Nasdaq-listed VivoPower (VVPR) is expanding its XRP-linked strategy through a new joint venture that aims to acquire hundreds of millions of dollars worth of Ripple Labs shares, giving investors indirect exposure to nearly $1 billion worth of underlying XRP.
The company said in a Tuesday release its digital asset unit, Vivo Federation, has been engaged by South Korea–based asset manager Lean Ventures to source an initial $300 million of Ripple Labs equity.
Based on current XRP prices, VivoPower estimates the stake represents roughly 450 million XRP tokens, valued at about $900 million.
The structure stops short of buying XRP outright, however. Instead, Lean Ventures plans to establish a dedicated investment vehicle that will hold Ripple Labs shares sourced by Vivo Federation, targeting institutional and qualified retail investors in South Korea — one of XRP’s largest markets globally.
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.
It did not share further details about the transactions when asked by CoinDesk: “Please note that we are legally unable to provide responses to individual enquiries 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 as of Thursday.
As such, the company does not commit its own balance sheet capital but will earn management fees and performance carry, targeting $75 million in net economic returns over three years if the initial $300 million mandate is reached.
The arrangement builds on VivoPower’s recent pivot toward 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 firms to anchor its digital asset strategy around XRP rather than bitcoin or ether.
VivoPower has already deployed XRP into yield-generating strategies, including a $100 million allocation through Flare’s FAssets system, and adopted Ripple’s RLUSD stablecoin for treasury operations.