HONG KONG. 8 FEBRUARY, 2024 - The Hex Trust group, which includes the leading institutional-grade digital asset custodian, licensed across global financial hubs, is officially joining Injective as its latest validator. This represents a significant addition to Injective's esteemed group of global validators, further fortifying the security of the proof-of-stake (PoS) Injective network.
Injective is an open, interoperable layer-one blockchain designed for finance, powering next-generation DeFi applications such as decentralized spot and derivatives exchanges, prediction markets, lending protocols, and more. It uniquely offers primitives such as a high performance on-chain decentralized exchange infrastructure, decentralized bridges, oracles and more.
Hex Trust's involvement will facilitate institutional access to the Injective network. The company collaborates with digital asset innovators like Injective to build infrastructure that bolsters the integrity of protocols and ecosystem projects. Given Hex Trust's established reputation and extensive experience in validation, its primary role will be to enhance the network's security by ensuring the validity of transactions and blocks.
"Injective serves as a bridge to institutional onboarding with a bespoke infrastructure stack that is optimized to offer builders the best DeFi modules to build highly interoperable cross-chain applications with fast transaction times and instant finality. We are excited to see Hex Trust join Injective to bolster the network’s institutional-grade security standards that are trusted by financial organizations worldwide. " - Eric Chen, Co-Founder and CEO, Injective Labs
"Injective is helping to lay the foundation for the institutional adoption of blockchain technology. We're excited to play a part in building a diverse digital asset ecosystem by being a validator in the Injective network.” - Alessio Quaglini, Co-Founder and CEO, Hex Trust
Injective is the only blockchain specialized for DeFi applications with one of the fastest block times in crypto at 0.8 seconds. The Injective ecosystem includes over 200 projects and 700,000+ community members globally, backed by prominent investors such as Binance, Pantera Capital, Jump Crypto, and Mark Cuban.
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 Injective 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.
Injective is a lightning fast interoperable layer one blockchain optimized for building the premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.