Hex Trust Launches Institutional FXRP Custody, Minting and Native FLR Staking With Flare

Institutional custodian Hex Trust has deepened its collaboration with Flare to roll out secure institutional access to FXRP minting and native FLR staking. Under the arrangement, Hex Trust handles custody, governance and compliance while Flare provides the protocol layer, enabling clients to mint and redeem FXRP and stake FLR directly through Hex Trust's platform. Hex Trust previously launched Wrapped XRP across multiple chains with $100 million in initial liquidity, and the firm plans to keep supporting additional Flare-based assets for institutional DeFi participation.