Flare Lands Second Public Company For its XRP DeFi Framework
Flare has announced that Everything Blockchain Inc. has signed a memorandum of understanding to use its XRP finance framework for corporate treasury yield. This follows the earlier commitment from Nasdaq-listed VivoPower International, which invested $100 million in XRP. Flare's initiative aims to transform XRP, a traditionally non-yielding asset, into a productive investment through its FAssets system and Firelight restaking layer. This system allows institutions to convert XRP into FXRP, enabling its use in decentralized finance activities such as lending and liquidity protocols. According to Flare's CEO, Hugo Philion, this adoption by public companies represents a shift from XRP being seen merely as a speculative asset to being recognized as a yield-bearing instrument. Everything Blockchain's CEO, Arthur Rozenberg, emphasized that the goal is to unlock the financial utility of digital assets like XRP, ensuring compliance with the standards required for public companies.
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