Flare and Everything Blockchain sign a cooperation agreement to promote the profitability of XRPFi framework enterprise treasury

PANews August 30th news, according to Coindesk, data-focused blockchain company Flare has signed a memorandum of understanding with US listed company Everything Blockchain Inc. (OTC: EBZT), which will adopt its XRP finance (XRPFi) framework for corporate bond yields. At the heart of this framework is Flare’s “FAssets” system, a trustless bridge that provides smart contract capabilities for tokens such as XRP and Bitcoin. Combined with Flare’s resecuring layer Firelight, the system allows businesses to convert XRP to FXRP and distribute between decentralized lending, collateral and liquidity protocols. A few months ago, Nasdaq-listed VivoPower International PLC (NASDAQ: VVPR) committed to injecting $100 million in XRP into the Flare ecosystem, and EBZT became the second public company to do so.