The partnership could enhance the “financial utility of Bitcoin for our institutional clients,” wrote Calvin Shen, the chief commercial officer at Hex Trust.
Hex Trust, a fully licensed digital asset services provider, has partnered with the Stacks Asia Foundation to capitalize on the $180 billion market opportunity around the Bitcoin ecosystem.
As part of the partnership, the custody platform will gain support for the Stacks layer and all related digital assets, and implement future on-ramps for decentralized finance (DeFi) applications.
The partnership signals growing institutional interest and a maturing industry around Bitcoin-based DeFi, according to Kyle Ellicott, investor relations lead at Stacks. He told Cointelegraph:
