FAssets
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Protocol TVL
About FAssets
FAssets is a trustless, over-collateralized bridge protocol on Flare that lets users mint wrapped versions of non-smart contract assets (e.g. XRP, BTC, DOGE) to use in DeFi, backed by on-chain collateral and Flare’s data oracles
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
How FAssets's TVL is measured
DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.
Value of USDT0 and WFLR held in Agent's vaults and pools together with XRP tokens locked on XRPL either in core vault or in the escrows.
If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.
FAssets Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- Sep 25, 2025Listed on DeFiLlama
Protocol Profile
FAssets is a Bridge protocol that moves assets and messages between blockchains, locking value on the source chain and minting or releasing a representation on the destination. It is deployed across 2 chains, including Ripple, Flare. No public audit reports are listed on DeFiLlama for this protocol.
TVL Distribution by Chain
TVL spans 2 chains across the deployment. See the breakdown below for per-chain values.
Supported Chains
Protocol Footprint
FAssets operates on 2 networks (Ripple, Flare), keeping its surface area narrower than chain-agnostic peers. Its TVL is heavily concentrated on Ripple, which holds 92% of all assets — other deployments are comparatively small. No public audit reports are linked from DeFiLlama for this protocol despite a non-trivial TVL — treat any deposit as carrying material smart-contract risk.
Official Resources & Links
Verified external resources for FAssets — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other Bridge protocols on Mantapex
FAssets is one of 7 Bridge protocols Mantapex tracks in this category. Direct peers ranked by total value locked include WBTC, Coinbase Bridge, Binance Bitcoin, and 3 more. These peer protocols collectively secure $30.4B in deposits, giving you a frame of reference for whether FAssets's own TVL is at the top, middle, or tail of the category.
Recent FAssets news
Latest reporting from major crypto news outlets covering FAssets.
- Finbold
FAssets Open Beta adds Bitcoin support
Flare Labs, a decentralization software platform, has announced that users can now bridge Test Bitcoin (TestBTC) to the Flare Coston network, according to the most recent updates…
- Blockworks
Flare Network launches FAssets with FXRP to bring XRP into DeFi
Flare Network launches FAssets with FXRP to bring XRP into DeFi
- Tokenpost
Flare Launches FAssets v1.1 on Songbird, Unlocking Scalable FXRP Utility
Flare Network has officially launched FAssets v1.1 on the Songbird testnet, marking a key upgrade to support scalable and capital-efficient use of FXRP in decentralized finance…
- The Currency Analytics
Flare Network Unveils FAssets: A Game-Changer for XRP and Bitcoin Adoption
In a landmark move set to redefine the landscape of digital currencies, Flare Network has unveiled the FAssets protocol, a groundbreaking initiative poised to revolutionize the…
- Cryptopolitan
Flare Network's FAssets to transform XRP and BTC usability
Flare Labs, the innovative team behind the Flare Network, is revolutionizing cryptocurrency with its latest project, the FAssets protocol. This ambitious initiative aims to bring…
- Coingape
Flare Network Unveils FAssets, Eyeing $800B Crypto Market Boost
The Flare Network has announced the launch of its FAssets system, a platform designed to integrate non-smart contract digital assets like XRP, Bitcoin, and Dogecoin into the realm…
- UToday
Flare Labs Commences FAssets Testing on Coston
With the new development, a number of blockchains that do not support smart contracts natively can get their first programmable assets. Flare Labs released the test version of…
- Invezz
Flare Labs starts FAssets testing on Coston Network
Blockchain research and development firm, Flare Labs, has reached a pivotal moment in the integration of non-smart contract tokens into the decentralized finance (DeFi) landscape.
Related protocols
Other DeFi protocols connected to FAssets by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other Bridge protocols
Top protocols on Ripple
Fork lineage & related versions
Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
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