Latest news with #Flare
Yahoo
09-07-2025
- Business
- Yahoo
VivoPower International, Flare Partner to Generate Yield on $100M in XRP
VivoPower International (NASDAQ:VVPR) is one of the best-performing NASDAQ stocks according to analysts. On June 11, VivoPower announced a definitive partnership with Flare. The collaboration aims to generate yield on VivoPower's digital assets, beginning with an initial deployment of $100 million in XRP. The move serves as a validation of the XRP ecosystem's utility for institutional treasury management. The XRP ecosystem is a digital payment network built around the XRP Ledger/XRPL. VivoPower will generate yield through protocols on the Flare Network, such as Firelight, and will reinvest this income directly back into XRP holdings. A technician inspecting a modern battery cell. The partnership also delivers the first institutional-scale validation of Flare's FAssets system, which establishes it as a programmable utility layer for the XRP ecosystem. FAssets is a non-custodial protocol that allows XRP to be used in smart contract applications while preserving its native security model. VivoPower International (NASDAQ:VVPR) provides energy solutions for customized & ruggedized fleet applications, battery & microgrids, and solar and critical power technology & services. Flare is a next-gen Layer 1 blockchain designed to connect decentralized systems with real-world utility through secure and data-rich interoperability. While we acknowledge the potential of VVPR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
17-06-2025
- Business
- Yahoo
XRP Gets Another DeFi Boost Through Flare's FAssets and FXRP, Messari Says
Flare Network is helping push XRP deeper into decentralized finance (DeFi) with FXRP — a fully collateralized, non-custodial representation of XRP on Songbird — and a growing suite of infrastructure now drawing interest from retail and institutional players alike, according to a Messari report. Flare validates off-chain data without external middleware. The framework secures FAssets, such as FXRP, and enables cross-chain transactions, which is key to building a decentralized financial ecosystem around XRP. At the protocol layer, FXRP minting utilizes a multi-collateral system, pooling stablecoins, FLR, and agent funds, to maintain a 2x or greater over-collateralization ratio. All participating agents are KYC'd and monitored on-chain, adding a layer of compliance uncommon in DeFi bridges. While FXRP is currently live on Songbird (Flare's canary network), the mainnet rollout is reportedly near. In blockchain parlance, a canary network is designed for testing new features and protocols before they are deployed to a main network, but operates as a fully functional, live network (unlike a testnet, where assets don't hold any financial value). Interest is already picking up: Trading platform Uphold, which holds 1.8 billion XRP, is looking to integrate FXRP. Separately, Nasdaq-listed VivoPower has committed $100 million in XRP for deployment on the Flare network. Next in line is liquid staking. Firelight Protocol plans to launch stXRP, a liquid staking derivative for FXRP. Modeled after stETH, the token will be transferable across Flare's DeFi apps and allow holders to maintain liquidity while earning rewards, further expanding XRP's use case on the network. If the launch plays out as designed, Flare may finally bring DeFi utility to one of crypto's most held, but underutilized, tokens. 'While the XRPL has native functions like escrows, checks, and payment channels, it cannot implement complex smart contracts,' Messari analysts said in the report. 'FAssets bridge this gap by allowing XRP token holders to participate in a full range of DeFi activities (aka XRPFi), such as lending, borrowing, yield farming, and liquidity provisioning, without sacrificing custody of their underlying is particularly significant for XRP, which has historically been limited in its DeFi applications despite its substantial market capitalization and global adoption,' the analysts added. For institutions, XRPFi offers a way to generate yield on their XRP holdings, which have traditionally been held as static assets.
Business Insider
12-06-2025
- Business
- Business Insider
BitGo Introduces Custody Support for Flare and Songbird Networks
Dubai, UAE, June 12th, 2025, Chainwire Flare, the blockchain for data, today announced that BitGo has launched institutional custody services for Flare (FLR) and Songbird (SGB). BitGo, a globally regulated and licensed qualified custodian based in the United States, provides secure storage infrastructure used by many leading digital asset platforms and financial firms. This collaboration represents a meaningful step forward as Flare expands its reach to regulated and compliance-focused markets. Institutions using BitGo can now store and manage FLR and SGB tokens through qualified custody or self-custody setups. Both hot and cold wallet options are available, offering flexibility for institutions managing these assets. Staking functionality and additional integrations will follow in the coming months. Flare is an EVM-compatible Layer 1 network designed to support applications that rely on real-world data. It features built-in data protocols such as the Flare Time Series Oracle for delivering accurate price feeds, the Flare Data Connector for integrating external and cross-chain information, and the FAssets system, which brings assets like BTC, XRP, and DOGE into the world of decentralized finance. Songbird, Flare's canary network, operates as a real-time testbed for new features before they are introduced on the Flare mainnet. Developers use Songbird to evaluate functionality under live conditions with real economic incentives. The announcement comes as Flare gains momentum in institutional circles. Earlier this week, VivoPower, a publicly traded firm, became the first major institution to adopt an XRP-based treasury strategy on Flare, allocating one hundred million dollars worth of XRP to the network's DeFi ecosystem. 'Partnering with a well-established, U.S.-based qualified custodian like BitGo is a key milestone in Flare's institutional journey,' said Hugo Philion, CEO and co-founder of Flare. 'BitGo's reputation, regulatory credentials, and support for segregated accounts make them an ideal partner as we prepare to launch products that require compliant custody solutions. We're proud to work with BitGo to expand secure access to FLR and SGB for institutions worldwide.' In the coming period, BitGo will introduce staking for FLR, delegation support for Wrapped Flare (WFLR), integration with Flare's token standard, and compatibility with the Flare P-Chain. Institutions seeking to engage with FLR and SGB through BitGo can reach out to their client service manager or visit the BitGo website for onboarding details. Flare is a smart contract platform built to bring external data on-chain securely and at scale. It supports data-intensive use cases including machine learning, asset tokenization, gaming, and social platforms. With enshrined oracles integrated directly into its network, Flare enables developers to access a wide range of data sources while maintaining decentralization and trust minimization. BitGo is a United States based digital asset custodian serving institutions and exchanges across the globe. Recognized for its regulatory standing and compliance credentials, BitGo offers custody solutions including segregated accounts and qualified custodianship. The company is licensed by the New York Department of Financial Services and provides services designed to meet the needs of professional digital asset holders.
Yahoo
11-06-2025
- Business
- Yahoo
VivoPower to Deploy $100M in XRP on Flare, Add Ripple USD for Treasury Operations
VivoPower International (VVPW), the Nasdaq-listed company transitioning into a digital asset treasury play, has plans to put $100 million worth of XRP XRP tokens to work. The firm announced Wednesday it has partnered with layer-1 blockchain Flare FLR to deploy $100 million XRP to generate yield on its treasury holdings. The initiative marks the first large-scale use of Flare's FAssets system, which enables non-smart contract tokens like XRP to interact with decentralized finance (DeFi) protocols, the press release said. VivoPower plans to generate yield through Flare-native protocols such as Firelight and reinvest the income to expand its XRP holdings. The company said it will also adopt payment firm Ripple's RLUSD stablecoin as its cash-equivalent reserve. "It's no longer enough to simply hold XRP; the duty to our shareholders is to make it productive," CEO and executive chairman Kevin Chin said in a statement. "Adopting Ripple's RLUSD is a cornerstone of this strategy, providing the stability and compliance this next-generation treasury demands." For Flare, the deal is a milestone of institutional validation, Flare co-founder Hugo Philion pointed out. "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," he said. VivoPower is part of the growing roster of public firms raising money to purchase and add digital assets to their treasuries, a playbook popularized by Michael Saylor's Strategy (MSTR) that has become the largest corporate holder of bitcoin BTC. The firm's latest move comes shortly after tapping BitGo's over-the-counter trading desk for acquiring an initial $100 million trench of XRP tokens. VivoPower last month said that it entered into an agreement for a $121 million private share placement, with the fundraising led by Saudi Prince Abdulaziz bin Turki Abdulaziz Al Saud, chairman of Eleventh Holding Company, according to a SEC filing. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Otago Daily Times
10-06-2025
- Entertainment
- Otago Daily Times
Cathedral lit up for Matariki
The Christ Church Cathedral has been illuminated by a powerful projection for Matariki. The Hurihanga projection was created by Sam Emerson (Ngāi Tahu) from the Offline Collective in collaboration with collective members Michael Duggan and Charlie Pitts. Hurihanga, which is part of the Flare Ōtautahi Street Art Festival, transforms the cathedral's exterior into a canvas of light, honouring stories of renewal, remembrance, and whakapapa through breathtaking visuals and mātauranga Māori. Flare project manager Selina Faimalo said it invites people "to pause, wonder, reflect and connect in a conversation". "Hurihanga adds meaningful layers to the iconic cathedral to reflect Ōtautahi's navigation of our past, present and future to reveal our connections to place and each other in recognition of Matariki," she said. Cathedral dean Ben Truman said the building has a long history of celebrating special and civic occasions, alongside diocesan events. "Offering the cathedral as a canvas for this Matariki celebration display continues our Anglican legacy of bicultural celebration and is an exciting way to unite our community around whakapapa and whakapono, remembering our personal and collective histories of family and faith." Hurihanga was paid for by donors who supported a crowdfunding campaign, highlighting the power of the community. Said Emerson: "We created Hurihanga to reflect ancestral stories and the significance of Puaka, the star to which Te Waipounamu looks for Matariki. "The brightest star in Tautoru (Orion's belt), in Māori mythology Puaka's appearance means Te Waka o Raki is rising to bring loved ones to their final resting place in the celestial kingdom, a reminder to acknowledge those who came before us, but also to celebrate the present, and to dream for the future. "Hurihanga harnesses this wairua and draws on the symbolism of the cycles of time, of wind, rain, lightning and the growing, harvesting and storage of food, to create a sprawling, transformative story that takes viewers on a journey far beyond the physical setting," Emerson said. Hurihanga will be turned on every night from 6pm-10pm for a month from Wednesday, June 11.
