XRP holders get new product opportunities through Flare-D’CENT partnership

Integration into D'CENT Wallet requires no new chain, wallet or gas token.

Decentralized finance (DeFi) applications network Flare has taken another step to make XRP Finance (XRPFi) accessible to XRP holders. This time, the blockchain is announcing its integration with crypto wallet provider D'CENT Wallet, which will provide direct access to institutional-grade product deposits.

According to a press release sent to CryptoPotato, the integration between Flare and D'CENT Wallet is part of a new alliance called the XRP Alliance. The consortium includes other crypto platforms including Doppler, Banksa and Squid. This collaboration is aimed at facilitating the development of XRPFi.

D'CENT Wallet integrates XRPFi

Integration into the D'CENT Wallet requires no new chain, wallet or gas token – XRP holders can access the wallets directly from their hardware wallet using two signatures on the XRP Ledger (XRPL). This flow is enabled by Flare Smart Accounts.

The vaults in question are Monarq's XRP Yield Vault (MXRPY) and yield XRP collected by on-chain regulator Clearstar. Monarch launched MXRPY last week in partnership with Flare and vault infrastructure provider Upshift. The Vault offers both on-chain and off-chain sources of profit. Users can access both vaults directly from D'CENT.

As a hardware wallet provider, D'CENT serves at least 720,000 users across the US, UK, Canada, Japan and South Korea, holding billions of XRP in storage. The latest development makes the wallet one of the first to offer a native path from XRP protection to DeFi production.

Single flow, no medium required

While Flare serves as a programmable layer for XRP in the Alliance, Flare Smart Accounts convert XRPL signatures into vaulted FXRP in a single flow. FXRP is the flare representation of XRP. When submitting from D'CENT Wallet, each XRPL transaction includes instructions encoded in the memo field, and Flare's data link transmits confirmation of that transaction to the Smart Account system.

The flow requires two XRPL signatures from the D'CENT device; The first holds a container on Flare and identifies the desired vault, while the second sends XRP to the Core Vault via XRPL. The second signature also triggers FXRP creation and automatic deposit into the selected vault. This process is completely non-protective and does not require any intermediate protection.

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“D'CENT is one of the most widely used hardware wallets in Asia, especially in Korea. Security is always a priority when XRP holders use it – and production means moving elsewhere. This integration changes that. D'CENT users can now access their XRP without moving it from their trusted device. This is what product-level XRPFi looks like,” said Flare Co-Founder Hugo Fillion.