The team behind Flare Network has announced an important integration that allows XRP holders to mint FXRP directly from their Xaman wallets.
Specifically, Flare integrated the XRPL-based self-custody wallet into the Flare ecosystem today. This is part of a broader effort to expand XRP’s utility into decentralized finance (DeFi).
Following the integration, users can now deposit XRP directly through Xaman and mint FXRP, the wrapped version of XRP on the Flare blockchain, seamlessly within the wallet’s interface.
Previously, users had to transfer their XRP from Xaman to an EVM wallet like MetaMask or Ledger before initiating the minting process. With this integration, the Flare team has streamlined the process, allowing users to deposit XRP and mint FXRP through the Xaman wallet.
More Integration Underway
Commenting, Flare Network’s Chief Product Officer Filip Koprivec referred to the latest integration as a small first step toward connecting Xaman to Flare.
He hinted that the team is currently working behind the scenes to enable full cross-chain ability for XRP holders, allowing them to interact freely with other blockchains through Flare.
Co-founder Hugo Philion also expressed enthusiasm about the integration. He noted that the long-term goal is to eliminate complexity and make it easier for XRP holders to interact with the Flare network.
He explained that the vision is to enable XRP holders to transact on Flare directly from the XRP Ledger, without doing so through an EVM wallet. Flare’s integration with Xaman represents a pivotal step toward achieving this goal.
Over $68M in XRP Deposited on Flare
Notably, the move comes nearly a month after Flare launched the FAsset project, granting XRP holders access to yield-bearing opportunities. At the time, the Flare team set a weekly cap of only 5 million FXRP.
However, the product saw significant interest, with XRP holders minting the available FXRP supply within hours. Amid growing demand, the team raised the minting cap to 15 million FXRP today. Of this amount, users have already minted over 8 million FXRP within three hours of the announcement.
3 hours, another 8.5 million FXRP minted.
That brings us to $66M worth of XRP now DeFi-ready on @FlareNetworks. pic.twitter.com/BJvZWEIu8q
— Flare ☀️ (@FlareNetworks) October 16, 2025
Overall, users have deposited 27.83 million XRP, worth $68.21 million, on Flare, which were used to mint FXRP. The Flare-based XRP wrapped version has a circulating supply of 28.5 million tokens.
Users who missed out on minting can obtain the FAsset on Flare’s decentralized exchanges, including SparkDEX and Enosys.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
