Hex Trust has announced the addition of Stacks and sBTC to its offerings for institutional investors, expanding access to the Bitcoin DeFi ecosystem.
Expansion of Hex Trust's Offerings
On Thursday, April 10, Hex Trust, a digital asset custodian, announced the addition of Stacks and sBTC to its offerings. This will allow investors to access the growing layer-2 ecosystem of Bitcoin.
The Growing Bitcoin DeFi Landscape
The sBTC feature allows for earning yields in Bitcoin terms, operating on the Stacks layer-2 network. Giorgia Pellizzari, Head of Custody at Hex Trust, stated that institutional clients will benefit from regulated access to Bitcoin DeFi.
Benefits for Institutional Investors
Due to security and regulatory concerns, many institutional investors find it challenging to hold crypto assets directly. As a result, many prefer custodial services such as Hex Trust to gain exposure to crypto assets.
Hex Trust's support for Stacks and sBTC highlights the significance of the maturing Bitcoin DeFi ecosystem and its appeal to institutional investors in key markets such as Asia and the UAE.
