- VivoPower taps Flare to generate yield on $100M XRP treasury
- RLUSD stablecoin added as a compliant cash-equivalent asset
- $121M raised to fuel XRP-focused treasury transformation
VivoPower International has confirmed the deployment of $100 million in XRP to Flare’s blockchain ecosystem. The Nasdaq-listed firm intends to earn yield through Flare-native protocols as it continues to expand its digital asset treasury plan. Moreover, VivoPower will include the Ripple stablecoin RLUSD into its corporate cash reserves.
The project makes VivoPower the first publicly listed company to implement a treasury framework based on XRP. The deployment will use Flare FAssets protocol to allow XRP to participate in smart contract ecosystems. The move is part of VivoPower shift to asset productivity and treasury innovation.
Yield Generation Via XRP on Flare Protocols
The firm intends to earn profits through Flare protocols like Firelight and use them to buy more XRP. The Flare infrastructure enables the firm to achieve secure interactions with decentralized finance applications. The Ripple RLUSD will be a compliant and cash-equivalent asset that streamlines liquidity in operations.
VivoPower acquired an initial tranche of $100 million XRP from BitGo’s over-the-counter trading services. This purchase is a part of the company’s wider move to raise capital and diversify its balance sheet with digital assets. The shift also indicates increased corporate appetite in alternative assets to generate yields.
VivoPower Capital Raises
VivoPower signed a $121 million private share placement agreement headed by Saudi Prince Abdulaziz bin Turki Abdulaziz Al Saud to facilitate the transition. According to a U.S. SEC filing, the company sold 20 million shares at $6.05 a share. The proceeds of the sale will be mainly used to finance the XRP-based treasury program.
VivoPower has hired Adam Traidman, an ex-SBI Ripple Asia executive, as the chairman of its board of advisors. His experience could enhance the strategic focus and execution of the crypto-oriented treasury models of the firm. The advisory board will steer the institutional partnerships and risk control.
Flare Network Powers Access to DeFi Platforms
This Flare Network integration is a step on its FAssets system, which enables non-smart contract tokens, like XRP, to get access to DeFi platforms. The integration helps institutions to manage and grow crypto assets through blockchain-native yield strategies.The collaboration further extends the institutional access and use of Flare.
VivoPower treasury strategy is an emerging trend in which public companies utilize capital raises to procure digital assets. The model popularized by Strategy and its aggressive Bitcoin accumulation is now used in other tokens such as XRP. The plan is to maximize the returns and maintain the long-term value of treasury holdings.
VivoPower plans to sustain liquidity, reduce volatility and increase shareholder value through RLUSD and Flare DeFi tools.
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