Firelight, a staking platform built on Flare that enables institutional-grade XRP staking, has confirmed its mainnet launch for November 2025, marking a major step toward bringing XRP liquidity into decentralized finance (DeFi).
The platform allows XRP holders to convert their tokens into stXRP, a liquid staking token (LST) that generates yield within the Flare DeFi ecosystem while preserving custody of the underlying asset. Capital staked through Firelight will be used to provide an institutional-grade on-chain risk cover solution, backed by XRP collateral.
Xaman Smart Accounts to connect XRPL with Flare DeFi
Tentatively scheduled for December 2025, Smart Accounts will enable XRPL holders to trigger transactions on Flare using encoded memo instructions, verified via the Flare Data Connector and executed through proxy smart accounts that mirror XRPL addresses.
This mechanism will allow users to interact with Flare DeFi applications, such as earning yield, accessing DeFi protocols, and managing assets, without leaving the XRPL environment.
Hugo Philion, CEO and co-founder of Flare, said:
“Having Firelight on Flare — one that can insure protocols across the space and emit a tokenized representation of that coverage — is a massive benefit to the Flare ecosystem itself. It effectively makes Flare the home for this protocol and for the representation of the value it’s covering, which is absolutely huge for Flare.”
Growth momentum across the Flare ecosystem
The announcement comes as the Flare network continues to show strong growth. Total value locked (TVL) has climbed to nearly $180 million, approaching all-time highs, with over 50 million XRP now bridged to the network.
Institutional engagement is also increasing. In October, U.S. asset manager Teucrium filed a registration statement with the SEC for a proposed FLR exchange-traded fund (ETF), which is currently under regulatory review.
Ripple’s global partnership lead also recently emphasized the importance of institutional-grade XRP yield solutions, citing Flare’s role in enabling compliant and data-driven infrastructure for institutional adoption.
Featured image via Flare.
