Key Notes
- VivoPower’s partnership with Seoul-based Lean Ventures establishes a $300 million investment vehicle for Ripple Labs preferred shares.
- The deal targets South Korea’s market, which holds the world’s largest XRP position by value and trading volume.
- VivoPower anticipates $75 million in fees over three years while gaining indirect exposure to Ripple’s valuation growth.
VivoPower International PLC announced the execution of a definitive $300 million joint venture agreement with Lean Ventures, marking one of the company’s most significant digital asset initiatives to date. The deal, unveiled on December 12, will allow the parties to acquire and hold a substantial portfolio of Ripple Labs shares through a newly established, South Korea-focused investment vehicle.
Lean Ventures, a licensed and prominent asset manager based in Seoul, will structure and manage the investment vehicle targeting $300 million worth of Ripple Labs equity. The firm already oversees funds for the Government of South Korea and several private limited partners, giving it a strong institutional base for the venture.
VivoPower Finalizes $300M Ripple Share Acquisition Deal
According to the announcement, Lean Ventures has also canvassed interest from both institutional and retail investors in South Korea, potentially including K-Weather. VivoPower is currently finalizing due diligence on acquiring an initial 20% stake in K-Weather as part of its strategy to expand its footprints within the region.
Under the agreement, Vivo Federation, VivoPower’s digital asset investment arm, will originate and secure Ripple Labs shares on behalf of the fund. The company confirmed receiving written approval from Ripple Labs to purchase an initial tranche of preferred shares. Negotiations are ongoing for additional purchases from existing institutional shareholders, enabling the vehicle to reach its full $300 million target.
VivoPower expects to generate $75 million in management and performance fees over three years based on the initial fund size. The joint venture structure also grants VivoPower indirect economic exposure to potential future gains in Ripple Labs’ valuation and underlying XRP
XRP
$2.03
24h volatility:
0.4%
Market cap:
$122.68 B
Vol. 24h:
$2.66 B
holdings.
Adam Traidman, Chairman of VivoPower’s Advisory Council, emphasized the strategic relevance of the South Korean market’s status as the world’s largest holder of XRP by both value and volume. He added that the partnership will offer Korean investors discounted access to Ripple Labs shares relative to XRP spot pricing. Lean Ventures’ Managing Partner Chris Kim echoed the sentiment, citing strong national demand for Ripple-linked investment products.
Founded in 2014 and listed on Nasdaq since 2016, VivoPower reported a 13% intraday surge in its share price to $2.88 following the announcement, according to Yahoo Finance data. Meanwhile, XRP remained flat near $1.98 as traders digested recent crypto-market volatility and rotation-driven losses.
VivoPower reported a 13% intraday surge | Yahoo Finance
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Ibrahim Ajibade is a seasoned research analyst with a background in supporting various Web3 startups and financial organizations. He earned his undergraduate degree in Economics and is currently studying for a Master’s in Blockchain and Distributed Ledger Technologies at the University of Malta.
