FAssets
AuditedVerifiedTrendingFAssets is a trustless, over-collateralized bridge protocol on Flare that wraps non-smart-contract assets (XRP, BTC, DOGE) as ERC-20 FAssets on Flare for use in DeFi.
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The Problem
Major non-smart-contract chains like XRPL, Bitcoin, and Dogecoin hold massive value but cannot natively participate in DeFi. Existing wrapped versions rely on trusted custodians or federated multisigs.
The Solution
FAssets is a trustless, over-collateralized bridge: each minted FAsset is backed by stablecoin/FLR collateral held in transparent on-chain Agent vaults, with FDC payment proofs and FTSO price feeds, plus liquidators and challengers to keep Agents honest.
Why it Matters
First over-collateralized, oracle-secured bridge that uses Flare's enshrined FTSO and FDC protocols to wrap multiple non-EVM L1 native assets under one unified collateral and liquidation framework — rather than a per-asset federated custodian model.
Protocol Metrics
Related Research
View allFrequently asked questions about FAssets
What is FAssets?+
FAssets is a Bridge protocol operating on Flare, Ripple. FAssets is a trustless, over-collateralized bridge protocol on Flare that wraps non-smart-contract assets (XRP, BTC, DOGE) as ERC-20 FAssets on Flare for use in DeFi.
How does FAssets work?+
FAssets is a trustless, over-collateralized bridge: each minted FAsset is backed by stablecoin/FLR collateral held in transparent on-chain Agent vaults, with FDC payment proofs and FTSO price feeds, plus liquidators and challengers to keep Agents honest.
Is FAssets safe?+
DeFi Sentinel rates FAssets A with a safety score of 78/100, indicating low-to-moderate risk. The score reflects five risk dimensions: smart contract & technical risk, economic design & market risk, governance & centralization, sustainability & competitive position, and reputation & social trust. FAssets has 4 audits on record. DeFi Sentinel's analysis flagged 1 high, 4 medium, 3 low risk alerts across Smart Contract & Technical Risk, Economic Design & Market Risk, Governance & Centralization and Sustainability & Competitive Position. As with all DeFi protocols, residual risk remains and users should review the full risk breakdown before depositing.
What is the safety score of FAssets?+
FAssets has a DeFi Sentinel safety score of 78/100 (rating A), last updated October 13, 2026. The score is computed across smart contract & technical risk (30%), economic design & market risk (25%), governance & centralization (20%), sustainability & competitive position (15%), and reputation & social trust (10%).
Which chains does FAssets support?+
FAssets is deployed on Flare, Ripple.
Has FAssets been audited?+
Yes. FAssets has 4 audit reports on record from firms including Zellic, Zellic, Zellic. Audit reports and dates are linked under the Resources tab on this page.