DeFi & NFT
By Dan Saada
1 / 15
Bitgo’s Strategic Expansion Into the XRP Ecosystem. On June 12, Bitgo confirmed it now supports both custody and self-custody options for FLR and SGB,…
2 / 15
Flare and Songbird: Enabling DeFi for XRP. Flare is an Ethereum Virtual Machine (EVM)-compatible blockchain designed to bring smart contract…
3 / 15
$100 Million Institutional Vote of Confidence in XRP. The timing of Bitgo’s support is highly strategic. Nasdaq-listed Vivopower, an energy company…
4 / 15
What This Means for XRP and Institutional DeFi. With Bitgo offering robust custody support and staking options on the horizon, XRP holders now…
5 / 15
Institutional adoption of XRP just took a significant leap forward. Bitgo, one of the world’s leading digital asset custodians, has custody support for Flare (FLR) and Songbird…
6 / 15
On June 12, Bitgo confirmed it now supports both custody and self-custody options for FLR and SGB, marking a critical upgrade for institutions wanting exposure to XRP-linked DeFi…
7 / 15
The inclusion of FLR is particularly notable, as it is ranked among the top 100 cryptocurrencies by market capitalization.
8 / 15
Flare is an Ethereum Virtual Machine (EVM)-compatible blockchain designed to bring smart contract functionality to tokens like XRP and Bitcoin that lack native programmability.
9 / 15
Flare also features the FAssets protocol, which enables XRP to be represented as a smart contract-compatible asset without giving up custody.
10 / 15
Songbird, Flare’s “canary network,” serves as a live testing ground where all upcoming protocols and upgrades are deployed first.
11 / 15
The timing of Bitgo’s support is highly strategic. Nasdaq-listed Vivopower, an energy company pivoting into Web3 infrastructure, recently committed $100 million worth of XRP to…
12 / 15
Instead of keeping assets idle or tied up in traditional instruments, businesses are increasingly exploring decentralized options to earn yield and engage with tokenized…
13 / 15
Hugo Philion, co-founder and CEO of Flare, emphasized the importance of Bitgo’s role in this evolution. “Partnering with a well-established, U.S.
14 / 15
With Bitgo offering robust custody support and staking options on the horizon, XRP holders now have a secure gateway into DeFi protocols without needing to leave the XRP ecosystem.
15 / 15
This development also reflects a broader trend in the digital asset space. Institutions are seeking interoperable, secure blockchain solutions that align with traditional…
The Currency Analytics
Want the full story?