Hex Trust has entered into a strategic partnership with Ondo Finance to enhance its digital asset custody services, offering clients access to two of Ondo’s premier yieldcoins, namely $USDY and $OUSG. This collaboration signifies a significant milestone for Hex Trust as it aims to expand the range of digital assets available for secure custody on its platform.
Renowned for its innovative approach to tokenization, Ondo Finance introduces $USDY and $OUSG as lucrative staking assets in the digital economy. It is important to note that $USDY is not accessible to individuals in the United States as it has not been registered under the Securities Act of the United States, underscoring its global outlook.
The integration of these yieldcoins into Hex Trust’s custody platform underscores the company’s commitment to offering comprehensive custody services for yieldcoins. Institutional clients of Hex Trust now have the opportunity to securely store and manage $USDY and $OUSG, thanks to Hex Trust’s compliant custody services.
This partnership also reflects Ondo Finance’s dedication to expanding the availability of its financial products to more institutional customers through custody service providers. Through this collaboration with Hex Trust, the company anticipates an increase in the accessibility and appeal of $USDY and $OUSG in the global digital currency market.
Hex Trust is dedicated to enhancing custody solutions for institutional investors by providing regulated custody services that adhere to strict compliance measures, ensuring clients’ comfort with security and compliance standards. This enables institutional investors to adjust their portfolios and diversify risks effectively.
The partnership between Hex Trust and Ondo Finance signifies a mutually beneficial collaboration aimed at advancing the digital asset custody space organically. Such partnerships are crucial as the industry continues to grow, instilling confidence and fostering further institutional adoption of digital assets.
Looking ahead, Hex Trust and Ondo Finance anticipate a fruitful integration for their clients, contributing to the evolution and advancement of cryptocurrencies and blockchain technologies. This highlights the importance of ensuring safe and secure storage services for the growth of digital assets in the financial market.