EddieJayonCrypto

 29 May 25

tl;dr

VivoPower International announced a $121 million private capital raise to transition into an XRP-focused treasury platform. The funds, raised by selling 20 million shares at $6.05 each, will be used to accumulate XRP, develop XRP Ledger infrastructure for DeFi use cases, reduce debt, and support ope...

VivoPower International is raising $121 million in private capital to build an XRP-focused treasury and develop XRP Ledger infrastructure for real-world DeFi applications.
The funding round is led by Prince Abdulaziz bin Turki Abdulaziz Al Saud and includes institutional digital asset investors and VivoPower Chairman Kevin Chin.
Former Ripple board member Adam Traidman invested and joined VivoPower’s board of advisors as chairman.
The treasury initiative complements US government strategic digital asset programs, including XRP among core assets.
VivoPower plans to use the funds also to reduce debt and support corporate operations, reflecting practical blockchain adoption in its electric vehicle and mining subsidiaries.
The capital raise requires shareholder approval and customary closing conditions before completion.

VivoPower’s transition involves selling 20 million shares at $6.05 each to accumulate XRP and to develop XRP Ledger infrastructure tailored to DeFi use cases.
The company’s electric vehicle subsidiary, Tembo, and mining infrastructure arm, Caret Digital, both slated for spin-off by Q3, exemplify practical blockchain applications.
This treasury aligns with recent US government initiatives, including the Strategic Bitcoin Reserve and Digital Asset Stockpile, where XRP is a core asset.
Adam Traidman, with Ripple experience, underscores the institutional appeal of XRPL, joining VivoPower as board advisor chairman.
Chairman Kevin Chin highlights blockchain’s role in solving cross-border payment frictions experienced firsthand by the company.
The private offering awaits shareholder approval at a meeting scheduled for June 18 or soon after, alongside customary closing conditions ensuring no material adverse changes.

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