Core Viewpoint - VivoPower International plans to originate up to $300 million worth of Ripple Labs shares for Lean Ventures, providing indirect exposure to approximately 450 million XRP tokens valued at around $900 million at current prices [1][2]. Group 1: Transaction Details - The share deal will be managed by VivoPower's digital asset unit, Vivo Federation, which will source Ripple equity for a dedicated investment vehicle managed by Lean Ventures [2]. - VivoPower does not intend to deploy significant balance sheet capital for this arrangement, acting instead as an originator and manager, generating revenue through fees and performance-based compensation [3]. - The company targets net economic returns of roughly $75 million over three years from the initial $300 million tranche, based on internal estimates [3]. Group 2: Exposure and Structure - VivoPower characterizes the Ripple Labs shareholdings as providing exposure to "underlying" XRP, based on Ripple's existing XRP holdings, without direct ownership of XRP tokens [4]. - Returns from this structure will depend on Ripple's corporate performance, balance sheet composition, and broader market dynamics [4]. Group 3: Market Context - The transaction follows earlier disclosures by VivoPower regarding other XRP-linked strategies, including a plan to acquire up to $100 million in Ripple Labs shares as part of an XRP-focused treasury strategy [6]. - VivoPower's stock, VVPR, closed at $2.83, down by 11.56% from the prior session, with trading volume at approximately 340,600 shares, indicating a sell-off on relatively light participation [6].