Flare Secures Everything Blockchain as Second Public Company for XRPFi
Flare has gained support from Everything Blockchain Inc. (OTC: EBZT) to adopt its XRP finance (XRPFi) framework aimed at corporate treasury yield.
- This follows VivoPower International PLC's (NASDAQ: VVPR) commitment of $100 million in XRP to Flare’s ecosystem.
- The agreements are part of Flare’s strategy to make XRP a productive asset for institutions.
- Flare’s “FAssets” system provides smart contract functionality to tokens like XRP, allowing conversion to FXRP for decentralized lending and staking.
- Hugo Philion, Flare’s CEO, emphasized the new yield framework for corporate treasuries.
- EBZT views this as a shift in how public companies perceive blockchain assets, focusing on their financial utility.
- The XRPFi initiative is still small compared to bitcoin or ether treasury pilots but offers a new narrative emphasizing yield over speculation.