Hex Trust teams up with Clearpool to launch Ozean

Crypto custodian Hex Trust has teamed up with decentralized finance protocol Clearpool to launch Ozean, a blockchain platform focused on real-world return on assets.

Hong Kong-based Hex Trust and DeFi lending protocol Clearpool announced their collaboration through X. They also shared this news in a blog post published on October 8.

According to the two platforms, RWA yield platform Ozean is powered by Optimism (OP) and is backed by CPOOL token.

Ozean ready for traction in RWA space

Ozean will leverage Clearpool’s lending expertise, as well as Hex Trust’s regulated infrastructure and institutional clients, to drive adoption in the RWA space. Clearpool has provided more than $620 million in loans to 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 poised to play a key role in Ozean’s growth. Some of Hex Trust’s customers, including banks, exchanges, funds, and decentralized applications, can benefit from the RWA ecosystem.

“Hex Trust will bring our state-of-the-art technology infrastructure along with its large and growing customer base to take Ozean to the next level to unlock this trillion-dollar market opportunity,” said Alessio, CEO and co-founder of Hex Trust. Quaglini.

Ozean will also benefit from the growing adoption of Hex Trust’s US 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 cover many countries, including Singapore, Hong Kong, Dubai and France.