The collaboration positions Hex Trust as a primary institutional gateway to the Flare ecosystem, pairing regulated custody with onchain utility. The announcement states:
Giorgia Pellizzari, CPO and head of custody at Hex Trust, stated:
FAQ ⏰ Why is the Hex Trust and Flare partnership bullish for XRP? It enables regulated institutional access to FXRP minting and XRP-based DeFi without hot wallet risk. What is FXRP and why does it matter for institutions? FXRP is a non-custodial 1:1 representation of XRP on Flare that allows onchain utility and liquidity. How does FLR staking support the Flare ecosystem? Native FLR staking underpins Flare’s economic model by securing the network and incentivizing participation. What could drive XRP price recovery despite weak momentum? Analysts point to institutional ETF inflows and RLUSD adoption as key structural demand catalysts.
