# What is FAssets

Developed by [Flare Labs](https://flarelabs.org/), FAssets brings verifiable economic security to BTC, XRP, and DOGE, enabling decentralized finance for these non-smart contract tokens on Flare. FAssets allows users to mint ERC-20 versions of these tokens in a trustless manner, unlocking their DeFi potential within dApps on Flare and other chains.

{% embed url="<https://youtu.be/9OqC-aIWdRI>" %}

Try FAssets on Coston(testnet): <https://fasset-beta.flarelabs.org><br>