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- Hex Trust integrates XRPL, enhancing cryptocurrency custody with access to XRP, Ripple fungible tokens and NFTs.
- The collaboration with XRPL elevates Hex Trust’s services, offering fast and cost-effective transactions on an efficient and scalable platform.
Hex Trust, a leading custodian of digital assets, recently announced its integration with the XRP Ledger (XRPL), marking an important development in cryptocurrency custody. This alliance aims to enhance functionalities for users by offering access to XRP, Ripple fungible tokens and NFTs through the innovative XLS-20 token standard.
Hex Trust’s integration with XRPL represents a step forward in its service offering, opening up new possibilities for users in managing digital assets. The XRPL platform, known for its efficiency in tokenization, settlement and liquidity, provides Hex Trust with a solid foundation to expand its services. With transaction speeds that can be as fast as 3-5 seconds and extremely low costs, XRPL stands out for its efficiency and scalability.
For Hex Trust customers, this integration brings great benefits. Now, they have direct access to XRP and Ripple fungible tokens. In addition, support for NFT using the XLS-20 token standard opens doors to new forms of digital asset ownership.
XRPL’s Trust Line functionality facilitates access to other fungible tokens, and the ability to make partial payments and integrate Raw transactions provides more flexibility and efficiency in financial interactions.
XRPL’s Proof of Association Consensus Algorithm ensures fast and reliable consensus on transactions, with more than 100 validators contributing to the reliability and sustainability of the system. This feature is crucial to maintaining the integrity and security of the XRPL ledger.
The integration with XRPL strengthens Hex Trust’s position as a key player in the adoption of advanced blockchain solutions, especially through its Hex Safe central custody platform. In addition, Hex Trust has maintained an active collaborative relationship with Ripple, participating in technology upgrades and joint projects in the digital asset industry. One example is its participation in the Hong Kong Monetary Authority’s e-HKD Pilot Program.
With this strategic integration, Hex Trust reinforces its leadership in the digital asset services sector by offering users access to XRPL capabilities. This development underscores Hex Trust’s commitment to innovation and support for XRPL users, breaking new ground in cryptocurrency management and custody.
