Nasdaq-listed VivoPower (VVPR) is expanding its XRP-related strategy through a new joint venture that aims to acquire hundreds of millions of dollars worth of Ripple Labs stock, giving investors indirect exposure to nearly $1 billion in underlying XRP.
The company said in a statement on Tuesday that its digital assets unit, Vivo Federation, was hired by South Korean asset manager Lean Ventures to secure an initial $300 million in capital from Ripple Labs.
Based on current XRP prices, VivoPower estimates the stake represents approximately 450 million XRP tokens, valued at approximately $900 million.
However, the structure fails to purchase XRP outright. Instead, Lean Ventures plans to create a dedicated investment vehicle that will hold Ripple Labs shares sourced from Vivo Federation, targeting qualified institutional and retail investors in South Korea – one of the largest XRP markets in the world.
VivoPower said it has received approval from Ripple to purchase an initial tranche of preferred shares and is negotiating additional purchases from existing institutional holders.
CoinDesk did not share further details on the transactions: “Please note that we are legally unable to provide responses to individual inquiries regarding transactions, acquisitions, mergers, or other market-sensitive matters outside of what has been publicly disclosed.”
A Ripple representative said the company was unable to comment on this topic on Thursday.
As such, the company does not commit its own balance sheet capital but will earn a management fee and performance carryover, targeting a net economic return of $75 million over three years if the initial $300 million mandate is met.
This arrangement builds on VivoPower’s recent pivot to an XRP-centric treasury strategy. Earlier this year, the company raised $121 million in a private placement led by Saudi investor Abdulaziz bin Turki Abdulaziz Al Saud, positioning itself as one of the first publicly traded companies to anchor its digital asset strategy around XRP rather than bitcoin or ether.
VivoPower has already deployed XRP in yield-generating strategies, including a $100 million allocation through Flare’s FAssets system, and adopted Ripple’s RLUSD stablecoin for treasury operations.
