Nasdaq-listed VivoPower International (VVPR) has announced a bold expansion of its digital asset strategy, revealing plans to deploy $100 million worth of XRP tokens through the Flare blockchain in an effort to generate yield on its treasury holdings.
The initiative, unveiled Wednesday, marks the first major institutional use of Flare’s FAssets system, which enables non-smart contract tokens like XRP to participate in decentralized finance (DeFi) protocols. VivoPower intends to utilize Flare-native applications such as Firelight to earn yield and reinvest the returns to expand its XRP position.
In addition to deploying XRP, VivoPower will integrate Ripple’s RLUSD, a U.S. dollar-backed stablecoin, as a cash-equivalent reserve within its corporate treasury. This move complements the company’s broader strategy to modernize its treasury operations with blockchain-native financial tools.
“It’s no longer enough to simply hold XRP; the duty to our shareholders is to make it productive,” said Kevin Chin, VivoPower’s CEO and Executive Chairman. “Adopting Ripple’s RLUSD is a cornerstone of this strategy, providing the stability and compliance this next-generation treasury demands.”
The partnership represents a significant milestone for Flare, positioning its ecosystem as an on-ramp for institutional players. Co-founder Hugo Philion highlighted the strategic importance of the integration:
“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.”
VivoPower joins a growing number of publicly traded companies adding digital assets to their corporate treasuries—a trend popularized by Michael Saylor’s firm MicroStrategy (MSTR), now the largest corporate holder of bitcoin.
The announcement follows VivoPower’s recent engagement with BitGo’s over-the-counter (OTC) trading desk to acquire its initial $100 million tranche of XRP. Last month, the company disclosed a $121 million 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. Securities and Exchange Commission (SEC).
