Nasdaq-listed firm moves toward $1B XRP exposure

Core Insights - A Nasdaq-listed company, VivoPower, is facilitating a way for investors to gain exposure to nearly $1 billion worth of XRP through an investment vehicle without directly purchasing the cryptocurrency [1][2] - VivoPower's digital asset unit, Vivo Federation, is collaborating with South Korea-based Lean Ventures to source an initial $300 million in Ripple Labs equity, which could represent exposure to approximately 450 million XRP tokens valued at about $900 million based on current prices [1][3] Investment Structure - Lean Ventures will establish a dedicated investment vehicle to hold shares in Ripple Labs instead of purchasing XRP tokens directly, allowing investors to gain indirect exposure to XRP-related economics [3][4] - This structure helps avoid challenges associated with direct cryptocurrency ownership, such as custody and regulatory compliance issues, targeting institutional and qualified retail investors in South Korea [5] Financial Implications for VivoPower - VivoPower will not use its own capital for this investment vehicle but will earn revenue through management fees and performance-based incentives, expecting to generate around $75 million in net economic returns over three years if the full $300 million mandate is completed [7] - The company benefits financially from the deal while mitigating direct market risk associated with XRP price fluctuations [7]