FAssets v1.1 Launches on Songbird, Enabling Scalable FXRP Minting and Unlocking XRP Utility

FAssets v1.1 Launches on Songbird, Enabling Scalable FXRP Minting and Unlocking XRP Utility

FAssets bring non-smart contract assets like BTC and DOGE into DeFi — starting with XRP — securely, scalably, and with full custody retained. With FAssets v1.1, agents can now deposit XRP directly into a Core Vault address on the XRP Ledger, automatically unlocking associated FLR collateral on Songbird.

To safeguard network integrity, the Core Vault includes a multi-layered security framework with time-locked escrow accounts and multi-signature authorization managed by long-term ecosystem participants. Additionally, active bug bounties are running on Immunefi, and audits have already been completed.