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.

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This episode was hosted live by Jennifer Sanasie and Will Foxley at Consensus Hong Kong 2026, presented by Hex Trust.