Hex Trust has launched FXRP custody and native FLR staking for institutional clients. This provides a secure and regulated way to use XRP within the Flare Network DeFi ecosystem.
Hex Trust has added the ability to obtain custody of FXRP, which has a 1:1 value of XRP through the Flare Network, while also supporting redemption flows back to XRP. The platform also enables native FLR staking, allowing institutions to participate directly in the network’s staking rewards without moving assets out of Hex Trust’s custody.
One of the highlights of the announcement is that the offering includes an integrated transaction policy engine and customizable multi-approval workflows, designed to meet enterprise compliance and audit requirements.
Hex Trust framed these controls as a response to the operational and risk management hurdles that have limited institutional participation in DeFi, by reducing manual portfolio management and providing auditable governance for on-chain activity.
“This allows traditionally static assets to evolve into productive and liquid collateral,” said Giorgia Pellizzari, CPO and Head of Custody at Hex Trust. Hugo Philion, co-founder and CEO of Flare, added that the agreement allows institutions to strategically deploy assets “without sacrificing security or compliance.”
The impact on the Hex Trust ecosystem and its potential reach
Converting XRP to FXRP effectively opens previously dormant holdings to Flare’s on-chain lending, trading, and staking markets, improving capital efficiency for institutional treasuries.
Hex Trust and its partners framed the capability as a way to enable institutions to access yield and liquidity without exposing assets to unregulated custody or bespoke self-custody routines. Markus Infanger, SVP at RippleX, described the initiative as a response to growing institutional demand for greater utility from XRP.
For market participants, the practical metrics to watch are FXRP minting adoption rates and net flows into FLR staking through custody channels. These metrics will indicate whether institutions are shifting XRP holdings into productive roles within the supply chain while maintaining regulated custody.
The change aligns institutional incentives with network growth by linking yield generation with secure and auditable custody—a combination that could influence treasury management and liquidity provisioning strategies for firms holding XRP.
