XRP DeFi opens to institutions as Hex Trust adds custodial FXRP access

Custodian Hex Trust will let clients mint and redeem FXRP and stake FLR through its platform, giving institutions a way to put XRP to work. What to know : Hex Trust expanded its partnership with Flare to offer institutional clients custodial access to Flare’s XRP-focused DeFi ecosystem, including minting of FXRP tokens and redemption and native staking of FLR. The integration lets institutions keep assets under Hex’s custody while interacting with Flare through controlled approvals and multi-approval policy workflows, addressing operational and compliance concerns around hot wallets. Flare’s FXRP and FAssets system, now supported by Hex, aims to turn XRP into usable collateral for on-chain lending and trading with plans to add more assets, such as bitcoin, over time.