VivoPower (VVPR), a Nasdaq-listed energy and sustainability focused company, is preparing to expand its connected strategy to the Ripple ecosystem.
The company aims to buy $300 million worth of Ripple Labs shares in a new joint venture with South Korea-based asset management firm Lean Ventures. The move aims to provide investors with indirect access to approximately $1 billion worth of XRP, without purchasing the crypto asset directly.
According to a statement from VivoPower, the company’s digital assets unit, Vivo Federation, was tasked with initially acquiring $300 worth of Ripple Labs shares on behalf of Lean Ventures. Based on current XRP prices, this share equates to approximately 450 million XRP, with a total value of approximately $900 million.
However, the structure does not involve direct purchases of XRP. Instead, Lean Ventures plans to create a private investment vehicle that will hold the Ripple Labs shares acquired through Vivo Federation. This investment vehicle will specifically target qualified institutional and individual investors in South Korea, which stands out as one of the strongest markets for XRP in the world.
VivoPower announced that it has received approval for the first batch of Ripple preferred shares and is in discussions with existing institutional shareholders regarding additional acquisitions. The company will not use direct capital from its own balance sheet; Rather, it aims to generate income through management fees and performance bonuses. It projects a net economic return of approximately $75 million over three years.
This initiative is a continuation of VivoPower’s recent shift towards an XRP-focused treasury strategy. The company has already used XRP in yield-generating structures and integrated Ripple’s RLUSD stablecoin into its treasury operations.
*This does not constitute investment advice.