Algorand Supercharges Institutional Staking with Hex Trust Partnership – Here’s Why It Matters

Algorand just leveled up its institutional game. The blockchain powerhouse is teaming with Hex Trust to unlock next-gen staking for big-money players—because apparently, even crypto needs Wall Street’s approval now.

Why this move? Institutions want yield without the headache. Algorand’s pure proof-of-stake meets Hex Trust’s compliant custody, creating a turnkey solution for funds that still think ‘not your keys, not your crypto’ is a radical concept.

The irony? Banks spent years dismissing crypto—now they’re scrambling for blockchain-powered returns. Algorand’s latest play proves DeFi’s institutional invasion is just getting started.

Algorand’s traction

The partnership with Hex Trust comes a few weeks after Algorand Foundation revealed it was joining forces with Paycode, a leading biometric and offline digital payment provider.

Algorand and Paycode aim to expand blockchain-powered digital asset payments to underserved regions across the world.

“This partnership brings blockchain into direct service of people who need it most,” said Staci Warden, chief executive officer of the Algorand Foundation. “Paycode is already reaching some of the most difficult places to serve. Together, we have the opportunity to make those systems more transparent, efficient, and trusted.”

Recently, the ALGO token surged as the Federal Reserve’s real-time gross settlement system, Fedwire, officially adopted the ISO 20022 standard.

The MOVE allows banks and financial institutions to tap into blockchain platforms for cross-border payments, with key benefits including speed, security and programmable settlements.

Algorand is one of the blockchains already compliant with ISO 20022. Others include XRP, Stellar, Cardano, Quant, and Hedera.