Catenaa, Wednesday, January 14, 2026- Flare Network has introduced FXRP, a wrapped version of XRP, on Hyperliquid, enabling the platform’s first XRP spot market alongside an initial FXRP/USDC trading pair.
Until now, Hyperliquid only offered perpetual futures for XRP due to infrastructure limitations, including the lack of EVM compatibility. FXRP, issued through Flare’s FAssets system as a LayerZero Omnichain Fungible Token, provides a 1:1 representation of XRP.
The token can move across chains, trade on Hyperliquid’s orderbook, and later be redeemed back to the XRP Ledger. Flare plans to launch a dedicated FXRP bridge to enable one-click withdrawals directly to the XRP Ledger.
The listing is part of Flare’s broader XRPFi initiative, which integrates FXRP into DeFi applications including lending, staking, and other financial products.
FXRP aims to become the preferred XRP representation across DeFi ecosystems, with Flare remaining its primary home chain.
Plans include expanding FXRP to additional DeFi platforms and collaborating with builders in the Hyperliquid ecosystem to deepen integration.
Flare has also recently supported several XRP-focused DeFi products. These include earnXRP, launched with Upshift Finance and Clearstar, a yield product designed to bring XRP into decentralized finance, and Firelight Finance’s staking protocol introducing stXRP, a liquid staking token.
The FXRP launch extends these efforts by providing tradable spot exposure to XRP on Hyperliquid for the first time.
