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Flare upgrades FAssets to simplify minting FXRP on XRP Ledger with enhanced security features.

Protocol Fundamentals
21 May 2026
Blockonomi
View Source
Bullish
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Flare CEO Hugo Philion announced the FAssets v1.3 upgrade, which simplifies minting FXRP tokens on the XRP Ledger by enabling a single transaction mint-to-tag process. This update removes the need for direct exchange integrations and uses native XRP Ledger features like destination tags. The system includes safeguards such as minting caps, escrow protections, and emergency custody to reduce risks. Flare envisions the XRP Ledger as the issuance and settlement layer, while Flare provides the programmable compute layer for DeFi, also working on confidential compute tools for institutional blockchain applications.

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