VivoPower eyes $300M Ripple share deal, bagging nearly $1B in XRP exposure
VivoPower's digital asset unit will source $300 million in Ripple Labs equity for South Korean investors.Summary
Nasdaq-listed VivoPower, through its digital asset unit Vivo Federation, has been engaged by South Korea's Lean Ventures to source an initial $300 million of Ripple Labs equity. This equity stake is estimated to represent approximately 450 million XRP tokens, valued near $900 million based on current prices. The structure involves Lean Ventures creating an investment vehicle to hold these shares for institutional and qualified retail investors in South Korea, without VivoPower buying XRP outright. VivoPower has received approval for an initial tranche of preferred shares and is negotiating further purchases. The company expects to earn management fees and performance carry, targeting $75 million in net economic returns over three years from this mandate, building on its existing XRP-centric treasury strategy.
(Source：CoinDesk)