Hex Trust, a key fully licensed platform offering custody for digital assets, has announced the extension of its collaboration with Stacks Asia Foundation. The continuation of the partnership with Stacks Asia Foundation denotes a landmark achievement to boost the Bitcoin economy. With this endeavor, Hex Trust particularly fortifies its reach across the Middle East and Asia.
Hex Trust has a strong & established presence in Asia and the Middle East, holding regulatory licenses in Hong Kong, Singapore (IPA), & Dubai. Hex Trust’s partnership with Stacks Asia Foundation is also a major milestone in their push into the burgeoning Bitcoin ecosystem. 2/3 pic.twitter.com/RAieHbDAmY
— stacks.btc (@Stacks) December 14, 2024
Hex Trust Strengthens Bitcoin Market
Hex Trust, revealed in an exclusive X post that it intends to increase the $sBTC token’s adoption across well-known financial hubs. In this respect, the platform plans to conduct distinctive investor roundtables, especially in Dubai, Singapore, and Hong Kong. The respective events will potentially play a crucial role in linking the institutional investors to the top market players.
The extension in the collaboration between Hex Trust and Stacks Asia Foundation targets to enhance the Bitcoin market. For this purpose, Hex Trust focuses on showcasing the $sBTC token’s increasing role in increasing the use cases of Bitcoin. In addition to this, highlighting the token’s role in bridging Bitcoin and DeFi is another objective of the respective development.
With Key Regulatory Licenses, Hex Trust Backs $sBTC Adoption
Having regulatory licenses in the top financial jurisdictions like Singapore, Dubai, and Hong Kong, Hex Trust is suitable for this initiative. Its established presence in the above-mentioned regions and resilient compliance infrastructure place it in a good position to back $sBTC. Hence, the platform can significantly contribute to making $sBTC a revolutionary instrument for $BTC holders.
According to Hex Trust, it will reportedly conduct a flagship event in mid-February around Consensus Hong Kong. This will promote $sBTC adoption by imparting valuable information via virtual sessions. Overall, the partnership will boost the Bitcoin DeFi sector’s growth, unlocking the latest opportunities for worldwide developers and investors.
