Product Updates: February 2024

Product Updates: February 2024

March 1, 2024

In February, Hex Trust made advancements to better serve institutional clients by adding support for custody and staking of Injective and Dymension tokens, introducing a new API feature for effortless creation of up to 1000 wallets, and expanding their token offerings to include STRK, BCUT, DUEL, ISME, and PORK, broadening investment opportunities within the ERC-20 token ecosystem.

Diving into the details of these updates.

  1. Staking Support for Injective Token (INJ) and Dymension Token (DYM):
    Hex Trust now offers institutional clients access to the Injective (INJ) and Dymension (DYM) tokens, enabling secure custody and staking. Injective is a layer-one blockchain emphasizing decentralized finance (DeFi), while DYM serves as the native token for Dymension, a multi-layer blockchain protocol. With our institutional-grade custody solution and staking infrastructure, clients can confidently store their tokens and actively participate in the networks, earning rewards in the process. This offering encourages institutional investors to engage with both ecosystems and contribute to their growth.
  1. Wallet Creation (Warm and Cold via API):
    Introducing a new feature that enables users to create wallets quickly and efficiently. With our self-service functionality, authorized users can seamlessly create both warm and cold wallets using our API. This streamlined process allows users to create up to 1000 wallets with a single API call, providing convenience and flexibility.
  1. New Tokens (ERC-20):
    We are pleased to announce the addition of several new ERC-20 tokens to our platform:

These new tokens expand the range of options available to our users, offering increased opportunities for investment and diversification within the ERC-20 token ecosystem.

For more information and support regarding wallet creation, as well as the availability and management of these new tokens, please reach out to our team at support@hextrust.com . We strive to continually enhance our platform and provide reliable digital asset services for our users.

Till next time, 

Products Team

Disclaimer
This material has been prepared by the Hex Trust group (“we”, “our” or “us”). It is not directed to or construed as solicitation or advertising to any person in any jurisdiction where (by reason of that person's nationality, residence or otherwise) the publication or availability of this material is prohibited by any law. This material is not intended for any use that would be contrary to local law or regulation. Products or services mentioned in this material are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Without limiting the generality of the foregoing, we are not licensed with the Hong Kong Securities and Futures Commission to carry on business in any regulated activity under the Securities and Futures Ordinance of Hong Kong.  Accordingly, persons are required to inform themselves of and observe such laws which are in force in their jurisdictions.
Any forecasts, projections and other predictive statements are based on assumptions and expectations in light of currently available information. In addition, any forecast, projection or other predictive statement involves various risks, variables and uncertainties. Any pricing information provided is indicative only and is not intended as a recommendation or an offer or solicitation for the purchase of any digital asset, security or financial instrument, to enter into a transaction involving any digital asset, security, financial instrument or trading strategy, or as an official confirmation or valuation of any transaction mentioned in materials created or distributed by us. We make no commitment to transact at any particular price or at all, now, or in the future. These materials are informational only and do not bind us or any other entity or person in any way. No representation or warranty, express or implied, is given by any member of the Hex Trust group as to the accuracy, reliability, or completeness of the information and opinions contained herein. You should not construe the content of any material provided as accounting, financial, legal, tax or other advice, and you should consult your own attorney, financial advisor, tax advisor, accountant or other advisor as to legal, financial, tax, accounting and other matters.
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