Key Takeaways
- VivoPower raised $121 million to launch the world’s first XRP-focused treasury model
- His Royal Highness, Saudi Prince Abdulaziz, invested $100 million and supports XRP’s role in digital finance
- The funds will be used to buy XRP, build a specialized team, and reduce debt.
- Adam Traidman, ex-Ripple board member, joined VivoPower’s Board of Advisors as Chairman.
- The move reflects growing interest in digital assets as corporate reserves.
Nasdaq-listed energy firm VivoPower International has raised $121 million by agreeing with a few investors to kickstart what it calls the world’s first corporate treasury model centred on XRP, the fourth-largest digital asset by market capitalization.
Funding Details and Strategic Allocation
His Royal Highness Prince Abdulaziz bin Turki Abdulaziz Al Saud of Saudi Arabia led the funding with a $100 million investment. VivoPower issued 20 million new shares at $6.05 each as part of the offering, as per the company’s tweet:
The company will use the capital to acquire XRP, build a decentralized finance (DeFi) development team focused on the XRP Ledger (XRPL), and reduce existing debt.
VivoPower now stands as the first publicly traded company to adopt an XRP-centric digital asset strategy. The company’s move reflects a growing institutional appetite for digital assets as corporate reserve holdings, placing XRP alongside Bitcoin, Ethereum, and Solana.
Royal Endorsement and Geopolitical Context
Prince Abdulaziz confirmed his long-standing interest in the digital asset space and expressed confidence in VivoPower’s strategy. “We have been investors in the digital asset sector for a decade and have been long-term holders of XRP,” he said. “After assessing several listed vehicles with digital asset treasury ambitions, we chose VivoPower due to its strategic focus on XRP and its commitment to expanding the XRPL ecosystem.”
The prince also cited a recent meeting with President Donald Trump and his team during their visit to Saudi Arabia, linking the timing of the move with broader geopolitical shifts. “We believe now is the right time for blockchain adoption in the Kingdom,” he added.
Taking Onboard The Best In Industry
Adding further weight to the initiative, Adam Traidman, former Ripple board member and co-founder of several blockchain ventures, has joined VivoPower’s Board of Advisors as Chairman. Traidman is also investing in the offering. “VivoPower’s initiative to become the first publicly listed company with an XRP-centric treasury strategy is a forward-thinking move that reflects growing institutional conviction in real-world blockchain applications,” he said.
The development is happening amidst US regulators weighing multiple XRP exchange-traded fund (ETF) applications. If approved, the XRP ETFs would further cement the asset’s weightage among institutional investors.
VivoPower’s entry into the crypto space coincides with a major pivot by companies worldwide to hold digital assets as reserve capital. Industry watchers see this as another sign that blockchain integration is moving beyond experimentation and into mainstream finance.
