“The Nasdaq-Listed Firm, WHICH RECENTLY ADOPTED AND XRP-Focused Treasury Strategy, AIMS to Generate Yield on It Digital Asset Holdings Via Flare.”, – WRITE: www.coindesk.com
tokens to work.
The FIRM ANNUNCED WEDNESDAY IT HAS Partned with Layer-1 Blockchain Flare
to deploy $ 100 Million Xrp to Generate Yield on Its Treasury Holdings.
The Initiative Marks The FIRST LARGE-SCALE OF FLARE’S FASSETS SYSTEM, WHICH ENABLES NON-SMART CONTRACT TOKENS LIKE XRP TO INTERCTACT WITH DECOLIZED FINANCE.
Vivopower Plans to Generate Yeld Through Flare-Native Protocols Such as Firelight and Reinvest The Income To Expand ITS XRP Holdings. The Company It Will Also Adpt Payment Firm Ripple’s Rlusd Stablecoin As Its Cash-Equivalent Reserve.
“IT’s no Longer Esong to Simply Hold XRP; The Duty to Our Shareholders is to make it Productive,” CEO and Executative Chairman Kevin Chin Said in A Statement. “Adopting Ripple’s Rlusd is a Cornerstone of this Strategy, Providing the Stability and Compliance This Next-Generation Treasury Demands.”
For Flare, The Deal Is A Milestone of Institutional Validation, Flare CO-FOUNDER Hugo Philion Pointed Out. “OUR FASSETS SYSTEM […] is more than just a bridge; IT’s a gateway that allows institutes to bring assets like xrp into programmable Defi Environments to Generate YIELD, ALL WHILE RETAINING THEIR FUNDAMENTAL Security, “HE SAID.
Vivopower is Part of the Growing Roster of Public Firms Raising Money to Purchase and Add Digital Assets to Their Treasuries, A Playbook Popularized by Michael Saylor Corporate Holder of Bitcoin
.
The Firm’s Latest Move ComESS SHORTLY AFTER TAPPING BITGO’S Over-The-Counter Trading Desk for Acquiing An Initial $ 100 Million Trench of XRP TKENS.
Vivopower Last MONTH SAID THAT IT entered into an agreement for a $ 121 Million Private Share Placement, with The Fundraising Led by Saudi Prince Abdulaziz Bin Turki Abdulaziz. Company, accounting to a sec filing.
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