Flare launches FAssets on mainnet with FXRP

What happened

Flare launched FAssets on mainnet with FXRP v1.2, allowing XRP to be represented and used across Flare DeFi.

What changed

The FAssets design moved from development into live operation for one supported underlying asset, FXRP.

What did not change

The notice did not establish that FBTC, DOGE, LTC, or a diversified set of FAssets was live, and launch did not establish suitability or approval.

Confirmed

• FAssets went live on Flare mainnet on September 24, 2025.
• The initial live FAsset was FXRP v1.2.
• The official notice described minting FXRP from XRP for use in Flare DeFi.

Still open

• The launch notice did not by itself reconcile all agent, collateral, Core Vault, pause, multisig, redemption, and liquidation controls.
• The production status of FAssets other than FXRP remained unconfirmed.

What it means for an advisor

• Create or update the fassets diligence file and scope it honestly to the live FXRP product.
• Review the agent collateral model, Data Connector verification, Core Vault custody, pause authority, and stressed redemption path.
• Do not infer that the broader FAssets name represents multiple live underlying assets.