#hex trust

[rwatimes]

Hex Trust Assures wXRP Safety After $292M Kelp DAO Hack

Hex Trust says wXRP remains insulated from the Kelp DAO breach, outlines safeguards, and reviews bridge configurations.

➤ Hex Trust has confirmed that its wrapped XRP (wXRP) remains secure and unaffected by the recent $292 million Kelp DAO hack, which targeted rsETH through a LayerZero bridge. ➤ The firm highlighted its robust validator setup and the isolation of wXRP reserves, emphasizing that the exploited bridge had no access to the underlying XRP assets held in regulated custody. ➤ Despite assuring users of wXRP's safety, Hex Trust has paused its bridge operations for a review, reflecting broader concerns about DeFi security and cross-chain bridge vulnerabilities.

[rwatimes]

Wrapped XRP (wXRP) debuta en la blockchain Solana de la mano de Hex Trust

Wrapped XRP (wXRP) debutó en Solana mediante Hex Trust y LayerZero, ampliando liquidez y usos DeFi del activo.

➤ Wrapped XRP (wXRP) has launched on the Solana blockchain via Hex Trust and LayerZero, aiming to increase XRP's liquidity and DeFi utility. ➤ This integration allows XRP holders to use wXRP in Solana's DeFi applications without selling their native XRP, which is backed 1:1 by native XRP in segregated custody accounts. ➤ The move signifies a strategic shift for XRP, expanding its use case from institutional payments to the broader DeFi ecosystem and enhancing cross-chain interoperability.

[rwatimes]

XRP news: Ripple-linked token goes live on Solana in DeFi boost

Wrapped XRP on Solana lets XRP holders access Jupiter, Phantom, and Meteora without selling the asset, the latest step in Hex Trust's multi-chain wXRP rollout first announced in December.

➤ Wrapped XRP (wXRP) has launched on the Solana blockchain, enabling XRP holders to access Solana's DeFi applications. ➤ Issued by Hex Trust and bridged via LayerZero, wXRP is backed 1:1 by native XRP and allows access to platforms like Jupiter and Phantom without selling the underlying asset. ➤ This move aims to tap into Solana's DeFi ecosystem and liquidity, following a broader multi-chain rollout strategy for wXRP.

[rwatimes]

XRP Goes Live on Solana as wXRP, Price Jumps to $1.50

XRP launches on Solana as wXRP, rises 5% to $1.50, unlocking DeFi access with over $100M liquidity and strong market demand.

➤ XRP has been launched on the Solana network as wrapped XRP (wXRP), enabling DeFi access and increasing its utility. ➤ The integration, supported by Hex Trust and LayerZero Labs, has led to a price increase for XRP and unlocked over $100 million in initial liquidity. ➤ This move is part of Ripple's strategy to enhance cross-chain utility and adoption, attracting both retail and institutional interest.

[pavel-nosok]

Qraft Technologies and Hex Trust Forge AI-Driven Partnership to Revolutionize Digital Asset Investment Landscape

Qraft Technologies partners with Hex Trust, leveraging AI to enhance digital asset investments. The alliance aims to bridge traditional and digital asset management, optimizing cryptocurrency portfolios. (Read More)

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[btcmanager]

Tezos' tzBTC Adds Two More Custodians—Hex Trust and Tangany

Tezos' tzBTC Adds Two More Custodians—Hex Trust and Tangany

Hex Trust—one of Asia’s leading digital asset custodian—and Tangany—an award-winning and regulated custodian in Germany—are now tzBTC keyholders. The Mechanics of tzBTC and Keyholders In a press release on Aug 12, the two custodians will become part of the Tezos ecosystem. As keyholders, their primary task will be to ensure that the tzBTC-BTC peg holds.Read More

https://btcmanager.com/tezos-tzbtc-two-custodians-hex-trust-tangany/?utm_source=Tumblr&utm_medium=socialpush&utm_campaign=SNAP

[thecryptoreport]

Eyeing EU Banks, Hex Trust Teams With SIA on Crypto Custody

Eyeing EU Banks, Hex Trust Teams With SIA on Crypto Custody

Multinational payments firm Sia is partnering with cryptocurrency custodian Hex Trust to help its European banking clients hold digital assets.

“When you have one bitcoin, it’s not a big problem, but when you start adding 10, 20 or 100, you have a treasury and you have to decide where to store this,” said Daniele Savarè, SIA’s innovation and business solutions director. “We are discussing…

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[thecryptoreport]

R3 Teams With Custodian Hex Trust to Help Asian Banks Sell Security Tokens

Asian banks interested in issuing security tokens on R3’s Corda now have a local custodian.

Hong Kong-based Hex Trust is partnering with the enterprise blockchain company to offer banking clients another option for issuing security tokens. The custodian began working with R3 when one of its clients issued collateral tokens for derivatives on Corda. 

“A lot of the new demand coming is for…

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