Vivopower has committed $100 million to the Flare Network ecosystem with XRP to promote returns on digital asset ownership, according to a June 11 statement.
Through this move, Vivopower will leverage Frare’s on-chain protocols, including Firelight, to generate sustainable yields from XRP reserves.
The company plans to direct all its earnings to the XRP Treasury and establish a compound interest growth strategy for crypto holdings.
The $100 million deployment represents the first phase of Vivopower’s broader corporate strategy to utilize blockchain-based solutions for Institutional Asset Management. The partnership also illustrates the growing desire among institutional players to explore real-world utilities within the XRP and Flare ecosystem.
“We are pleased to announce that we are committed to providing a range of services and services to ensure that we are committed to providing services that are important to us,” said Kevin Chin, Executive Chairman and CEO of Vivopower.
“We are building a noble cycle. We generate yields and use it to systematically increase the core XRP position and create an engine that will formulate permanently for shareholder value. Adopting Ripple’s RLUSD is the basis of this strategy, providing stability and compliance.
Meanwhile, the announcement comes shortly after Vivopower’s recent $121 million private funding round. In that round, the company issued 20 million shares for $6.05 each, with the previous market exceeding $6.04.
This capital injection helps shift fuels to Vivopower’s XRP-focused financial management model.
The XRP ecosystem expands, but price action is delayed
Vivopower’s movement is during the period that accelerates the development of the XRP ecosystem.
Over the past few months, XRP Ledger (XRPL), a blockchain network of digital assets, has been a key recruiting company from major institutional players such as Guggenheim Partners for real-world asset tokenization.
Beyond that, the network is on the brink of critical technical upgrades to expand interoperability with the Ethereum ecosystem. Ripple CTO David Schwartz recently confirmed that XRPL’s much-anticipated Ethereum Virtual Machine (EVM) Sidechain is scheduled to start live on Mainnet by the 2025 quarter.
However, these advances have not yet led to strong upward price momentum as XRP has been trading primarily within range in recent months.
Data from Polymarket reflects this tempered sentiment, with bettors assigning only the 39% chance that XRP has ever had in history.
According to data from Cryptoslate, XRP was trading at $2.31 as of press time, down 40% from its record high of $3.8 in January.
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