Flow

Jane

DeFi

Clearpool

Polygon

Crypto custodian Hex Trust has teamed up with decentralized finance protocol Clearpool to launch Ozean, a blockchain platform focused on real-world asset yield.
Hong Kong-based Hex Trust and <a rel="noopener noreferrer nofollow" href="https://crypto.news/tag/defi/">DeFi</a> credit protocol Clearpool <a href="https://x.com/ClearpoolFin/status/1843653143831425246" target="_blank" rel="noopener noreferrer nofollow">announced</a> the collaboration via X. They also shared the news in a <a href="https://clearpool.medium.com/hex-trust-joins-forces-with-clearpool-to-launch-ozean-the-blockchain-for-rwa-yield-70115ccf01c5" target="_blank" rel="noopener noreferrer nofollow">blog post</a> published on Oct. 8.
According to the two platforms, the RWA yield platform Ozean is backed by Optimism (<a rel="noopener noreferrer nofollow" href="https://crypto.news/price/optimism/">OP</a>) and powered by the CPOOL token.
Read more: <a rel="noopener noreferrer nofollow" href="https://crypto.news/debridge-introduces-hooks-for-real-time-data-transfer-across-defi/"> DeBridge introduces Hooks for real-time data transfer across DeFi </a>
<h2 class="wp-block-heading" id="ozean-set-for-traction-in-rwa-space">Ozean set for traction in RWA space</h2>
Ozean will leverage Hex Trust’s regulated infrastructure and institutional clients, alongside Clearpool’s expertise in lending, to drive adoption in the RWA space. Clearpool has originated more than $620 million in loans, with clients including Jane Street, Flow Traders, and Wintermute.
With over 270 institutional clients and more than $5 billion in assets under custody, Hex Trust is set to play a key role in Ozean’s expansion. Some of Hex Trust’s clients, including banks, exchanges, funds, and decentralized applications, could tap into the RWA ecosystem.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “Hex Trust will bring its vast and growing client base, along with our cutting-edge technology infrastructure, to take Ozean to the next level to unlock this trillion-dollar market opportunity,” said Hex Trust’s chief executive office and co-founder, Alessio Quaglini.
</blockquote>
Ozean will also benefit from the growing adoption of Hex Trust’s U.S. dollar-pegged stablecoin, USDX, which launched in May. USDX recently partnered with Velodrome as its primary decentralized exchange and integrated with LayerZero for cross-chain liquidity.
Currently, the firm’s services and products span several countries, including <a rel="noopener noreferrer nofollow" href="https://crypto.news/crypto-custodian-hex-trust-granted-a-license-to-offer-services-in-singapore/">Singapore</a>, Hong Kong, <a rel="noopener noreferrer nofollow" href="https://crypto.news/hex-trust-bags-in-full-dubai-operating-license/">Dubai</a>, and France.
You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/xalts-launches-new-rwa-tokenization-platform-on-the-polygon-network/"> Xalts launches new RWA tokenization platform on the Polygon Network </a>

Hex Trust teams up with Clearpool to launch Ozean

Table of Contents

crypto.news

Other articles published on Oct 8, 2024

About $rabbi Main Trading Pair

Dogecoin Users Observe Increased Network Activity

Spectacular Rebound Of The S&P 500! The Stock Market Reacts To The Drop In Oil

Could China’s Influence Push Bitcoin to $77K As Exchange Inflows Hit Record Low?

New crypto to eye after ADA, SOL slowdown: 800% gains expected in Q4

Binance Unveils Surprise Altcoin for Latest Launchpool Project!

Join our free newsletter for daily crypto updates!