Hex Trust, provider of digital custody services, has just formed a strategic partnership with Babylon, a layer-2 of Bitcoin.
The company headquartered in Hong Kong will contribute as the main agent to the oversight of the assets deposited on the network. Additionally, it will provide support for staking, enabling access for institutional investors and enhancing the utility of Bitcoin in DeFi.
Babylon currently boasts a TVL of 1.6 billion dollars, with 23,850 BTC staked in restaking.
Hex Trust and the partnership with Bitcoin Babylon’s layer-2
The leading oriental company in the digital asset market Hex Trust has announced a collaboration with Babylon, a well-known layer-2 built on Bitcoin.
This is great news for the world of cryptographic investments, as the presence of Hex Trust allows DeFi to be brought to institutional clients as well.
The custody service provider, based in Hong Kong, will indeed be fully integrated into the Babylon Bitcoin Staking protocol.
It will c
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