Hex Trust, a leading digital assets financial institution specializing in custody, staking, and market services, today announced expanded support for Stacks (STX) and sBTC, Stacks’ decentralized Bitcoin-backed asset, further cementing its role in advancing Bitcoin DeFi adoption. This development follows Hex Trust’s existing partnership with the Stacks Asia Foundation to integrate Stacks-based assets and DeFi on-ramps.
With Bitcoin holdings highly concentrated in Asian and UAE markets, Hex Trust is uniquely positioned to meet institutional demand in these regions. Clients are increasingly seeking ways to put their Bitcoin to work safely and securely. sBTC has emerged as the ideal solution, offering Bitcoin-denominated yield, unmatched decentralization, and a seamless user experience akin to native Bitcoin. Additionally, institutions can deploy sBTC across leading applications such as Zest, ALEX, and Hermetica, making it a compelling integration for Hex Trust’s clients.
The announcement follows sBTC’s rapid institutional uptake, with major firms like Jump Crypto, UTXO Management, SNZ, and Asymmetric Research joining the ecosystem. These institutions contributed to tripling sBTC’s capacity to 3,000 BTC within 24 hours of the second cap launch, underscoring sBTC’s growing traction as a bridge between Bitcoin and decentralized finance. sBTC’s next milestone is the release of withdrawal functionality in the coming weeks.
“Hex Trust’s support for STX and sBTC aligns with our mission to empower institutional clients with secure, compliant access to Bitcoin’s evolving utility,” said Giorgia Pellizzari, Head of Custody at Hex Trust. “The explosive adoption of sBTC by top-tier institutions reflects its transformative potential to unlock Bitcoin’s value in DeFi.”
Kyle Ellicott, Executive Director at the Stacks Asia Foundation, added: “Hex Trust’s expanded support strengthens the infrastructure for Bitcoin DeFi in Asia and globally. Their integration of sBTC and STX underscores the maturing ecosystem around Bitcoin’s programmable future.”
Founded in 2018, with over $5 billion in assets under custody, Hex Trust provides fully-licensed institutional-grade digital asset financial solutions to over 400 institutional clients. With licenses in key global financial hubs—including Hong Kong, Singapore and Dubai—Hex Trust continues to enable safe market access for digital asset investment. The integration of STX and sBTC enhances its offering for clients seeking exposure to Bitcoin Layer-2 innovation and decentralized applications.
