A slow push to XRP’s institutional funding took another supporter.
Data-focused blockchain company Flare announced all BlockChain Inc. on Friday. (OTC: EBZT)a registered company in the US has signed a memorandum to adopt XRP Finance (xrpfi) Corporate Treasury yield framework.
The move comes months after Vivopower International Plc, listed on Nasdaq. (NASDAQ: VVPR) It committed $100 million in XRP to the Flare ecosystem, and is now the second public company that EBZT will do so.
The contract illustrates the early stages of Flare’s efforts to turn XRP (historically a small asset) into an agency’s productive means.
At the heart of the framework is Flare’s “facets” system, an unreliable bridge that provides smart contract capabilities for tokens such as XRP and Bitcoin. In combination with Firelight’s relayer of french, the setup allows companies to convert XRP to FXRP and allocate it to all distributed lending, staking and liquidity protocols.
“As an asset of around $150 billion, XRP has been the basis for digital finance for over a decade, but institutions have had little way of making it productive.”
“Flare changes that, by enabling a compliant, chained, non-legal yield framework designed for the corporate Treasury Department. With Vivopower and now all blockchains, public companies are verifying that XRPFI is not just a concept, but a new institutional standard,” he added.
EBZT framed that decision as part of a broader change in how public companies treat blockchain assets.
“This is to unleash the true financial utility of digital assets like XRP, as a way to not only have speculative holdings but also have yields that deteriorate over time,” said Arthur Rosenberg, the company’s CEO. “Flare provides the rails to do this in a way that meets the governance, security and auditability criteria required for public companies.”
For now, the XRPFI push remains small on dollar terms compared to Bitcoin or ether-based financial pilots.
However, two publicly traded companies that have been publishing models within a year are giving XRP a new story. It’s not much about speculation, and yields, it’s a step towards a more mainstream corporate balance sheet.
