Cryptocurrency custodian Hex Trust and decentralized finance protocol Clearpool have launched Ozean, a blockchain platform prioritizing real-world asset income.
Hex Trust, based in Hong Kong, and DeFi credit protocol Clearpool announced their partnership through X.
They also announced the news in a blog entry on October 8. Ozean, a RWA yield platform, claims to be powered by the CPOOL token and supported by Optimism.
Ozean intends to utilize Clearpool’s lending experience in conjunction with Hex Trust’s institutional clients and regulated infrastructure to propel adoption in the RWA ecosystem.
Over $620 million in loans have been originated by Clearpool for companies like Flow Traders, Wintermute, and Jane Street.
Hex Trust is expected to be a major player in Ozean’s growth, holding more than $5 billion in assets under custody and serving over 270 institutional clients.
The RWA ecosystem may be accessed by a few of Hex Trust’s clients, including banks, exchanges, funds, and decentralized applications.
“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.
Ozean will also profit from the increasing use of USDX, the May-launched U.S. dollar-pegged stablecoin from Hex Trust.
In order to provide cross-chain liquidity, USDX has integrated with LayerZero and teamed with Velodrome as its main decentralized exchange.
Currently, the company offers services and goods in several nations, including Singapore, Hong Kong, Dubai, and France.
