XRP Holders to Gain Seamless Access to DeFi on Flare With Seedless Wallet Support

XRP holders will soon be able to participate in decentralized finance (DeFi) directly on the Flare Network, as the blockchain introduces smart contract support for the token via its FAssets protocol.

Flare’s upcoming integration will allow users to wrap XRP into FXRP and deploy it across staking and liquidity applications—marking a significant step toward expanding XRP’s utility beyond payments and remittances.

Central to this rollout is Luminite, a newly launched non-custodial, seedless wallet designed to simplify DeFi access for both crypto newcomers and experienced users. Built on embedded infrastructure provided by Turnkey, Luminite eliminates the need for traditional seed phrases, opting instead for passkey-based authentication, biometrics, or email sign-ins.

“By removing complex barriers of entry, we’re enabling everyone—from first-time users to seasoned holders—to access the full potential of the Flare ecosystem,” the Luminite team said in a statement. “This is about making DeFi approachable not just for the crypto-native, but for the next wave of users discovering blockchain through real-world utility.”

The wallet also integrates fiat on-ramps like Topper, enabling users to purchase FLR and XRP directly with local currency. From there, users can access core DeFi tools such as staking, token swaps, synthetic FXRP minting, and cross-chain bridging via Stargate.

For XRP holders, the upcoming FXRP functionality is a key milestone. Once live, users will be able to wrap their tokens on-chain and deploy them across native DeFi opportunities, removing the need to bridge to other chains like Ethereum or Solana to find yield.

Whether this ecosystem becomes sticky will depend on several factors, including total value locked (TVL) growth, the strength of liquidity incentives, and whether developers build out the tooling and integrations that DeFi users now expect as standard.