Odaily Planet Daily reports that digital asset custody provider Hex Trust has announced the launch of an XRP DeFi portal for institutional clients, while maintaining asset custody control. Institutions can mint and redeem FXRP (the XRP wrapped token on the Flare network) through the Hex platform and stake the native FLR. Previously, Flare launched an FXRP lending market, allowing users to earn yields or borrow without selling XRP. FXRP offers a one-to-one mapping with XRP, enabling participation in smart contract applications without transferring the original XRP. (coindesk)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
XRP Today News: Ripple unlocks $1.37 billion worth of tokens, market reaction remains calm
Ripple plans to unlock a total of 1 billion XRP in three phases. Despite the large release, market reaction has been muted, and XRP price has only risen slightly. The unlocking is part of its supply management plan, with Ripple still holding approximately 32% of the total supply. Although XRP performed poorly in February, recent ETF capital inflows indicate that institutional interest remains. Analysts predict that XRP could experience a significant rally, with a target price between $15 and $18, and believe that the current trend resembles the false breakout pattern seen before previous bull markets.
MarketWhisper1h ago
Crypto Market Review: Strong Bullish XRP Case, $67,000 Bitcoin (BTC) Bounce Secures Recovery, Ethereum (ETH) Catches $2,000 by the Tail - U.Today
It is finally building up
Bearish for now
Bitcoin is not overreacting
Cycle is yet to begin
Ethereum is crawling back
The market is bouncing up following geopolitical instability — a traditional trait of the cryptocurrency market, which some people consider a safe haven whenever the traditiona
UToday5h ago
Ripple CEO Highlights XRP’s Solid Performance, Applauds 'Brilliant' US Court Ruling
XRP stands out as the only major cryptocurrency with court-backed U.S. regulatory clarity, fueling institutional adoption and outperforming rivals, Ripple CEO Brad Garlinghouse said as he pushes for broader crypto legislation to unlock industry growth.
Ripple CEO Highlights XRP Strength as
Coinpedia6h ago
New XRP Ledger Sidechain Proposal Aims to Bring Options Trading to XRPL - U.Today
The proposed XRPL options sidechain aims to establish a native derivatives layer for the XRP Ledger, inspired by successful models like Hyperliquid. It focuses on American-style options and margin trading while enhancing security with advanced authentication methods.
UToday6h ago
