PANews reported on June 11 that Nasdaq-listed company VivoPower (NASDAQ: VVPR) announced today that it has reached a strategic cooperation agreement with L1 blockchain network Flare, planning to deploy XRP worth $100 million to obtain on-chain revenue through the Flare ecosystem. This is the first specific implementation of VivoPower's new XRP accumulation financial strategy, which aims to explore an enterprise asset management model with XRP as the core.

According to the announcement, VivoPower will deploy its XRP assets through the Flare network's revenue protocols (such as Firelight) and reinvest the generated revenue in its XRP core assets to improve capital efficiency. The strategy is designed as a circular reinvestment mechanism to improve long-term treasury operation efficiency.

The collaboration is also seen as the first institutional-level application verification of the FAssets system in the Flare ecosystem, which provides a programmable financial instrument layer for the XRP ecosystem. Flare is supported by Ripple Labs and currently has a market value of approximately $1.9 billion. The network has previously made initial progress among retail investors through partners such as Uphold.

In addition, VivoPower stated that its treasury transformation strategy around XRP has been supported by multiple international investors, including Saudi Arabian Prince Abdulaziz bin Turki bin Talal Al Saud. The company said that this cooperation aims to further explore the potential application of digital assets in institutional-level financial management.