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VivoPower to Originate 450 Million Underlying XRP Tokens Worth an Estimated $900 Million for Lean Ventures Through Targeted Ripple Labs Share Purchase
Globenewswire· 2025-12-15 13:40
Core Insights - VivoPower's digital asset unit, Vivo Federation, is engaged in a joint venture with Lean Ventures to originate $300 million worth of Ripple Labs shares, translating to approximately 450 million XRP tokens valued at around $900 million [1][2] Group 1: Joint Venture Details - Lean Ventures, a licensed South Korean asset manager, will establish a dedicated investment vehicle to acquire and hold the initial $300 million of Ripple Labs shares sourced by Vivo Federation [3] - Vivo Federation is expected to earn management fees and performance carry, targeting a net economic return of approximately $75 million over three years based on the initial assets under management [2] Group 2: Company Overview - VivoPower, founded in 2014 and listed on Nasdaq since 2016, operates globally with a focus on sustainable energy solutions and has three business units: Tembo, Caret Digital, and Vivo Federation [3] - Tembo specializes in electric solutions for customized fleet applications, while Caret Digital focuses on renewable power use cases, including digital asset mining [3] - Vivo Federation is dedicated to XRPL-based blockchain applications and maintaining exposure to Ripple Labs shares and XRP tokens [3]
VivoPower Executes $300 Million Definitive Joint Venture Agreement with South Korea-Based Lean Ventures to Acquire and Hold Ripple Labs Shares
Globenewswire· 2025-12-12 14:00
VivoPower will procure Ripple Labs shares for the joint venture’s dedicated investment vehicle, resulting in budgeted management and performance fees for VivoPower of $75 million over 3 years Lean Ventures is a licensed South Korean asset manager which manages funds for the Government of South Korea and other limited partners VivoPower has received approval from Ripple for the purchase of an initial tranche of Ripple Labs shares LONDON, Dec. 12, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: ...
Better Buy: XRP vs. Ethereum
Yahoo Finance· 2025-12-09 16:05
Key Points Ethereum has built a strong user base and frequently generates over $10 million in daily app fees. XRP's main purpose is to facilitate cross-border payments for banks, but it hasn't gained much adoption yet. 10 stocks we like better than Ethereum › XRP (CRYPTO: XRP) and Ethereum (CRYPTO: ETH) are two of the most popular altcoins -- a term for cryptocurrencies other than market leader Bitcoin. They're also both smart contract blockchains where developers can build decentralized apps (dApps ...
X @BSCN
BSCN· 2025-11-24 14:45
GRAYSCALE LAUNCHES XRP TRUST ETF UNDER TICKER GXRP- @Grayscale has announced that its $XRP Trust ETF (Ticker: GXRP) has begun trading on NYSE Arca, making XRP exposure available through a publicly traded investment vehicle for the first time from the company.- The exchange-traded product holds XRP tokens, though investment in GXRP does not constitute direct ownership of the cryptocurrency.Key Highlights:- The XRP Ledger has processed over 4 billion transactions since its launch in 2012, operating as one of ...
Avoid This Common Mistake with Your Crypto Wallet!
Digital Asset News· 2025-10-21 13:34
is that the person that had the Ellipal cold storage device, what they did to lose their 1.2% million XRP tokens, which is worth about 3 million bucks, is that they used the pneummonic or the uh seed phrase, and they for some reason they I don't know why they did this. They took the seed phrase from a cold storage device and they put it into a hot wallet, and everything got transferred over there. And because it's a hot wallet, it's connected to the internet.Uh hackers got into it and drained the account in ...
VivoPower Expands Partnership with Crypto.com with Shareholder Benefits Program
Globenewswire· 2025-08-28 12:45
Core Insights - VivoPower International PLC has expanded its partnership with Crypto.com to launch a shareholder benefits program, allowing shareholders to receive a $100 bonus in XRP tokens upon signing up as new users [1][2] - The initiative builds on a custody partnership first announced on August 12, 2025, indicating a strategic shift towards digital assets [1][3] Company Overview - VivoPower is transitioning into an XRP-focused digital asset enterprise, aiming to acquire, manage, and hold XRP digital assets as part of a diversified digital treasury strategy [3] - The company operates globally, with a presence in regions including the UK, Australia, North America, Europe, the Middle East, and Southeast Asia, and is recognized as a sustainable energy solutions B Corporation [4] Business Units - VivoPower has two main business units: Tembo, which focuses on electric solutions for ruggedized fleet applications, and Caret Digital, which is dedicated to renewable power use cases, including digital asset mining [4]