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
GraniteShares Launches 3x Leveraged XRP ETF on April 23
GraniteShares plans to launch 3x leveraged XRP ETFs on April 23, 2026, offering investors exposure to XRP without direct ownership. The products will amplify daily price movements, enabling both long and short positions. This introduction aims to increase trading volume and market participation, building on existing demand for leveraged crypto derivatives. Market dynamics will be closely monitored post-launch.
CryptoFrontier4m ago
Crypto Expert Claims Altseason Peak Is Just Starting, XRP Could Lead With Explosive Gains
Crypto expert claims altseason peak is just starting.
The price of XRP could lead with explosive gains soon.
Several altcoin assets are showing steady bullish signals.
The crypto market has seen very slow growth in altcoin prices this bull cycle. While the price of Bitcoin (BTC), the
CryptoNewsLand15m ago
Ripple Altcoin Gains Attention as XRP Supertrend Indicator Flips Bullish for First Time Since January
Ripple altcoin gains attention as XRP supertrend indicator flips bullish.
This is the first time it did so since January 2026.
Can the price of XRP surge and hit new ATH prices this year?
Even after all the excitement of a bull market and the disappointment of the bear market, some
CryptoNewsLand1h ago
Solana Now Supports WXRP, Enabling XRP Holders to Access Solana DeFi
Solana introduced WXRP, a bridged token equal to XRP, on April 18. Issued by Hex Trust and supported by LayerZero, WXRP allows XRP holders to engage in Solana's DeFi ecosystem while retaining their original assets. It is backed 1:1 by XRP and can be redeemed anytime.
GateNews4h ago
XRP ETFs Hit $1.5B Inflows After SEC Clarity Unlocks Demand
XRP ETFs attracted $1.5B in inflows without early outflows, driven by strong institutional demand following SEC clarity. New regulations sped up approvals, leading to increased institutional holdings as network activity and XRP adoption rose significantly.
CryptoFrontNews12h ago
XRP Price Clears $1.40 While Broader Downtrend Persists
XRP's recent rise above $1.40 indicates a shift in market behavior after a consolidation phase. While momentum indicators show improvement, the broader bearish trend persists, limiting upside potential. Sustained support is crucial for extending its recovery.
CryptoNewsLand15h ago
