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Stacks Asia Partners with Hex Trust to Expand Institutional Adoption of Stacks
[Wednesday, October 30th, 2024]— To bolster the development of the Stacks ecosystem in Asia, the Stacks Asia Foundation has partnered with Hex Trust, a fully-licensed digital asset custodian. Hex Trust’s support for Stacks aims to expand institutional adoption of the Stacks blockchain across Asia and globally.
Here’s a quick overview of Hex Trust’s planned initiatives as part of this partnership:- Operate its own Stacks Signer
- Provide Stacking services, enabling users to earn rewards while supporting the network
- Implement on-ramp integrations for Stacks DeFi applications via WalletConnect
Further, one of the first initiatives will include support of SIP-010, the fungible token standard for Stacks. This brings a flexible and easy-to-implement standard that allows Stacks to be easily transferred, tracked, and used across applications.
This partnership is a key step in Hex Trust’s expansion into the Bitcoin Layer-2 ecosystem, complementing its substantial presence in Asia and the Middle East with regulatory licenses in Hong Kong, Singapore (IPA), and Dubai. With $5 billion in assets under custody and 300+ institutional clients, Hex Trust continues to lead as a trusted provider of digital asset services with a vision to secure a permissionless future. Learn more at Hextrust.com.
Please visit the Stacks Asia Foundation website for more information and follow @StacksAsiaOrg for updates as the Foundation continues to roll out initiatives, key partnerships, and new projects that will further establish Stacks as the premier Bitcoin layer in Asia.
Press inquiries: press@stacksasia.foundation
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