Nasdaq Company VivoPower Turns $100 Million $XRP Assets into Income with DeFi
VivoPower International (VVPW), a US-based company listed on the Nasdaq exchange, has officially announced that it will invest its $100 million #XRP assets through DeFi protocols. As an important part of the rapidly rising trend in digital asset management, VivoPower is opening the doors to a new era in the blockchain and crypto world.
VivoPower plans to activate XRP assets on DeFi platforms through Flare's FAssets system through its partnership with the Flare (FLR) blockchain network. Thus, the company aims to grow its XRP portfolio by reinvesting these incomes while generating passive income from its digital assets.
VivoPower, which aims to create sustainable income using protocols such as Firelight operating on the Flare network, announced that it has also accepted Ripple's payment-focused stablecoin RLUSD as a cash equivalent reserve. This strategy stands out as one of the cornerstones of the next-generation digital treasury management approach.
“It’s no longer enough to just hold XRP. Our responsibility to our shareholders is to make these assets productive and income-generating. Adopting Ripple’s RLUSD stablecoin is a critical part of this strategy,” said VivoPower CEO Kevin Chin.
Flare co-founder Hugo Philion also viewed the partnership with VivoPower as an important endorsement for institutional investment. “Our FAssets system is a secure and innovative bridge that enables assets without smart contract support, such as XRP, to generate income in the DeFi ecosystem,” Philion said.
The move was a signal of a new strategy trend centered on XRP, in line with Michael Saylor-led MicroStrategy’s Bitcoin-focused digital treasury model. VivoPower continues to strengthen its digital asset portfolio after purchasing $100 million in XRP through BitGo’s OTC desk.
VivoPower, which strengthened its financial infrastructure with a $121 million private equity investment led by Saudi Prince Abdulaziz bin Turki Abdulaziz Al Saud last month, continues its determination to expand its digital asset treasury.
The company aims to implement a sustainable and high-yield digital treasury management strategy in the long term by actively evaluating XRP assets in DeFi protocols with the Flare infrastructure.
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