Hex Trust, a fully licensed digital asset services provider, has teamed up with the Stacks Asia Foundation to leverage the $180 billion market potential within the Bitcoin ecosystem. This collaboration will enable the custody platform to support the Stacks layer and associated digital assets, as well as introduce future on-ramps for decentralized finance (DeFi) applications. The partnership reflects a growing institutional interest and a maturing industry in Bitcoin-based DeFi, as stated by Kyle Ellicott, investor relations lead at Stacks. The entrance of Hex Trust signifies the rising consumer demand in Asia for Bitcoin ecosystem products. Additionally, the partnership is expected to enhance the financial utility of Bitcoin for institutional clients. Various projects, such as Hermetica, are also contributing to expanding the utility of Bitcoin, with the launch of innovative products like the Bitcoin-backed synthetic dollar, USDh, offering attractive yields for investors. Read more AI-generated news on: https://app.chaingpt.org/news

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