Markets
What to know:
- Call Moscow! Everything Blockchain Inc. has put quill to parchment on a memorandum of understanding with Flare’s great and mysterious XRPFi framework. The twist? They plan to coax yield out of corporate treasuries as if squeezing gold flakes from a samovar.
- Flare, not content with mere neutrality, charges ahead-to transform the laborious XRP into a productive asset fit for institutions. The machinery: something called FAssets and a dramatic Firelight restaking layer (likely requiring sorcery or at least a calculator).
- Two public companies-VivoPower International, and now this Everything Blockchain Inc.-have signed up. Somewhere in the distance, traditional bankers clutch their pearls.
XRP, that perennial underdog of the crypto stage, has found a new suitor in the dimly lit corridors of institutional finance. Its slow shuffle into the big leagues has gathered another reluctant, suit-clad backer. And, yes, it happened on a Friday-when all sensible people should be eating pelmeni.
Flare, a blockchain firm obsessed with data-perhaps lovingly so-has announced from the rooftops that Everything Blockchain Inc. (which trades under OTC: EBZT, for those who relish acronyms) has agreed in principle to board the XRPFi train, destination: corporate treasury yield. Surprising? Only if you’ve never met a spreadsheet enthusiast.
The news comes mere months after the legendary appearance of Nasdaq-listed VivoPower International, hurling $100 million in XRP into Flare’s eco-chamber. EBZT now steps onto the stage as the second public company to follow suit (second place still means you get cake).
Both deals are the first awkward glances in Flare’s master plot to turn the historically frosty, non-yielding XRP into something warmer and more productive-a genuine instrument for financial institutions. Theoretically, you could even use it for something other than trading it at 3 am while eating cold borscht.
The centerpiece is Flare’s FAssets system, billed as a “trustless bridge” (the kind of bridge you hope trolls don’t live under), endowing tokens like XRP and bitcoin with smart contract functionality. Paired with the enigmatic Firelight restaking layer, this lets companies shapeshift XRP into FXRP and scatter it across lending, staking, and liquidity protocols as if confetti at a bureaucratic party.
Hugo Philion, Flare’s co-founder and CEO-possibly speaking through a cloud of incense and optimism-said, “XRP, now a roughly $150 billion asset, has been a cornerstone of digital finance for more than a decade, yet institutions have had few ways to make it productive.” (Translation: we’ve owned this shiny thing for years but haven’t figured out what it actually does.)
Philion declares Flare’s framework is not only compliant but tasty-non-custodial yield for treasuries. With VivoPower and now EBZT, he claims the model is legit, not just the fevered fantasy of blockchain fanatics. Institutional standard, you say? Next: XRP in your lunchbox.
EBZT’s CEO, Arthur Rozenberg, perhaps after consulting his oracle, framed this whole escapade as part of a major pivot in corporate blockchain thinking. “This is about unlocking true financial utility,” he says, before praising Flare for its governance, security, and auditability-with the seriousness of someone trying not to laugh during a budget meeting.
Admittedly, XRPFi’s push remains humble on the ledger-mere pocket change compared to the juicier pilots built on bitcoin or ether. But two public companies playing this game, within a year, gives XRP a fresh narrative: Forget wild speculation; imagine yield. Maybe, just maybe, one day, your favorite corporate honcho will brag about it over vodka shots.
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2025-08-29 21:27