VivoPower International, a Nasdaq-listed company, has announced a pioneering move in the cryptocurrency world by launching the world’s first XRP ($2.02)-based crypto asset treasury strategy among publicly listed companies. The company successfully raised $121 million in a private placement, backed by Prince Abdulaziz bin Turki Abdulaziz Al Saud of Saudi Arabia. This strategic decision marks a significant moment for institutional XRP adoption, drawing parallels to MicroStrategy’s Bitcoin-focused playbook.

Private Placement and XRP Acquisition Plans

VivoPower’s latest private placement was priced at $6.05 per share, surpassing its last Nasdaq closing price. The capital raised from this placement will be primarily allocated to acquiring and holding XRP, as well as establishing a dedicated digital asset treasury. The company’s ambitious plans also include building a decentralised finance (DeFi) team, reducing corporate debt, and expanding its blockchain infrastructure.

This strategic move signals VivoPower’s confidence in the long-term value and stability of XRP. The company plans to integrate XRP into its financial ecosystem, aiming to solidify its position as a leading player in the blockchain and digital assets space.

Royal Backing and Strategic Talks with Trump

What makes this development even more notable is the royal backing from Prince Abdulaziz of Saudi Arabia. His involvement follows a recent meeting with U.S. President Donald Trump and his group during a visit to Saudi Arabia. The timing of the investment aligns with discussions around XRP potentially becoming one of the five crypto assets in Trump’s proposed United States Digital Asset Stockpile.

Prince Abdulaziz, a long-term holder of XRP, expressed confidence in VivoPower’s mission to contribute to the XRP Ledger (XRPL) ecosystem and drive real-world blockchain applications. He emphasized that the current moment is ideal for expanding digital asset infrastructure globally, particularly in regions like Saudi Arabia. His strategic vision and financial backing highlight the growing institutional interest in XRP and its potential to reshape the global financial landscape.

Ripple Veteran Joins as Advisor

Further strengthening VivoPower’s XRP strategy, Adam Traidman, an ex-Ripple board member, has joined the company’s Board of Advisors as chairman. Traidman, who was instrumental in Ripple’s early development, also participated in VivoPower’s investment round. His appointment as chairman signals a significant endorsement of the company’s direction and reflects the increasing institutional conviction in XRP’s potential for real-world use cases.

Traiman expressed his belief that VivoPower’s pivot towards XRP will pave the way for deeper integration of XRPL within financial infrastructure, driving adoption and real-world applications of the cryptocurrency.

Growth and Global Spin-offs: XRP-Focused Expansion

VivoPower’s transformation into an XRP-based crypto asset company will support the growth of its subsidiaries: Tembo, an electric vehicle division, and Caret Digital, a power-to-X digital mining firm. Executive Chairman Kevin Chin expressed his optimism about utilising XRP to address global payment challenges, a goal the company has encountered firsthand in its international operations.

Chin shared that VivoPower is expediting the completion of these spin-offs, with plans to wrap up the process by Q3 2025. He also mentioned ongoing discussions with Energi Holdings regarding their takeover proposal, which now centres on the Tembo division. This strategic move underscores VivoPower’s commitment to leveraging XRP as part of its broader growth strategy.

Related article: Ripple CEO: Bitcoin and XRP Communities Are Closer Than They Think

XRP’s Growing Institutional Adoption

VivoPower’s pivot towards XRP aligns with broader industry trends, which show growing confidence in the digital asset as a long-term institutional investment. Just earlier this month, Wellgistics Health secured a $50 million credit facility to adopt XRP as a core component of its real-time payments platform. This made Wellgistics Health one of the first publicly traded healthcare firms to integrate XRP into its operations. Other companies, such as Worksport, have also shown interest in using XRP as a reserve asset.

The increasing institutional adoption of XRP further strengthens its use case in real-world applications. As more companies recognise the benefits of XRP for cross-border payments, reserves, and DeFi infrastructure, its role in the financial sector is expected to expand.

Conclusion: XRP’s Role in Institutional Finance Continues to Grow

VivoPower’s strategic shift toward acquiring XRP and integrating it into its operations demonstrates growing institutional trust in XRP’s potential. Backed by Saudi royal support, a Ripple veteran advisor, and a forward-looking strategy, VivoPower is poised to play a significant role in the expanding XRP ecosystem. The company’s commitment to leveraging XRP for global payments, financial infrastructure, and blockchain innovation highlights the cryptocurrency’s growing role in institutional finance.

As more institutions, such as VivoPower, Wellgistics Health, and Worksport, adopt XRP, it is clear that the asset is becoming an increasingly integral part of the financial landscape. This trend is likely to continue, as companies around the world recognise the stability and efficiency XRP brings to decentralised finance and digital asset ecosystems.

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