VivoPower has committed $100 million in XRP to Flare Network’s ecosystem in a bid to boost returns on its digital asset holdings, according to a June 11 statement.
Through this move, VivoPower intends to leverage Flare’s on-chain protocols, including Firelight, to generate sustainable yield from its XRP reserves.
The company plans to channel all earned proceeds into its XRP treasury, establishing a compounding growth strategy for its crypto holdings.
The $100 million deployment represents the first phase of VivoPower’s broader corporate strategy to utilize blockchain-based solutions for institutional asset management. The partnership also signals a growing appetite among institutional players to explore real-world utility within the XRP and Flare ecosystems.
Kevin Chin, Executive Chairman and CEO of VivoPower, said:
“We are building a virtuous cycle: generating yield and using it to systematically increase our core XRP position, creating a perpetually compounding engine for shareholder value. Adopting Ripple’s RLUSD is a cornerstone of this strategy, providing the stability and compliance this next-generation treasury demands.”
Meanwhile, the announcement comes on the heels of VivoPower’s recent $121 million private funding round. That round saw the company issue 20 million ordinary shares at $6.05 each, edging above the prior market close of $6.04.
This capital infusion is helping fuel VivoPower’s shift toward an XRP-focused treasury management model.
XRP ecosystem expands, but price action lags
VivoPower’s move comes during a period of accelerating development for the XRP ecosystem.
Over the past months, the digital asset’s blockchain network, XRP Ledger (XRPL), has seen significant adoption from major institutional players like Guggenheim Partners for real-world asset tokenization.
Beyond that, the network is on the verge of a significant technological upgrade to expand interoperability with the Ethereum ecosystem. Ripple CTO David Schwartz recently confirmed XRPL’s long-awaited Ethereum Virtual Machine (EVM) sidechain is slated to go live on mainnet by Q2 2025.
However, these advancements have yet to translate into strong upward price momentum as XRP has traded largely within a range in recent months.
Data from Polymarket reflects this tempered sentiment, with bettors assigning only a 39% likelihood that XRP will set a new all-time high this year.
According to CryptoSlate’s data, XRP is trading at $2.31 as of press time, representing a 40% decline from its January all-time high of $3.8.
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