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Hex Trust Adds Custodial FXRP Minting and FLR Staking for Institutions

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Institutional custodian Hex Trust has expanded its long-standing partnership with Flare through a new collaboration aimed at delivering institutional access to native FLR staking and FXRP minting.

Under the agreement, Hex Trust said it will provide custody, governance, and compliance infrastructure, while Flare supplies the underlying protocol layer.

The update is now live for Hex Trust’s institutional clients and positions Hex as a primary gateway into the Flare ecosystem, offering a standardized and secure interface for interacting with Flare-native assets.

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Gateway Into the Flare Ecosystem

The partnership allows institutions to mint and redeem FXRP — a non-custodial 1:1 representation of XRP on Flare — and to participate in native FLR staking directly through Hex Trust’s platform.

These activities underpin economic activity on Flare, supporting network security, liquidity and decentralized finance use cases. By firm combines Flare’s protocol infrastructure with Hex Trust’s regulated custody and operational controls.

In December, Hex Trust announced the launch of Wrapped XRP (wXRP) on Thursday, deploying the token across Ethereum, Solana, Optimism, and HyperEVM with $100 million in initial liquidity.

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The move aims to anchor Ripple’s RLUSD stablecoin pairs on EVM chains. XRP remained flat on the news, while RLUSD supply held steady at 1.3 billion.

Solving Institutional Risk and Custody Constraints

The firm claims many institutions, direct engagement with staking or bridging has been constrained by the need for hot wallet connections and limited governance controls. As a result, assets such as XRP and FLR have often remained sidelined, despite growing onchain demand.

Hex Trust said it addresses this by maintaining a strict chain of custody while allowing participation in Flare’s DeFi ecosystem via WalletConnect. This structure allows institutions to access native FLR staking and XRP-based DeFi strategies through FXRP minting without compromising internal risk frameworks.

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Turning Idle Assets Into Productive Collateral

“The expansion of token wrapping to assets like XRP marks a significant shift in market structure,” said Giorgia Pellizzari, CPO and head of custody at Hex Trust.

She notes that the integration allows traditionally static assets to become productive, liquid collateral while remaining within an enterprise-grade governance framework.

Hugo Philion, co-founder and CEO of Flare, said the partnership is designed to unlock smart contract utility for assets that lack native programmability. “Working with Hex Trust empowers institutions to put their assets to work without compromising on security or compliance,” he said.

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Institutional-Grade DeFi Infrastructure

Flare’s FAssets system enables non-smart contract assets to be represented on-chain in a trust-minimized manner, supporting use cases such as staking and lending.

The system has been built with institutional requirements in mind, incorporating external audits, continuous monitoring and safeguards to protect solvency and system integrity.

Minting and redemption actions under the collaboration are governed by Hex Trust’s transaction policy engine, which supports customizable, multi-approval workflows.

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As Flare expands support for other assets such as BTC, Hex Trust said it will continue to provide the secure infrastructure enabling institutions to participate at scale.

The post Hex Trust Adds Custodial FXRP Minting and FLR Staking for Institutions appeared first on Cryptonews.

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Crypto World

Tokenized US Treasury Market Surges by $1B Since Beginning of Year

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US Government, United States, Bonds, RWA, RWA Tokenization

The tokenized US Treasury market has surged by over $1 billion since the beginning of 2026, despite macroeconomic uncertainty and concerns over the US government’s growing national debt.

Tokenized US Treasurys are government debt instruments that are a form of real-world assets (RWAs) represented onchain by a token.

The market capitalization of tokenized Treasurys climbed to more than $10.8 billion at the time of writing from $8.9 billion on Jan. 1, according to data from RWA.xyz.

US Government, United States, Bonds, RWA, RWA Tokenization
The tokenized US Treasury market has grown to over $10.8 billion. Source: RWA.xyz.

The tokenized US Treasury market has surged 50x since 2024, according to data from Token Terminal, aided by the March 2024 debut of asset manager BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), which now has a market cap of more than $1.2 billion.

Tokenized US Treasurys continued to surge despite a broad crypto market downturn that began in October 2025, rising US government debt levels and investor uncertainty about the macroeconomic outlook in 2026.

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US Government, United States, Bonds, RWA, RWA Tokenization
The World Uncertainty Index, an investor sentiment tracker, spiked to all-time highs in 2025. Source: FRED, Federal Reserve Bank of St. Louis

Related: Tokenized RWAs climb 13.5% despite $1T crypto market drawdown

The Depository Trust and Clearing Corporation to launch US Treasury tokenization service

The Depository Trust and Clearing Corporation (DTCC), which provides clearing and settlement services for global financial markets, announced plans in December 2025 to launch an asset tokenization service, beginning with US Treasurys.

DTCC will eventually expand the service to include a “broad spectrum” of assets, according CEO Frank La Salla. 

“Following the tokenization of US Treasurys on the Canton network, DTCC anticipates that exchange-traded funds (ETFs) and equities will come shortly thereafter,” La Salla said.

The DTCC is the largest clearinghouse in the world and settled $3.7 quadrillion in transaction volume in 2024, according to the company. 

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