Business News Report Technology
August 26, 2024

Hex Trust Launches Staking Partner Program With Institutional-Grade Providers

In Brief

Hex Trust launched its first Staking Partner Program with infrastructure partners, including Chorus One, Kiln, Luganodes, and Twinstake.

Hex Trust Launches Staking Partner Program With Institutional-Grade Providers

Provider of digital asset solutions, Hex Trust, announced the launch of its first Staking Partner Program. The new initiative will include four key infrastructure partners, including Chorus One, Kiln, Luganodes, and Twinstake.

“This initiative represents a significant leap forward in the way users engage with staking,” said Giorgia Pellizzari, Head of Custody at Hex Trust, in a written statement. “By integrating top-tier partners like Chorus One, Kiln, Luganodes, and Twinstake, we are enhancing our ability to offer clients a diverse array of high-quality staking options. This expansion underscores our commitment to providing a seamless, rewarding staking experience while upholding the highest standards of security and reliability through rigorous due diligence and leading custody technology,” she added.

Through this program, clients will gain access to various staking partners and emerging Proof-of-Stake (PoS) networks. This will enable them to earn extra rewards on their digital assets while ensuring their private keys remain secure within a regulated and insured custodial environment.

Hex Trust Enhances Staking With Unified Platform And Automated Reward Management

In addition, the integration will streamline the staking process by offering users a consolidated platform for allocating to top-tier providers, earning rewards, and managing their portfolio assets. Clients will be able to view all their staked assets in one place and access on-demand reports about their earnings. Hex Trust is also working on automated re-delegation of staking rewards to facilitate continuous compounding of assets.

Each partner has undergone thorough evaluation by Hex Trust to ensure they meet high-performance standards and maintain strong operational processes. Together, these firms oversee more than $15 billion in staked assets, run multiple nodes, and serve a wide array of institutions, guaranteeing consistent network uptime and optimized staking returns.

Among its primary advantages is the streamlined staking process, where a single platform handles the allocation, earning, management, and reporting of staked assets. It also includes top-tier providers and offers secure connectivity with private keys safeguarded in an insured and regulated custodial environment. Additionally, it ensures ongoing vetting and due diligence of its infrastructure partners.

Hex Trust represents a digital asset custodian whose main offering is specialized services for protocols, foundations, and financial institutions, along with the Web3 ecosystem.

Recently, it secured an in-principle approval from the Monetary Authority of Singapore for a Major Payment Institution license. This registration will allow the entity to provide a variety of payment services and handle Digital Payment Tokens locally.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

More articles
Alisa Davidson
Alisa Davidson

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

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