VivoPower Partners with Lean Ventures on $300M Ripple Labs Equity Acquisition for Nearly $1B XRP Exposure
VivoPower has formed a joint venture with Lean Ventures to acquire Ripple Labs equity, aiming to secure $300 million worth of shares for institutional and qualified retail investors primarily in South Korea. This arrangement offers indirect exposure to XRP valued at nearly $1 billion, comprising approximately 450 million XRP tokens worth around $900 million.
The investment vehicle, managed by VivoPower’s digital asset unit Vivo Federation, will source Ripple shares but will not deploy VivoPower’s own capital. If the mandate is fulfilled, the venture plans to pay $75 million in management fees and performance carry over three years. Ripple has approved the initial tranche of preferred shares for VivoPower, with additional purchases under negotiation with existing institutional holders.
This dedicated investment vehicle targets South Korea as a key market for XRP exposure. VivoPower’s approach follows its XRP-focused treasury strategy, which includes a $121 million private placement earlier in 2025 led by Abdulaziz bin Turki Abdulaziz Al Saud, besides other XRP treasury initiatives. The company has allocated XRP to yield strategies such as $100 million through Flare’s FAssets and employs Ripple’s RLUSD stablecoin for treasury operations.
Ripple has not provided comments on the deal at the time of reporting and refrained from further statements.
