Vivopower has committed $ 100 million in XRP to increase the Network ecosystem in an attempt to increase the return on his digital assets, according to an 11 June rack.
Because of this movement, Vivopower intends to use the on-chain protocols from Flare, including fire brigade light, to generate sustainable yield from the XRP reserves.
The company is planning to channel all earned revenues in its XRP treasure box, so that a composite growth strategy is set up for its crypto companies.
The use of $ 100 million is the first phase of Vivopower’s broader business strategy to use blockchain -based solutions for institutional asset management. The partnership also indicates a growing appetite among institutional players to explore the usefulness of the real world within the XRP and flare ecosystems.
Kevin Chin, executive chairman and CEO of Vivopower, said:
“We are building a virtuous cycle: generating yield and use it to systematically increase our core XRP position, creating a constantly composite engineer value for shareholder value. RLUSD from Ripple is a cornerstone of this strategy, which offers stability and compliance with this next generation circuit requirements.”
In the meantime, the announcement of the recent private financial financing round of $ 121 million from Vivopower is coming. In that round, the company was spent 20 million ordinary shares at $ 6.05 each, which above the earlier market closure of $ 6.04.
This capital infusion helps to donate the shift of the branding to an XRP-oriented Treasury Management model.
XRP -Ecosystem is expanding, but price promotion is left behind
Vivopower’s movement comes during a period of accelerating development for the XRP ecosystem.
In recent months, the blockchain network of the Digital Asset, XRP Ledger (XRPL), has seen an important acceptance of large institutional players such as Guggenheim partners for Real-World asset-tokenization.
Furthermore, the network is about to increase an important technological upgrade to expand interoperability with the Ethereum ecosystem. Ripple CTO David Schwartz recently confirmed that XRPL’s long -awaited Ethereum Virtual Machine (EVM) Sidechain is planned to go live on Mainstet through Q2 2025.
However, these claims still have to translate into a highly upward price momentum, because XRP has largely traded within a range in recent months.
Facts From polymarket, this tempered sentiment, where gamblers only assign a probability of 39% that XRP will set a new all time this year.
According to CryptoSlate’s Data, XRP acts at $ 2.31 from the moment of the press, which represents a decrease of 40% compared to the High of January of $ 3.8.
