Vivopower International (VVPW), the company that quotes in Nasdaq that makes the transition to a work of digital assets, has plans to put $ 100 million in XRP of XRP
Tokens to work.
The firm announced Wednesday that it has been associated with Layer-1 Blockchain Flare
to display $ 100 million XRP to generate performance in your treasure holdings.
The initiative marks the first large -scale use of the FLARE FASSETS system, which allows non -intelligent contract tokens such as XRP to interact with decentralized finance protocols (DEFI), according to the press release.
Vivopower plans to generate performance through native flash protocols, such as FireLight and reinvest income to expand their XRP holdings. The company said it will also adopt Rlusd Stablcoin of the Ripple Payment firm as its cash equivalent.
“It is no longer enough to simply have XRP; the duty for our shareholders is to make it productive,” said CEO and executive president Kevin Chin in a statement. “Adopting Ripple Rlusd is a cornerstone of this strategy, which provides the stability and fulfillment of next -generation treasure demands.”
For Flare, the agreement is an institutional validation milestone, said Flare Hugo Philion co -founder. “Our Fassets system […] It is more than a simple bridge; It is a gateway that allows institutions to carry assets such as XRP to defenders to generate performance, all while retaining their fundamental security, “he said.
Vivopower is part of the growing list of public companies that collect money to buy and add digital assets to their treasure bonds, a playing book popularized by Michael Saylor’s strategy (Mstr) that has become Bitcoin’s largest corporate headline.
.
The last movement of the firm occurs shortly after touching the commercial sales desk for Bitgo to acquire an initial tall of $ 100 million tokens XRP.
Vivopower last month said he signed an agreement for a placement of private shares of $ 121 million, with the collection of funds led by the Saudi prince Abdulaziz Bin Turki Abdulaziz al Saud, president of the eleventh company Tenderora, according to a presentation in the SEC.
