VivoPower, Flare Partner on $100M XRP DeFi Move
VivoPower, Flare Partner on $100M XRP DeFi Move

VivoPower, Flare Partner on $100M XRP DeFi Move

News summary

VivoPower International, a Nasdaq-listed sustainable energy company, has partnered with Flare Network to deploy $100 million in XRP as part of its treasury management strategy, using Flare’s FAssets system to generate yield in DeFi protocols. This marks the first large-scale institutional use of the FAssets system and represents a shift for VivoPower toward becoming an XRP-focused digital asset enterprise. The company plans to reinvest all generated yield to expand its XRP holdings and will adopt Ripple’s RLUSD stablecoin as its primary cash-equivalent reserve. The initiative is backed by global shareholders, including Saudi Prince Abdulaziz bin Turki bin Talal Al Saud. The partnership signals institutional validation for the Flare and XRP ecosystems and reflects a broader trend of public companies integrating digital assets into their treasuries. Despite these advancements, analysts note that XRP’s market price has remained relatively stable without significant gains in recent months.

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