Sentora and Firelight Protocol are partnering to integrate capital-backed protection into Sentora’s institutional DeFi vault ecosystem. The collaboration aims to support greater institutional engagement within Sentora’s platform, which manages billions in capital.
Sentora will now use Firelight as its cover protocol for public and private vaults. This provides protection against smart contract risks, oracle failures, and bad debt scenarios. Sentora CEO Anthony DeMartino stated that institutional allocators require an onchain cover primitive for broader DeFi adoption. He emphasized the need for a direct, capital-backed protection layer embedded in capital deployment flows.
Firelight, built on Flare Network, utilizes FXRP as collateral. Stakers lock XRP-equivalent tokens to back an insurance pool that covers vault failures. The protocol has seen significant growth, with over 155 million FXRP tokens circulating.
Hugo Philion, co-founder of Flare, highlighted the partnership as an advancement for institutional-grade infrastructure using XRP. He noted it demonstrates how DeFi at scale can be supported by robust collateral and integrated protection mechanisms.
Sentora has managed over $3 billion in DeFi deployments and integrates with platforms like Kraken and Fireblocks. The company previously raised $25 million in a Series A funding round.