By Blockchain News | Created at 2024-11-14 23:38:31 | Updated at 2024-11-21 17:19:33
6 days ago
Darius Baruo Nov 14, 2024 23:16
Hex Trust expands its custody, staking, and trading services to the Injective (INJ)ecosystem, strengthening its role as a validator and supporting institutional investors.
Hex Trust, a prominent digital asset custodian, has broadened its services to cater to the Injective (INJ) ecosystem. This expansion includes custody, staking, and trading services specifically designed for institutional users, according to Injective Labs.
Hex Trust's Entry into Injective
Since joining Injective as a validator earlier this year, Hex Trust has quickly gained traction, with over 1.5 million INJ tokens delegated to its validator node. This delegation accounts for more than 2% of the voting power on the Injective blockchain, underscoring the trust placed in Hex Trust by institutional investors.
Service Expansion and Offerings
Founded in 2018, Hex Trust provides regulated institutional digital asset services, including Custody, Staking, and Markets services. The company focuses on security and compliance, making it a suitable partner for the Injective ecosystem. Institutional investors can now access, trade, store, and stake INJ within Hex Trust’s secure environment, benefiting from insured custody and integrated staking solutions.
Moreover, Hex Trust's role as a validator enhances the security and decentralization of the Injective blockchain. The partnership not only highlights Hex Trust’s capabilities but also supports the Injective Foundation's goals by providing a secure and efficient platform for over-the-counter (OTC) trading with minimal slippage.
Institutional-Grade Solutions
Hex Trust is dedicated to offering institutional-grade solutions that align with the growing demands of the decentralized finance sector. Its custody services allow institutional investors to stake INJ within a fully compliant framework, thus benefiting from staking rewards while ensuring asset protection.
This development reflects a broader trend of increasing institutional involvement in blockchain networks. As demand for secure and scalable solutions continues to rise, Hex Trust is poised to drive further institutional adoption of blockchain technologies.
With its robust suite of tools and services, Hex Trust is expected to play a pivotal role in the Injective ecosystem. This collaboration aims to bridge the gap between traditional finance and decentralized finance, aligning with the evolving needs of the Web3 space.
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