Hex Trust Supercharges Institutional Crypto with FXRP Minting and FLR Staking

Institutional crypto just got a major upgrade—and traditional finance is scrambling to keep up.

Hex Trust, the regulated digital asset custodian, just rolled out two powerhouse features for its institutional clients: custodial FXRP minting and FLR staking. This isn't just another product launch; it's a direct play for the big-money players who've been waiting on the sidelines.

Unlocking Wrapped Assets and Yield

Forget complex self-custody setups. Hex Trust's new custodial FXRP minting lets institutions create the Flare-wrapped version of XRP directly within their secure, regulated vault. No more moving assets to risky, unregulated bridges. It's a one-stop-shop for accessing the Flare network's smart contracts and DeFi ecosystem with a major asset.

And they didn't stop there. Paired with FLR staking, institutions can now put their newly minted FXRP—and existing FLR holdings—to work generating yield. All from the same, compliance-friendly platform. It turns dormant assets into revenue streams overnight.

The Institutional On-Ramp Widens

This move cuts through the biggest hurdles for funds, family offices, and banks: security and complexity. By bundling minting and staking under its custodial umbrella, Hex Trust effectively bypasses the technical and operational nightmares that have kept traditional money out. They're not just offering a service; they're selling peace of mind and a simplified path to yield.

The timing is no accident. As regulatory clarity (slowly) creeps in, the race is on to capture the first wave of serious institutional capital. Hex Trust is building the infrastructure for that wave, betting that convenience and security will trump the marginally higher yields of the wild-west DeFi frontier.

It's a savvy, if somewhat cynical, play: package the innovation of crypto in the familiar, padded box of traditional custody. Because nothing makes a fund manager more comfortable than a hefty fee for something they could—in theory—do themselves, but are too terrified to try. The future of finance is here, and it still loves a good middleman.

The update is now live for Hex Trust’s institutional clients and positions Hex as a primary gateway into the Flare ecosystem, offering a standardized and secure interface for interacting with Flare-native assets.

Gateway Into the Flare Ecosystem

The partnership allows institutions to mint and redeem FXRP — a non-custodial 1:1 representation of XRP on Flare — and to participate in native FLR staking directly through Hex Trust’s platform.

These activities underpin economic activity on Flare, supporting network security, liquidity and decentralized finance use cases. By firm combines Flare’s protocol infrastructure with Hex Trust’s regulated custody and operational controls.

In December, Hex Trust announced the launch of Wrapped XRP (wXRP) on Thursday, deploying the token across Ethereum, Solana, Optimism, and HyperEVM with $100 million in initial liquidity.

The move aims to anchor Ripple’s RLUSD stablecoin pairs on EVM chains. XRP remained flat on the news, while RLUSD supply held steady at 1.3 billion.

Solving Institutional Risk and Custody Constraints

The firm claims many institutions, direct engagement with staking or bridging has been constrained by the need for hot wallet connections and limited governance controls. As a result, assets such as XRP and FLR have often remained sidelined, despite growing onchain demand.

Hex Trust said it addresses this by maintaining a strict chain of custody while allowing participation in Flare’s DeFi ecosystem via WalletConnect. This structure allows institutions to access native FLR staking and XRP-based DeFi strategies through FXRP minting without compromising internal risk frameworks.

Turning Idle Assets Into Productive Collateral

“The expansion of token wrapping to assets like XRP marks a significant shift in market structure,” said Giorgia Pellizzari, CPO and head of custody at Hex Trust.

She notes that the integration allows traditionally static assets to become productive, liquid collateral while remaining within an enterprise-grade governance framework.

Hugo Philion, co-founder and CEO of Flare, said the partnership is designed to unlock smart contract utility for assets that lack native programmability. “Working with Hex Trust empowers institutions to put their assets to work without compromising on security or compliance,” he said.

Institutional-Grade DeFi Infrastructure

Flare’s FAssets system enables non-smart contract assets to be represented on-chain in a trust-minimized manner, supporting use cases such as staking and lending.

The system has been built with institutional requirements in mind, incorporating external audits, continuous monitoring and safeguards to protect solvency and system integrity.

Minting and redemption actions under the collaboration are governed by Hex Trust’s transaction policy engine, which supports customizable, multi-approval workflows.

As Flare expands support for other assets such as BTC, Hex Trust said it will continue to provide the secure infrastructure enabling institutions to participate at scale.