Digital asset infrastructure and custodian provider Bitgo announced on June 12 the addition of support for Flare (FLR) and Songbird (SGB), two Ethereum Virtual Machine (EVM)-compatible networks designed to enable decentralized finance (DeFi) use cases for assets like XRP. The announcement comes amid rising institutional interest in XRP-enabled infrastructure: Nasdaq-listed energy company Vivopower recently committed $100 million in XRP to Flare’s ecosystem using its non-custodial FAssets protocol. This strategic move allows DeFi participation for XRP while preserving its native security properties, signaling a shift in corporate treasury management through decentralized tools.

Bitgo now offers custody and self-custody solutions for both FLR and SGB, including hot and cold wallet options, with staking and delegation support planned for release later this year. The company stated:

With the addition of FLR, a top 100 asset by market capitalization, Bitgo reinforces its position as the leading custodian offering the broadest support for top-tier digital assets.

Flare’s architecture includes tools like the Flare Time Series Oracle and Data Connector, enabling secure access to price data and external information. Its FAssets system lets non-smart contract assets like XRP and bitcoin be utilized within DeFi without relinquishing custody.

Songbird functions as Flare’s canary network, providing a live testing ground for the same protocols. Hugo Philion, CEO of Flare, stated: “Partnering with a well-established, U.S.-based qualified custodian like Bitgo is a key milestone in Flare’s institutional journey.” The partnership between Bitgo and Flare, paired with Vivopower’s XRP deployment, reflects accelerating institutional demand for regulated, data-enabled blockchain infrastructure built around XRP and similar assets.

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