Flare, a blockchain company, has signed a memorandum of understanding with Everything Black Chain Inc. (OTC: EBZT), a U.S.-listed firm, to utilize its XRP Finance (XRPFi) framework for improving enterprise bond yields. Central to this framework is Flare’s “FAssets” system, a trustless bridge offering smart contract capabilities specifically for tokens like XRP and Bitcoin. The system incorporates a re-collateralization layer called “Firelight,” enabling institutions to convert XRP into FXRP and allocate it across decentralized lending, collateral, and liquidity protocols. This initiative aims to advance enterprise-level investment and financial services within the blockchain and cryptocurrency sectors. Previously, Nasdaq-listed VivoPower International PLC allocated a significant amount of XRP within the Flare ecosystem, making EBZT the second publicly traded company to adopt this innovative financial model. The partnership is expected to expand cryptocurrency use in the enterprise bond market, providing investors with more diverse and sophisticated financial products. This development marks a significant step toward increasing blockchain and cryptocurrency adoption in business applications, enhancing transparency, speed, and cost-efficiency in financial markets. While such collaborations promise innovation and stability in finance, market volatility and regulatory challenges necessitate cautious progress.
Source: binance
