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
XRPL Validator Sounds Alarm to XRP Users on Social Engineering Threat - U.Today
XRP Ledger validator Vet warns the XRP community after a social engineering scam drained $280 million from Solana's Drift Protocol, highlighting the need for caution and vigilance among builders in light of increasing crypto vulnerabilities.
UToday3h ago
XRP drifts higher to $1.33, but range-bound trade still dominates
XRP moved modestly higher, but the bigger story is that it still isn’t breaking out. The token is holding above $1.30 and attracting more volume, yet price remains stuck in a narrow range, suggesting traders are positioning for a bigger move without committing to one just yet.
News
CoinDesk6h ago
XRP Faces Selling Pressure While Key Support Near $1.28 Holds
Key Insights:
XRP continues forming lower highs and lows, while price remains below major moving averages, reinforcing a sustained bearish structure across timeframes.
Open interest spikes during volatility signaled speculative trading, yet declining levels now reflect reduced risk
CryptoNewsLand17h ago
XRP Long Liquidations Jump as Crypto Market Loses $285M
Key insights
XRP long traders lost $3.22 million in 24 hours, far exceeding short losses, as liquidation imbalance surged to 537% overall today.
Although XRP rose 0.37% to $1.31, traders expecting a stronger rebound toward $1.50 instead faced rapid liquidations across exchanges
CryptoNewsLand19h ago
