Flare, a blockchain company focused on data, has entered into a partnership with Everything Blockchain Inc. to promote the XRP finance (XRPFi) framework for enterprise treasury monetization. This collaboration involves the adoption of Flare's FAssets system, a trustless bridge that enables smart contract functionality for tokens such as XRP and Bitcoin. The system, combined with Flare's rehypothecation layer, Firelight, allows businesses to convert XRP into FXRP and utilize it in decentralized lending, staking, and liquidity protocols.
This agreement follows a significant investment by VivoPower International PLC, which committed $100 million in XRP to the Flare ecosystem earlier this year. Everything Blockchain Inc. becomes the second publicly listed company to engage with Flare's XRPFi framework, highlighting growing institutional interest in leveraging blockchain technology for corporate finance solutions.
Flare Partners with Everything Blockchain to Enhance XRPFi Framework
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