Everything Blockchain Inc. (EBZT) has signed a memorandum of understanding with Flare to apply XRPFi in its digital treasury. This development highlights the increasing interest in using XRP for institutional finance.
Memorandum of Understanding with Flare
Everything Blockchain Inc. (EBZT) announced its memorandum of understanding with Flare to implement the XRPFi model. This decision makes EBZT one of the first U.S. public companies to begin utilizing XRP as a liquid asset.
Digital Treasury Strategy
EBZT plans to allocate approximately $10 million in XRP in the initial phase of its digital treasury. Objectives include converting XRP into FXRP, which will then be allocated across decentralized lending, staking, and liquidity protocols.
Growing Popularity of XRPFi
The XRPFi model, utilizing Flare's FAssets system, enables traditionally non-productive assets to become productive financial tools. The validation of XRPFi's value is further supported by a recent agreement with VivoPower, which previously allocated $100 million towards participation in the Flare ecosystem.
The adoption of Flare's XRPFi model by public companies like EBZT and VivoPower showcases the growing interest and potential benefits of using XRP as a yield-bearing asset.
