VivoPower taps Flare to deploy $100M in XRP for institutional yield, pioneering the XRPFi standard

According to a press release shared with crypto.news on June 11, global sustainable energy solutions company VivoPower International has partnered with layer-1 blockchain Flare to generate yield on its Ripple (XRP) holdings.

Global sustainable energy solutions provider VivoPower International has partnered with layer-1 blockchain Flare to generate yield on its Ripple (XRP) holdings, beginning with an initial deployment of $100 million.

The partnership was announced via a press release on June 11 and will see the Nasdaq-listed company integrate Flare’s native protocols and technology to launch this initiative.

This marks the first large-scale execution of VivoPower’s new corporate strategy to transition into an XRP-centric treasury operation. Guided by a consortium of global shareholders and advised by former senior Ripple executives in Asia, VivoPower aims to transform its digital asset holdings into a productive, yield-generating engine.

According to the release, VivoPower selected XRP as its core reserve asset due to its long-standing regulatory clarity, operational track record, and technical architecture, which is well-suited for tokenized real-world assets. These attributes make XRP the logical foundation for VivoPower’s digital treasury strategy.

The partnership will also see the company adopt Ripple’s stablecoin RLUSD as a primary cash-equivalent reserve to further enhance the treasury’s stability and regulatory compliance.

“We are excited to partner with Flare to launch this groundbreaking initiative,” said Kevin Chin, Executive Chairman and CEO of VivoPower.

“At VivoPower, we are constantly seeking new and innovative ways to generate value for our shareholders and contribute to a more sustainable future. This partnership with Flare allows us to do both by putting our existing digital assets to work in a meaningful way.

“As we integrate more of Flare’s technology into our treasury operations, we will continue to optimize our strategy and expand our activities in the Web3 ecosystem.”

The partnership with VivoPower marks a pivotal moment for Flare in validating its growing ecosystem as an institutional-grade bridge for XRP utility.

“Institutions are looking for ways to participate in the new opportunities presented by blockchain, but they need solutions that meet their specific needs for compliance, security, and asset management,” said Hugo Philion, Co-Founder of Flare.

“Our FAssets system is a direct application of that core technology. It is more than just a bridge; it’s a gateway that allows institutions to bring assets like XRP into programmable DeFi environments to generate yield, all while retaining their fundamental security.

“What VivoPower is pioneering today is an open invitation for all institutions to build on this new utility layer.”

This partnership comes amid signs of growing liquidity in the Flare network. According to DeFiLlama, the network’s total value locked has surged nearly 460% in the past two months.