Flare to Enable DeFi Access for XRP Holders—No Seed Phrase Required

XRP Holders Set to Access DeFi on Flare with New Seedless Wallet and FXRP Integration

XRP holders will soon be able to participate in decentralized finance (DeFi) on the Flare Network, as support for FXRP — a wrapped version of XRP — is set to go live through the FAssets protocol.

The upgrade will allow users to wrap their XRP into FXRP and deploy it across a growing suite of staking, liquidity, and yield products native to Flare — eliminating the need to bridge assets to other chains.

Leading this initiative is Luminite, a newly launched non-custodial, seedless wallet designed to simplify DeFi access. Built on embedded wallet technology from Turnkey, Luminite removes traditional barriers like seed phrases and replaces them with passkeys, biometrics, or email sign-ins.

“Our mission is to make DeFi more approachable — not just for crypto-native users, but also for the next generation of users entering the space through practical use cases,” the Luminite team said in a statement.

Through Luminite, users can onboard easily using fiat on-ramps like Topper, buy FLR and XRP, and access Flare-native protocols for staking, token swaps, synthetic asset minting (FXRP), and cross-chain bridging via Stargate.

The ability to wrap XRP into FXRP is expected to be available in the coming months. This integration gives XRP holders a native way to earn yield and engage in DeFi on Flare — potentially reducing reliance on other ecosystems like Ethereum and Solana.

Still, for this strategy to gain traction, the ecosystem will need to show growth in TVL, attract developer activity, and maintain competitive incentives to retain users over time.

The Flare team also highlighted broader momentum across the network, including increased protocol activity, proposals for scaling, and DeFi innovation — all of which may help XRP gain new relevance in the on-chain financial landscape.