XAO DAO Moves 80% of XRP Treasury to Firelight for Deployment
XAO DAO has approved proposals to deploy 80% of its XRP holdings through the Firelight platform.
XAO DAO has approved proposals to deploy 80% of its XRP holdings through the Firelight platform. XRP (XRP) is trading at ₹125 ($1.32). This is an original Token Times brief based on reporting by CryptoPotato, with live market data added, as of Fri, 23 Oct 2026 06:30:01 UTC.
This development signifies a strategic shift in how DAOs manage their crypto treasuries, potentially influencing other organizations to adopt similar models for asset deployment and governance.
- XAO DAO approved proposals to deploy 80% of its XRP treasury.
- Deployments will occur via the Firelight platform.
- Community forum launch marks a key milestone for the DAO.
- Ripple CEO Announces XRP Treasury Deployment for Lending
- XAO DAO Moves 80% of XRP Treasury to Firelight for Deployment — this brief
XAO DAO has announced that it has approved multiple proposals to deploy 80% of its 
XRP treasury through the Firelight platform. This decision follows a series of governance votes and marks a significant shift in the DAO's asset management strategy.
The deployment of assets via Firelight is intended to optimize the use of the DAO's XRP holdings, though specific details about the deployment strategy and timeline remain undisclosed.
The news comes alongside the launch of a community forum, which the DAO has described as a 'huge milestone.' This forum is likely to serve as a platform for further discussion and decision-making regarding the DAO's future actions.
The broader market context shows a slight downturn, with 
Bitcoin down 1.58% in the last 24 hours and the overall market cap at $2.8 trillion. XRP itself is also down, trading at $1.32 with a 2.30% decrease over the past day.
This development highlights the growing trend of DAOs actively managing their treasuries and seeking innovative platforms for asset deployment. It will be important to monitor how this move impacts XAO DAO's treasury performance and whether other DAOs follow a similar approach.
Since this brief published about 2 hours ago, XRP (XRP) has moved from ₹125.27$1.32 to ₹125.27$1.32 — +0.00%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₹137.6 (about $1.32), down 1.2% over 24 hours. The rupee itself trades about 9.8% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
XAO DAO Moves 80% of XRP Treasury to Firelight for Deploymen — questions & answers
What is the purpose of deploying XRP through Firelight?
The exact purpose is not specified, but it aims to optimize the use of XAO DAO's XRP holdings.
How much XRP is XAO DAO deploying?
80% of the DAO's XRP treasury will be deployed through Firelight.
What is the significance of the community forum launch?
The forum represents a key milestone, likely serving as a platform for ongoing DAO governance and decision-making.
How much is 1 XRP worth in rupee today?
About ₹137.6 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $1.32. The rupee price moves with both XRP's US-dollar price and the USDT/INR rate; use our XRP in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from CryptoPotato. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.