Hex Trust has strategically partnered with Ondo Finance to enhance its digital asset custody services. It offers clients access to two of Ondo’s leading yieldcoins like $USDY and $OUSG. This collaboration marks a significant move for Hex Trust. It aims at broadening the range of digital assets available for secure custody within its platform.
🚀Hex Trust partners with @OndoFinance to enhance digital asset custody solutions. Clients can now securely custody Ondo's yieldcoins $USDY and $OUSG, broadening institutional access to innovative #DeFi products.Learn more: https://t.co/tb324WLMFw
— Hex Trust (@Hex_Trust) June 19, 2024
Hex Trust Adds $USDY and $OUSG to Custody Platform
Ondo Finance, famous for the fresh approach to tokenization, presents $USDY and $OUSG as profitable staking assets in the digital economy. There is a significant condition to point out that $USDY is unavailable to the persons in the United States while it has not been registered under the Securities Act of the United States, which highlights its global perspective.
Their inclusion into custody platform by Hex Trust underlines firm’s determination to provide holistic custody services of yieldcoins. It gives the institutional clients of Hex Trust an option to store and manage $USDY and $OUSG securely due to Hex Trust’s compliant custody services.
This partnership also encapsulates Ondo Finance’s commitment to making its range of financial products available to more institutional customers through the custody service providers. Through this partnership with Hex Trust, the company is confident that the accessibility and desirability of $USDY and $OUSG will improve globally in the digital currency market.
Hex Trust Enhances Custody Solutions for Institutional Investors
Hex Trust offers regulated custody solutions to its clients. It allows for strict compliance measures which would make its clients comfortable with security and compliance standards. It also allows institutional investors to adjust their portfolios and diversify risks.
The affiliation between Hex Trust and Ondo Finance can be seen as a sign of creating organic collaboration for the development of the digital asset custody space. Such collaborations remain equally essential as the industry continues to expand and create more confidence as well as encourage further institutional adoption of the digital assets.
Moving forward, Hex Trust and Ondo Finance expect that this integration is going to be productive for the clients of both companies. In addition to this, it will also help in the evolution and advancement of the world of cryptocurrencies and blockchain technologies. It brings out the need to ensure safe and secure storage services for the growth of digital assets in the financial market.