Flare and Doppler Expand XRP Access to FXRP Vaults
Flare and Doppler are expanding access to FXRP vaults for XRP holders through Doppler's platform. The integration connects XRP users with Flare-based yield products, giving them more ways to use their XRP. As part of this partnership, Doppler will work with Flare to build yield products and provide users with access to external investment strategies.
Doppler's head of institutions, Rox Park, described the integration as part of the company's broader financial infrastructure for XRP. This is the first partnership in XRPfi since Doppler expanded beyond a yield service into yield infrastructure.
The platform will allow users to deploy FXRP across vaults, lending markets, and other DeFi products. As of September 24, about 145.2 million FXRP had been issued, and roughly 130 million FXRP had entered DeFi applications.
Doppler also reported more than $150 million in deposits across its XRP and RLUSD products. The company plans to support additional networks, including Base and Coinbase Wrapped XRP, as it expands its XRP-related financial products.