TopValue announced that its FXRP infrastructure on the Flare network is now open to the broader public after completing a closed institutional phase that locked 8,099,291.67 XRP across three professional participants, according to Chainwire.

Institutional phase details

During the pre‑launch stage, the three participants—representing financial centers in Asia and Europe—held a combined XRP balance of just over 8.1 million. The largest position, valued at 5,306,820.33 XRP, made up roughly 65.5% of the total, while the remaining two positions held 1,426,950.09 XRP and 1,365,521.25 XRP respectively. The largest position was assembled using USDT, ETH and USDC, converted to XRP at documented market rates.

Bridge mechanics and custodial route

The on‑chain component, called MyXRPBridge, runs on Flare C‑Chain (Chain ID 14) and swaps official FXRP for a receipt token named myXRP at a fixed 1:1 ratio. When a holder redeems myXRP, the token is burned and the corresponding amount of FXRP is returned in the same transaction. Issuance is capped at 10 million FXRP, and the contract has no owner, administrator, operator key, privileged withdrawal function, or upgrade path, providing a limited attack surface. Deposits and withdrawals include re‑entrancy protection.

In parallel, TopValue offers a custodial route that supports BTC, ETH, USDT, XRP and more than 200 other assets across 25 networks, including major blockchains such as Bitcoin, Ethereum, Solana and Polygon. Principal is denominated in the original asset, while XRP credits are tracked separately and are not guaranteed.

Security reviews and regulatory status

The bridge’s code has undergone an independent technical review by Comply Security and six AI‑assisted assessments (Claude Opus, Claude Sonnet, Grok, GPT, Gemini, Composer) that examined issuance, redemption, asset admission and contract authority. The source code and deployment are publicly available on‑chain.

TopValue operates under Top Value (BVI) AM Limited, a regulated virtual‑asset service provider listed by the British Virgin Islands Financial Services Commission. The regulator authorizes activities such as exchange, safekeeping and administration of virtual assets.

What to watch next

Observers will monitor user adoption of the public bridge, the liquidity of myXRP on Flare‑based AMMs, and any regulatory feedback concerning the custodial desk’s multi‑asset support. Additionally, the performance of the broader Flare XRPFi ecosystem—liquid staking, money markets and yield trading—will influence the bridge’s long‑term relevance.