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Cryptocurrency News Articles
XRPL to launch EVM-compatible sidechain in Q2 2025
Jun 11, 2025 at 10:11 pm
The XRP ecosystem is undergoing a period of rapid development, marked by key advancements aimed at enhancing its smart contract capabilities
Key developments are underway in the XRP ecosystem, focused on advancing smart contract capabilities, institutional engagement, and the tokenization of real-world assets.
* XRPL’s EVM sidechain set for Q2 2025 launch: After months of testing, the Ethereum Virtual Machine (EVM) sidechain for the XRP Ledger (XRPL) will officially launch in the second quarter of 2025. Developed in partnership with Peersyst Technologies, the sidechain will allow decentralized applications (dApps) and smart contracts to run on XRPL.
The integration, powered by evmOS and with Axelar serving as the exclusive bridge, will bring the XRPL closer to the broader decentralized finance (DeFi) ecosystem. Peersyst reported that over 87 new entities, previously unaffiliated with XRP, have joined the testnet ecosystem—marking what could become one of the largest onboarding events in XRPL history. The sidechain aims to provide users with new opportunities for yield generation through DeFi protocols and decentralized applications.
* Ondo Finance brings tokenized treasuries to the XRP Ledger: Institutional investors can now mint and redeem Ondo’s flagship tokenized U.S. Treasury product—Ondo Short-Term U.S. Government Treasuries (OUSG)—on the XRP Ledger. The offering, launched with an initial supply of $30 million and support from Ripple for liquidity, will be available around the clock using Ripple’s RLUSD stablecoin.
The product, designed for cash management, DeFi collateral, and trading purposes, is part of a broader trend in tokenized treasuries, which have seen their total market value rise to over $7 billion in the past year.
The integration builds on Ripple’s broader strategy for positioning XRPL as a central platform for tokenized assets. In addition to plans for issuing digital commercial paper and tokenized real estate platforms built on XRPL, major institutions are exploring blockchain-based asset solutions amid rising interest rates and inflation.
* VivoPower and Flare partner in $100M XRP treasury deal: Nasdaq-listed VivoPower International has partnered with Flare Network to deploy $100 million worth of XRP tokens in a yield-generating strategy. The initiative will utilize Flare’s FAssets system, which enables non-smart contract tokens like XRP to interact with DeFi protocols.
VivoPower plans to select and begin deploying a portion of its treasury funds to several protocols within the Flare Network ecosystem. The company will use protocols such as Firelight to generate returns on its XRP treasury and will reinvest the earnings to expand its XRP holdings further.
Moreover, VivoPower plans to adopt Ripple’s U.S. dollar stablecoin, RLUSD, as its primary cash-equivalent reserve for operational and investment activities. The company will use RLUSD to mint and redeem Ondo’s U.S. Treasury fund tokens on a blockchain.
Kevin Chin, CEO of VivoPower, said: “We are always looking for new and innovative ways to manage our treasury in the best interest of our shareholders. As part of this ongoing effort, we are excited to be making a strategic shift toward a digital asset-focused treasury model with the support of Flare Network.”
Hugo Philion, co-founder of Flare, added: “We are delighted to welcome an organization of VivoPower’s caliber to the Flare Network ecosystem. This partnership marks a significant milestone in the adoption of programmable DeFi infrastructure by major institutions.”
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- BitcoinOS and Starknet Are the First to Bring ZK-Proof Scaling to Bitcoin
- Jun 15, 2025 at 10:35 am
- BitcoinOS and Starknet aren't waiting around for the controversial OP_CAT hard fork to add new functionality to Bitcoin, with both projects devising innovative ways to scale Bitcoin using zero-knowledge (ZK) proofs right now.
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- XRP Futures Ratio Hits 1-month Low as Shorts Outnumber Longs By a Considerable Margin
- Jun 15, 2025 at 10:20 am
- The ratio of long and short XRP futures positions has reached a 1-month low of 0.8622 on April 30, according to the latest data retrieved by Finbold from crypto intelligence platform CoinGlass.
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