🔥🔥🔥 VivoPower plans to acquire $300 million stake in Ripple Labs!
Hot news: VivoPower International PLC – a Nasdaq-listed company – has just announced a $300 million stake deal with Ripple Labs aimed at unlocking access to nearly ~$1 billion worth of XRP assets for qualified institutional and individual investors!
📊 Key points:
• The $300 million stake deal is executed by a joint venture between Vivo Federation (the digital asset unit of VivoPower) and an asset management partner in South Korea – Lean Ventures.
• The goal is to establish a specialized investment vehicle to hold the stake in Ripple Labs, thereby providing indirect exposure to approximately ~450 million XRP tokens (equivalent to ~900 million USD at current market prices).
• This means that qualified investors can participate indirectly in Ripple & XRP without needing to buy tokens directly on the spot exchange – a very exciting new option in the increasingly professional blockchain market.
💡 Why is this news noteworthy?
✔ In reality, not many public companies are willing to create financial products related to XRP at a scale close to $1 billion.
✔ VivoPower is transforming itself from a traditional business into a comprehensive digital asset hub, expanding its strategy to include both Ripple stakes and XRP.
✔ This mechanism helps reduce the risk of managing tokens directly and creates a new access channel for qualified institutional and individual investors to participate.
Will it create a new momentum for XRP in the long term? 🤔
