The Hex Trust group, the leading institutional-grade digital asset custodian, licensed across global financial hubs, will offer institutional custody and staking for DYM, the native token of Dymension, following its upcoming mainnet launch.
Dymension is a multi-layer blockchain protocol designed to make it easy to create and deploy high-performance application-specific blockchains, called RollApps. Developers can use Dymension to create specialized blockchains that are tailored to the needs of their specific applications. This can lead to faster transactions, lower fees, and better security within its ecosystem.
“We’re excited to have Hex Trust as an institutional partner for custody and staking for DYM. As a fully licensed custodian, it’s reassuring to know that our stakeholders are in secure hands. Moreover, the experience of working with Hex Trust is 100 out of 100, the team is professional, kind, and agile.” said Yishay Harel, CEO of Dymension.
“We’re thrilled to be a launch partner for Dymension ahead of the mainnet launch and look forward to supporting the team with qualified custody and staking,” said Calvin Shen, Managing Director and Head of Sales of Hex Trust. “Dymension’s unique approach provides the tools and infrastructure needed to easily launch RollApps within the Cosmos ecosystem; we’re excited to be part of this emerging technology.”
This will be the fifth protocol from the Cosmos ecosystem that Hex Trust has integrated with. Hex Trust has integrated the tokens of Celestia for custody and staking and will be offering validator services for Injective Protocol.
Hex Trust’s comprehensive approach to custody and staking services ensures that institutional clients have secure custody solutions and the opportunity to actively engage in staking, promoting network participation within the Dymension ecosystem. For more information, contact the Hex Trust team at enquiries(at)hextrust.com.
About Hex Trust
Established in 2018, Hex Trust is a fully licensed digital asset custodian dedicated to providing solutions for protocols, foundations, financial institutions, and the Web3 ecosystem. Get access to custody, DeFi, brokerage, and other services built on regulated infrastructure.
For more information, visit hextrust.com or follow Hex Trust on LinkedIn, Twitter and Telegram.
Dymension is a layer 1, modular blockchain powering the internet of RollApps with the Inter-Blockchain Communication (IBC) standard.
For more information, visit dymension.xyz.