Launched on mainnet on September 24, 2025. Functions as an ERC-20 token on Flare, deployable across DEXs, lending markets, and yield vaults while remaining redeemable 1:1 for native XRP.
FAssets
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FXRP
The first live FAsset on Flare, backed 1:1 by native XRP on the XRP Ledger.
Related terms
- AgentIndependent participants posting collateral and facilitating source asset custody and redemption.
- Core VaultA shared multi-sig vault on source chains preventing single-agent custody risk.
- FAssetsDecentralized, trustless framework bridging non-smart contract assets onto Flare as ERC-20 tokens.
- LiquidationAutomated protocol mechanism restoring solvency when an agent's collateral falls below safety thresholds.
- ChallengerWatchdogs who detect and submit proof of unauthorized agent transactions to trigger liquidation.