The decentralized finance (DeFi) applications network Flare has taken another step in making $XRP Finance (XRPFi) accessible for $XRP holders. This time, the blockchain is announcing an integration with the crypto wallet provider, D’CENT Wallet, providing direct access to institutional-grade yield vaults.
According to a press release sent to CryptoPotato, the integration between Flare and D’CENT Wallet is part of a new coalition named the $XRP Alliance. The Alliance involves other crypto platforms, including Doppler, Banxa, and Squid. This collaboration is geared toward facilitating the development of XRPFi.
D’CENT Wallet Integrates XRPFi
The integration into D’CENT Wallet does not require any new chain, wallet, or gas token – $XRP holders can access the vaults directly from their hardware wallets using two signatures on the $XRP Ledger (XRPL). This flow is enabled by Flare Smart Accounts.
The vaults in question are the Monarq $XRP Yield Vault (MXRPY) and earnXRP curated by on-chain strategy curator Clearstar. Monarq launched MXRPY last week in partnership with Flare and vault infrastructure provider Upshift. The vault offers both on-chain and off-chain yield sources. Users can access both vaults directly from D’CENT.
As a hardware wallet provider, D’CENT serves at least 720,000 users across the U.S., UK, Canada, Japan, and South Korea, accounting for billions of $XRP in storage. The latest development makes the wallet one of the first to offer a native path from $XRP custody to DeFi yield.
Single Flow, No Intermediary Needed
As Flare serves as the programmable layer for $XRP within the Alliance, Flare Smart Accounts turn XRPL signatures into minted FXRP deposited into vaults in a single flow. FXRP is the Flare representation of $XRP. When depositing from D’CENT Wallet, each XRPL transaction includes encoded instructions in its memo field, and the Flare Data Connector relays a proof of that transaction to the Smart Account system.
The flow requires two XRPL signatures from the D’CENT device; the first reserves collateral on Flare and identifies the desired vault, while the second sends $XRP to the Core Vault on XRPL. The second signature also triggers the minting of FXRP and automatic deposit into the chosen vault. This process is fully non-custodial and requires no intermediary taking custody.
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“D’CENT is one of the most widely used hardware wallets in Asia, particularly in Korea. For $XRP holders using it, security has always come first — and yield has meant going elsewhere. This integration changes that. D’CENT users can now earn on their $XRP without moving it off the device they already trust. That’s what production-grade XRPFi looks like,” commented Flare co-founder, Hugo Philion.
