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Flare CEO says XRP set for institutional leap with confidential compute and DeFi expansion
May 22, 2026
< 1 min read
by Nellius Irene
for CryptoPolitan
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Flare CEO Hugo Philion said the protocol will launch a privacy system called Confidential Compute in Q3 2026 to allow institutions to trade and lend using XRP-backed assets without publicly exposing their activity. The privacy-focused DeFi infrastructure targets institutional adoption and improved security for crypto trading and lending, which could strengthen Flare's market position and broader crypto adoption.
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Hugo Philion, co-founder and CEO of Flare, wants to create a system that allows institutions to trade and lend using XRP-backed assets without exposing their activity to the public. The new system, called Confidential Compute, will launch in Q3 2026. Philion spoke in an interview with crypto YouTuber Crypto Sensei on YouTube, saying Flare is...
