Hex Trust, a financial institution specializing in digital assets, has announced support for Etherlink, a high-performance EVM-compatible Layer 2 network built on Tezos.
Integration of Hex Trust and Etherlink
Hex Trust provides custody support for the xU3O8 token issued on the Etherlink platform. This integration is supported by Trilitech, a research and development hub in the Tezos ecosystem.
Support for xU3O8 Token
The xU3O8 token is a tokenized uranium asset available for trading on multiple exchanges, making it one of the most accessible examples of commodity tokenization. Hex Trust offers licensed and compliant custody services, ensuring the security of tokenized commodities.
Statements from Company Representatives
Giorgia Pellizzari, Head of Custody at Hex Trust, stated: "Tokenized commodities like uranium are gaining institutional interest as more real-world assets move on-chain. By integrating Etherlink, we reinforce our support for the Tezos ecosystem and highlight our continued focus on delivering secure, regulated custody for institutions engaging with the evolving landscape of real-world asset tokenization."
Ben Elvidge, the Head of Commercial Applications at Trilitech, also emphasized the importance of this step, saying: "Uranium is a perfect fit for this kind of innovation. It’s a physical asset that’s tough for most investors to access, and now we can solve both problems with blockchain rails. Having a proper regulated custodian like Hex Trust in the mix just makes it that much easier for institutions to dip their toes in the water."
This development reinforces Hex Trust's role in enabling institutional access to tokenized real-world assets. With licenses in major financial hubs like Hong Kong, Singapore, Dubai, and Italy, Hex Trust continues to deliver secure and compliant infrastructure for tokenization and custody.
