Flare Network has announced two major developments that expand the XRP decentralized finance (XRPFi) landscape: a direct integration with hardware wallet provider D’CENT, giving XRP holders access to institutional-grade yield vaults, and a parallel trial of confidential cross-chain transactions through the Encrypted Finance privacy layer.
The D’CENT integration, part of the newly formed XRP Alliance that also includes Doppler, Banxa, and Squid, allows users to deposit XRP into yield vaults without leaving their hardware wallets. Using Flare Smart Accounts, the flow requires only two XRP Ledger (XRPL) signatures from the D’CENT device. The first signature reserves collateral on Flare and selects the desired vault; the second sends XRP to the Core Vault on XRPL and triggers minting of FXRP — Flare’s representation of XRP — which is automatically deposited into the chosen vault. This process is fully non-custodial and requires no gas token. The two vaults available are the Monarq XRP Yield Vault (MXRPY), launched last week in partnership with Upshift, and earnXRP, curated by on-chain strategy curator Clearstar. D’CENT serves over 720,000 users across the U.S., UK, Canada, Japan, and South Korea, safeguarding billions of dollars in XRP. “D’CENT is one of the most widely used hardware wallets in Asia. For XRP holders using it, security has always come first — and yield has meant going elsewhere. This integration changes that,” said Flare co-founder Hugo Philion.
In a separate but complementary move, Flare is testing private cross-chain transactions through Encrypted Finance. The privacy stack can now execute up to 48 private functions directly on the protocol, including minting, swapping, dark pools, and sealed-bid auctions. Built on Flare Confidential Compute, the Time Series Oracle for decentralized pricing, and the Flare Data Connector for cross-chain verification, the stack aims to bring financial privacy to public ledgers. The Data Connector securely verifies cryptographic proofs between XRPL and Bitcoin transactions without exposing user metrics. Beyond simple transfers, use cases cover lending, borrowing, staking, governance, treasury management, cross-chain transfers, and limit orders. Encrypted Finance argues that early blockchain architecture prioritized public settlement at the expense of confidentiality for users and corporate participants.
These initiatives come as Flare solidifies its role as a smart contract and DeFi extension for XRP. Since the launch of FXRP, more than 155 million tokens have been minted, with the majority deployed across DeFi protocols. XRP traded around $1.41 at the start of the week, having briefly neared $1.55 after the Senate Banking Committee advanced the CLARITY Act on May 14 before encountering strong selling pressure.
