Flare CEO Says Network Mints XRP Directly From Exchanges, Removing KYC Friction Other Wrapped Models Can’t Solve

05-May-2026 The Crypto Basic

Flare CEO Says Network Mints XRP Directly From Exchanges, Removing KYC Friction Other Wrapped Models Can’t Solve

Flare CEO Hugo Philion has outlined how the network can mint XRP directly from exchanges, removing the KYC and centralization barriers that have limited other wrapped-XRP models. In a recent interview with Paul Barron, Philion explained that this approach could unlock a more scalable and accessible DeFi ecosystem for XRP holders.

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Also read: RippleX Engineering Head Says XRP Ledger Must Be Quantum Ready Before 2030
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