US-listed VivoPower plans to acquire a stake in Ripple Labs for $300 million.

According to CoinDesk, Nasdaq-listed VivoPower (ticker symbol: VVPR) is expanding its Ripple-related strategy through a new joint venture aimed at acquiring hundreds of millions of dollars worth of RippleLabs equity, giving investors indirect access to nearly $1 billion worth of underlying XRP assets. In an announcement released Tuesday, the company stated that its digital asset division, VivoFederation, has been commissioned by South Korean asset management firm LeanVentures to initially acquire $300 million worth of RippleLabs equity. Based on current XRP prices, VivoPower estimates this equity represents approximately 450 million XRP tokens, worth about $900 million. However, this structure does not directly purchase XRP. Instead, LeanVentures plans to establish a dedicated investment vehicle to hold the RippleLabs equity acquired by VivoFederation, targeting South Korean institutional and accredited individual investors. VivoPower stated that it has received approval from Ripple to purchase the initial preferred shares and is in talks with existing institutional shareholders regarding further acquisitions. Under this arrangement, VivoPower will not contribute funds from its own balance sheet, but will instead generate revenue through management fees and performance-based compensation. If the initial $300 million mandate is achieved, the company aims to realize a net economic return of $75 million within three years.