Flare and Doppler are expanding XRP holders’ access to FXRP vaults through Doppler’s platform, according to posts on X on October 3.
The partnership connects XRP users with Flare-based yield products through Doppler. Rox Park, Doppler’s head of institutions, described the integration as part of the company’s broader financial infrastructure for XRP.
The platform will also give users access to external investment strategies alongside Doppler’s own products. However, each strategy comes with its own risks and operating conditions.
FXRP represents XRP on Flare through its FAssets system. XRP holders can deposit their tokens and receive FXRP for use across decentralized finance applications.
Users can then deploy FXRP across vaults, lending markets and other DeFi products. Flare reported that about 145.2 million FXRP had been issued as of September 24. Additionally, roughly 130 million FXRP had entered DeFi applications.
Doppler said the partnership supports its goal of becoming a financial operating layer for tokenized assets.
The company also reported more than $150 million in deposits across its XRP and RLUSD products.
“More ways to use XRP, without having to look elsewhere,” Doppler said.
Doppler also plans to support additional networks, including Base and Coinbase Wrapped XRP, as it expands its XRP-related financial products.
