qerranews 
VivoPower International (VVPR), a publicly traded company on the Nasdaq, has announced a major expansion into digital assets. The company will deploy $100 million worth of XRP tokens using the Flare blockchain to earn passive income from its treasury.
This is the first large-scale institutional use of Flare’s FAssets system, which makes it possible for tokens like XRP (that aren’t normally compatible with smart contracts) to interact with decentralized finance (DeFi) platforms. VivoPower plans to use Flare-based apps like Firelight to earn rewards and then reinvest those profits back into XRP.
But that’s not all—VivoPower will also integrate Ripple’s RLUSD, a U.S. dollar-backed stablecoin, into its treasury as a cash-equivalent asset. This is part of the company’s broader move to upgrade its treasury tools by adopting blockchain-based financial instruments that are stable, transparent, and secure.
“It’s no longer enough to simply hold XRP; the duty to our shareholders is to make it productive,” said Kevin Chin, CEO and Executive Chairman of VivoPower. “Adopting Ripple’s RLUSD is a cornerstone of this strategy, providing the stability and compliance this next-generation treasury demands.”
The partnership is also a major step forward for Flare, a blockchain designed to connect traditional cryptocurrencies with the world of DeFi. Its co-founder, Hugo Philion, believes this deal highlights the real value of their platform:
“Our FAssets system is more than just a bridge; it’s a gateway that allows institutions to bring assets like XRP into programmable DeFi environments to generate yield, all while retaining their fundamental security.”
This decision comes at a time when more public companies are adding crypto to their balance sheets—a trend made famous by MicroStrategy, which became the largest corporate holder of Bitcoin under Michael Saylor. VivoPower is now taking a similar approach, but with a focus on XRP and stablecoins like RLUSD.
To fund this move, VivoPower recently raised $121 million through a private share placement, led by Saudi Prince Abdulaziz bin Turki Abdulaziz Al Saud, chairman of Eleventh Holding Company, according to a filing with the U.S. SEC.
The company has already started building its XRP position, working with BitGo’s OTC trading desk to secure its initial $100 million worth of XRP.
By combining the earning power of DeFi with the stability of a trusted stablecoin, VivoPower is reshaping how corporate treasuries can operate in the blockchain era. This move could set an example for other businesses looking to put their idle funds to work while staying compliant and secure.