Hex Trust Launches Support for sBTC, the Fungible Token Standard on Stacks

Hong Kong, June 11, 2025 – Coinscribble by Coinbound / Hex Trust, a leading digital asset financial institution specializing in custody, staking, and markets services, has announced support for SIP-010

Hong Kong, June 11, 2025 – Hex Trust, a leading digital asset financial institution specializing in custody, staking, and markets services, today announced support for SIP-010, the fungible token standard on Stacks, the leading Bitcoin L2. This move allows institutional clients to securely store, manage, and deploy SIP-010 tokens — including sBTC, a leading Bitcoin-backed asset for DeFi — within Hex Trust’s institutional-grade custody.

sBTC brings programmability to Bitcoin

sBTC transforms Bitcoin into a fully programmable asset, allowing investors to:

* Earn up to 12% APY in BTC with DeFi protocols

* Easily move sBTC across various protocols

* Efficiently use sBTC in dApps and protocols

All this is achieved while maintaining the security and transparency of Bitcoin. Driven by these innovations, sBTC has rapidly emerged as the asset of choice for institutions and DeFi protocols.

Recent demand for sBTC is underscored by:

* Total value locked (TVL) in sBTC-based protocols exceeding $1 billion

* sBTC integration by leading DeFi protocols like Rixio, Atomix, and FIGMENT

Expanding institutional access across Asia

With licenses and registrations in jurisdictions such as Hong Kong, Singapore, Dubai, France, and Italy — and a global institutional client base — Hex Trust’s support for sBTC will facilitate increased adoption and exposure to the Bitcoin economy across Asia.

This development comes as global interest in Bitcoin participation surges. In fact, 59% of institutional investors plan to allocate more than 5% of their portfolios to digital assets in 2025.

“Institutional adoption is critical to unlocking Bitcoin’s full potential, and Hex Trust’s integration of sBTC provides the secure, compliant infrastructure that institutions require. We’re excited to see sBTC become the go-to asset for those seeking yield, programmability, and the security of Bitcoin,” said Kyle Ellicott, Executive Director at the Stacks Asia Foundation.

“sBTC is establishing itself as the benchmark for institutional-grade Bitcoin in DeFi. By integrating SIP-010 and adding full support for sBTC, Hex Trust is enabling our clients to securely interact with Bitcoin-based smart contracts and earn native BTC yield, all within a regulated, compliant environment. This is a significant step forward in unlocking Bitcoin’s utility for institutional investors,” added Giorgia Pellizzari, Managing Director and Head of Custody at Hex Trust.

Continuing integration with the Bitcoin ecosystem

This announcement follows April 2025 integration of STX and sBTC by Hex Trust, part of a broader strategy to expand institutional access to the Bitcoin economy through trusted infrastructure.

Looking ahead, Hex Trust will introduce support for additional Stacks DeFi via WalletConnect — further enabling institutional participation in the Bitcoin Layer 2 ecosystem.