VivoPower partners with Lean Ventures in $900M Ripple and XRP-linked deal
Crypto Briefing
VivoPower's digital asset unit will source $300 million in Ripple Labs shares for South Korean firm Lean Ventures.Summary
VivoPower announced that its digital asset unit, Vivo Federation, has been mandated by Lean Ventures to source $300 million worth of private Ripple Labs shares for the South Korean asset manager. This transaction provides economic exposure benchmarked against the XRP market, equating to a notional value of about $900 million based on the initial announcement. Vivo Federation is set to earn management fees and performance carry, targeting a net economic return of approximately $75 million over three years from the initial assets under management. Lean Ventures has already gauged interest from South Korean institutional and retail investors, such as K-Weather, as it seeks to increase its assets under management.
(Source：Crypto Briefing)