Vivopower struck a joint venture to gain indirect exposure to Ripple and XRP by sourcing up to $300 million in Ripple Labs shares, tapping strong South Korean investor demand while avoiding balance-sheet risk.
Vivopower Targets Ripple Labs Equity to Capture XRP-Linked Upside
A joint venture agreement has been executed to expand exposure to Ripple and XRP through private equity holdings. Vivopower International PLC (Nasdaq: VVPR), a London-based sustainable energy and digital asset company, announced Dec. 12 that it entered into a definitive joint venture with South Korea-based Lean Ventures to acquire and hold Ripple Labs shares.
“Vivopower recently received written approval from Ripple Labs to purchase an initial tranche of Ripple Labs preferred shares and is now negotiating bilaterally to purchase additional Ripple Labs shares from institutional holders of Ripple Labs shares worth an estimated $300 million,” Vivopower explained.
Under the agreement, Lean Ventures will establish a dedicated investment vehicle targeting an initial $300 million allocation to Ripple Labs shares, while Vivopower’s digital asset unit, Vivo Federation, will originate and procure the shares. Lean Ventures has already canvassed interest from qualified South Korean institutional and retail investors, a market with high levels of XRP ownership and trading activity. The announcement states:
The structure of this agreement allows Vivopower to gain economic exposure to any future upside in the value of Ripple Labs and underlying XRP holdings, without committing capital from its own balance sheet.
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Vivopower expects to earn management fees and performance carry through Vivo Federation, targeting a net economic return of $75 million over three years based on the initial assets under management.
Adam Traidman, Chairman of Vivopower’s Advisory Council, opined:
With this dedicated investment vehicle, qualifying South Korean institutional and retail investors can gain exposure to Ripple Labs shares and, in turn, XRP at a material discount to the spot price.
He noted that South Korea is a strategic market for Vivo Federation due to its concentration of XRP holders by both value and participation, and said the structure allows Vivopower to benefit from Ripple-related growth and XRP adoption without deploying its own capital.
Chris Kim, Managing Partner of Lean Ventures, said there is significant appetite among South Korean institutional and retail investors seeking access to Ripple Labs shares, pointing to continued interest in , enterprise blockchain use cases, and XRPL-based financial infrastructure. By combining Lean Ventures’ licensed asset management platform with Vivopower’s sourcing capabilities and Ripple approval, the joint venture is positioned to provide indirect exposure through private ownership of Ripple Labs shares.
FAQ ⏰
- How much Ripple Labs exposure is Vivopower targeting through the joint venture? The joint venture is structured around an initial $300 million allocation to Ripple Labs shares.
- Why is South Korea central to Vivopower’s XRP strategy? South Korea represents one of the largest concentrations of holders by value and participation.
- How does Vivopower gain XRP-linked upside without using its balance sheet? The structure provides economic exposure through management fees and performance carry rather than direct investment.
- What role does Lean Ventures play in the Ripple Labs investment vehicle? Lean Ventures supplies the licensed asset management platform and investor access in South Korea.
Author: Kevin Helms
Source: Bitcoin
Reviewed By: Editorial Team
