Retail XRP Holders Will Soon Be Able to Tap DeFi on Flare, No Seed Phrase Needed

Luminite, a non-custodial, seedless wallet designed to make decentralized finance (DeFi) accessible to XRP (XRP) holders, launched on the Flare Network as part of a broader push to give smart contract functionality to assets that historically lacked it.

“By removing complex barriers of entry, we’re enabling anyone - from first-time users to seasoned crypto holders - to access the full power of the Flare ecosystem,” the Luminite team said in a statement.

“This is about making DeFi approachable, not just for the crypto-native, but for the next wave of users discovering blockchain through real utility,” the team said.

Built with Turnkey’s embedded infrastructure, Luminite skips seed phrases in favor of passkeys, biometrics or email sign-ins.

Users can acquire FLR and XRP via integrated fiat on-ramps like Topper, then engage directly with DeFi protocols on Flare, including services like staking, swaps, minting synthetic FXRP, and bridging assets via Stargate.

For XRP holders, it means that within the next few months it will be possible to wrap the token into FXRP via Flare’s FAssets protocol and deployed across staking and liquidity products. Once the feature is released, will give the token holders a reason to remain within the Flare ecosystem instead of bridging elsewhere.

Whether this becomes sticky will depend on what comes next: sustained TVL growth, liquidity incentives, and whether developers start building tools that integrate XRP in ways that Ethereum and Solana users already expect.

Read more: XRP Gets Another DeFi Boost Through Flare’s FAssets and FXRP, Messari Says

CORRECT (Aug. 5, 15:33 UTC): Company corrects the availability of XRP wrapping to "in the coming months." An earlier version of the story said it was already available.