VivoPower International PLC, a company listed on the Nasdaq, announced a strategic partnership with Flare Network to invest $100 million in XRP with the aim of achieving institutional yield. This is the first major step in VivoPower's new corporate strategy focused on creating an XRP-centric treasury system. The partnership utilizes Flare's FAssets system, which allows for the integration of XRP into decentralized finance (DeFi) protocols to generate income through tools such as Firelight. The income generated will be reinvested to increase the company’s XRP assets, creating a mechanism for continuous growth. VivoPower also plans to use the Ripple RLUSD stablecoin as its primary reserve, equivalent to cash, to ensure stability and regulatory compliance.
