VivoPower, a company listed on NASDAQ (VVPR), has announced a partnership with Flare to use $100 million worth of XRP to generate yield on its treasury holdings. This is a part of the firm’s new plan to focus on XRP for their financial strategy.
Using Flare’s FAssets system, VivoPower can now use XRP in decentralized finance (DeFi) to earn profits through a tool called Firelight and then put those profits back into buying more XRP.
This is the first time a big company has used XRP this way in DeFi, making it a significant step. The firm will also hold Ripple’s RLUSD stablecoin to ensure stability and regulatory compliance in its digital treasury. CEO Kevin Chin stated the collaboration transforms XRP into a “compounding engine” for shareholders, maximizing treasury productivity.
Flare co-founder Hugo Philion described FAssets as a secure bridge for institutions to tap DeFi, amplifying XRP’s utility beyond the XRP Ledger (XRPL), which has reliably processed over 3.3 billion transactions since 2012. It is supported by Saudi Prince Abdulaziz bin Turki bin Talal Al Saud. The prince has led a $121 million funding round. Further, it is guided by former Ripple Asia leadership. The firm’s move shows a strong institutional confidence in XRP and Flare.
It also highlights that the firm strongly believes in XRP and Flare’s potential. Their partnership follows the XRPFi standard, which aims to make steady profits, follows clear rules, and keeps investments safe for big companies. Flare’s system got a boost with $90 million in new funds from a stablecoin called USDT0, making it a key platform for using XRP in decentralized finance (DeFi).
VivoPower’s approach could encourage other big companies to use XRP for things like digital assets and international payments. By leading the way in managing crypto for its treasury, VivoPower is showing other public companies how to use blockchain in their financial strategies, supported by global investors and XRP experts.
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