Crypto custodian Hex Trust has joined forces with decentralized finance platform Clearpool to introduce Ozean, a blockchain initiative aimed at generating yield from real-world assets.
Based in Hong Kong, Hex Trust and the DeFi lending protocol Clearpool revealed their partnership through a post on X. They also disseminated details in a blog post published on October 8.
The two organizations state that the Ozean platform for RWA yield will be supported by Optimism (OP) and utilize the CPOOL token.
Ozean poised for growth in the RWA sector
Ozean intends to harness Hex Trust’s regulated infrastructure and its institutional clientele, in conjunction with Clearpool’s lending expertise, to promote its adoption within the RWA space. Clearpool has successfully originated over $620 million in loans, serving clients such as Jane Street, Flow Traders, and Wintermute.
With more than 270 institutional clients and over $5 billion in assets under custody, Hex Trust is well-positioned to facilitate Ozean’s growth. Many of Hex Trust’s clients, which include banks, exchanges, funds, and decentralized applications, have the potential to engage with the RWA ecosystem.
“Hex Trust will leverage its extensive and expanding client base, along with our advanced technological infrastructure, to elevate Ozean and tap into this trillion-dollar market opportunity,” stated Alessio Quaglini, Hex Trust’s CEO and co-founder.
Additionally, Ozean will gain from the increasing adoption of Hex Trust’s U.S. dollar-pegged stablecoin, USDX, which was launched in May. Recently, USDX established a partnership with Velodrome as its primary decentralized exchange and integrated with LayerZero for cross-chain liquidity.
Currently, the company’s offerings are available in various countries, including Singapore, Hong Kong, Dubai, and France.
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