements that will be made during the Stacks Foundation’s Best and the Brightest campaign. The campaign features partners who are leaders in their respective categories within the Bitcoin landscape and who support sBTC, Stacks’ long-awaited solution for fully programmable Bitcoin.
