Hex Trust has formed a strategic partnership with Ondo Finance to enrich its digital asset custody services. This collaboration allows clients to access two of Ondo’s top yieldcoins, namely $USDY and $OUSG. For Hex Trust, this partnership represents a significant step towards expanding the range of digital assets available for secure custody on its platform.
Renowned for its innovative approach to tokenization, Ondo Finance introduces $USDY and $OUSG as lucrative staking assets in the digital economy. It is worth noting that $USDY is not available to individuals in the United States as it has not been registered under the Securities Act of the United States, underscoring its global outlook.
The integration of these yieldcoins into Hex Trust’s custody platform underscores the company’s commitment to offering comprehensive custody services for yieldcoins. Institutional clients of Hex Trust now have the option to securely store and manage $USDY and $OUSG thanks to Hex Trust’s compliant custody services.
This partnership also reflects Ondo Finance’s dedication to expanding the accessibility of its financial products to a wider audience of institutional customers through custody service providers. By partnering with Hex Trust, the company is confident that the global accessibility and appeal of $USDY and $OUSG in the digital currency market will increase.
Hex Trust, known for providing regulated custody solutions, ensures that its clients adhere to strict compliance measures, boosting confidence in security and compliance standards. This allows institutional investors to fine-tune their portfolios and mitigate risks effectively.
The collaboration between Hex Trust and Ondo Finance signifies a harmonious effort to advance the digital asset custody space organically. Such partnerships are crucial as the industry continues to grow, instilling confidence and fostering greater institutional adoption of digital assets.
Looking ahead, Hex Trust and Ondo Finance anticipate a mutually beneficial integration for their clients. This collaboration is poised to drive the evolution and progress of the cryptocurrency and blockchain sectors, emphasizing the importance of secure storage services for the growth of digital assets in the financial landscape.
