BitGo Enters Strategic Partnership with VivoPower to Facilitate its Initial US$100 Million XRP Acquisition for Treasury Strategy

Core Insights - VivoPower has announced a strategic partnership with BitGo to develop a digital asset treasury strategy focused on XRP [1][3] - VivoPower has successfully raised US$121 million, with plans to use US$100 million for the acquisition of XRP tokens [1][2] - The partnership will allow VivoPower to utilize BitGo's OTC trading desk and custody platform for trading and holding its digital assets [2][3] Company Overview - VivoPower International PLC is transitioning into an XRP-focused digital asset enterprise, aiming to manage and hold XRP as part of a diversified digital treasury strategy [6] - The company operates globally, with a presence in regions including the UK, Australia, North America, Europe, the Middle East, and Southeast Asia [7] - VivoPower has two business units: Tembo, which focuses on electric solutions, and Caret Digital, which is centered on renewable power applications including digital asset mining [7] BitGo Overview - BitGo is a leading provider of digital asset solutions, offering services such as custody, wallets, trading, and settlement from regulated cold storage [5] - The company serves thousands of institutions and is recognized as the largest independent digital asset custodian and staking provider globally [5] - BitGo's OTC trading desk provides access to deep liquidity pools and facilitates discreet execution of high-volume trades in a secure environment [3][5]