Collaborating with MANTRA Chain, Hex Trust Aims to Offer Custody and Staking Services for Real-World Assets
In Brief
Through their partnership, Hex Trust will enable its institutional clients to leverage secure custody and staking solutions for MANTRA’s OM token, utilizing its state-of-the-art custody platform.
Digital asset provider Hex Trust announced a partnership with MANTRA Chain This collaboration allows Hex Trust to facilitate secure custody and staking solutions for the OM token, leveraging its advanced custody platform designed for a Layer 1 blockchain tailored to specific applications.
As one of the pioneering validators working to bolster the MANTRA network, Hex Trust's collaboration ensures that clients can securely store and stake their OM tokens, as well as actively participate in MANTRA governance directly from Hex Trust’s cold storage solutions. This partnership also coincides with Hex Trust's role in MANTRA's recent $11 million funding round, spearheaded by Shorooq Partners.
The tokenization of real-world assets (RWAs) stands out as a significant growth sector within the blockchain domain, with projections indicating a potential market expansion into trillions of dollars. In essence, any valuable asset can be converted into a token and recorded on a blockchain, and analysts predict that major players from traditional finance will soon explore these digital asset tokenization possibilities.
To cater to the surging demand for tokenized assets, MANTRA provides a permissionless blockchain that facilitates the tokenization and trading of RWAs, all while ensuring compliance with regulatory standards. The successful launch of its platform marks a significant step toward establishing itself as a premier venue for compliant management of real-world assets on-chain. mainnet Recently, MANTRA Chain revealed one of its substantial projects—tokenizing $500 million worth of assets in collaboration with MAG Group, a real estate developer based in Dubai. The initial phase includes the Keturah Reserve, a residential development located in Meydan, Dubai, alongside a $75 million property integrated into The Ritz-Carlton Residences Creekside project, part of the Keturah Resort.
Earlier this year, the project Hex Trust Partners With Clearpool to Introduce a Blockchain for RWA Yield Generation
Founded in 2018, Hex Trust specializes in regulated digital asset custody, staking, and market services for institutional players, including developers, investors, and service providers. The company delivers a secure and fully integrated suite of services built on proprietary infrastructure, ensuring clients have access to comprehensive and compliant solutions.
In collaboration with the decentralized finance (DeFi) credit protocol Clearpool, Hex Trust is launching Ozean—a blockchain focused on generating yield from RWAs, supported by the Optimism network. This partnership aspires to position Ozean as a forefront blockchain to exploit DeFi for harnessing the potential of RWAs, with the CPOOL token serving as its core asset.
Recently, Hex Trust partnered Please be aware that the details shared on this page are not meant to serve as legal, tax, investment, or financial guidance. It's essential to invest only what you can afford to risk, and to seek independent financial advice if unsure. We recommend checking the terms and conditions along with help and support resources from the issuer or advertiser. MetaversePost strives for accurate and impartial reporting, but please note that market conditions can change unexpectedly.
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