How Hex Trust is Bringing Multi-Chain Utility to the XRP Ledger

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4.7 • 698 Ratings

🗓️ 19 February 2026

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Hex Trust CPO Giorgia Pellizzari explores Bitcoin’s evolution into a yield-bearing asset, the strategic launch of wrapped XRP, and the path to scaling RWA tokenization. Giorgia Pellizzari, Chief Product Officer at Hex Trust joined CoinDesk Live at Consensus Hong Kong to provide a deep dive into the institutional shifts defining the digital asset landscape. Looking back at 2025 as the "Year of bitcoin," she explains how the launch of new primitives like the Babylon protocol transformed bitcoin from a "lazy asset" into a productive, yield-bearing instrument for institutions. The conversation highlights Hex Trust's issuance of wrapped XRP (wXRP). Pellizzari details how this regulated 1:1 backed asset is bridging the gap between the XRP Ledger and high-velocity DeFi ecosystems like Solana, Ethereum, and Optimism. Pellizzari also offers a look at the future of Real-World Asset (RWA) tokenization, citing the DTCC’s move to tokenize hundreds of billions of dollars as a massive structural catalyst. She argues that while infrastructure is ready, the missing piece remains secondary market liquidity and regulatory comfort. - This episode was hosted live by Jennifer Sanasie and Will Foxley at Consensus Hong Kong 2026, presented by Hex Trust.

Transcript

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0:00.0	Welcome back to CoinDisc Live.
0:09.0	Our next guest joins from Hex Trust, which offers fully regulated institutional digital
0:13.5	asset market services, custody, and staking to builders, investors, and service providers.
0:17.9	Please welcome Chief Product Officer and Head of Custody, Georgia, Pelizari, Georgia.
0:22.6	Pleasure to have you on the show.
0:23.6	Thanks for having me.
0:24.6	Yeah, of course.
0:25.6	Okay, we've been talking a lot about institutional adoption today.
0:28.6	We've been looking forward, hearing some predictions about 2026.
0:32.6	But let's look backwards first before we go forward.
0:35.6	Talk to us about the biggest catalyst from your perspective in 2025 when I came to institutional
0:40.3	adoption.
0:41.3	Yeah, absolutely.
0:42.3	I think 2025 was definitely the year of Bitcoin.
0:44.3	So let's see with that.
0:46.3	So in 2025, we've seen new primitives being launched, namely, I think the most famous was
0:51.3	Babylon Protocol that actually was the first one that natively, in a primitive way, offered yield on BTC.
0:58.0	That really kicked off a really interesting catalyst for institutions because obviously what, typically Bitcoin is a very lazy asset.
1:08.0	It just sits up, doesn't do anything. And suddenly new ways of actually making
1:12.1	useful and usable have come into play. Now obviously that also came with some question mark
1:18.2	around the yield. Is it? Is it actually something interesting for institutions? And so that
1:24.6	was that I would say definitely the initial one. Then we've had a lot of prep work, in my view, towards what we're going to be seen.
	...

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