2024.10.30
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:
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.
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.
Our partnership with the Stacks Asia Foundation is a strategic move to enhance the financial utility of Bitcoin for our institutional clients. We are excited to support both Stacks and its burgeoning ecosystem of builders globally and to help the protocol scale into new markets.”
Calvin Shen
Chief Commercial Officer at Hex Trust
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
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