The slow push of XRP in institutional finance has just taken another funder.
Friday, the blockchain company focused on the data announced on Friday that any blockchain Inc. (OTC: EBZT)A listed company in the United States, has signed a memorandum of understanding to adopt its XRP finance (Xrpfi) Framework for the performance of the corporate treasure.
This decision comes for months after the list of Nasdaq Vivopower International PLC (Nasdaq: VVPR) Has $ 100 million in XRP at the Flare ecosystem, which only does the second public company to do so.
The agreements mark the first stages of Flare’s efforts to transform XRP – historically an active not rendered – into a productive instrument for institutions.
At the center of the frame is the “Makes” system of Flare, a bridge without confidence which gives intelligent contract features to the tokens like XRP and Bitcoin. Combined with Firelight, the Flare replenishment layer, the configuration allows companies to convert XRP into FXRP and allocate it between the loan, stimulus and decentralized liquidity protocols.
“XRP, now an asset of around 150 billion dollars, has been the cornerstone of digital finance for more than a decade, but the institutions have had few ways to make it productive,” said Hugo Philion, co-founder and CEO of Flare.
“The evolutionary changes by allowing a component, chain and non-guardian performance frame designed for corporate treasury bills. With Vivopower and now everything that is blockchain, public companies validate that XRPFI is not only a concept but an emerging institutional standard,” he added.
EBZT has supervised its decision as part of a broader change in the way public enterprises deal with blockchain assets.
“It is a question of unlocking the real financial utility of digital assets like XRP, not only as speculative participations, but as an instruments provided for yield which can worsen over time,” said Arthur Rozenberg, CEO of the company. “Flare gives us the rails to do this in a way that meets the governance, security and auditability standards required by public companies.”
For the moment, the XRPFI thrust remains low in dollars compared to the Bitcoin or ether cash drivers.
But two listed companies by publicly adopting the model in less than a year gives XRP a new story: less on speculation, more on yield and potentially a step towards more traditional business reports.
