VivoPower International (NASDAQ: VVPR) has teamed up with Lean Ventures to create a new $300 million investment fund aimed at Ripple Labs equity. The fund will provide institutional investors with access to Ripple’s preferred shares at favorable prices. This partnership is part of Ripple’s broader strategy to expand its reach and solidify its position in the market, with strong institutional interest fueled by recent regulatory developments.
VivoPower’s Strategy for Ripple Equity Access
The newly formed fund will be managed by Lean Ventures, a South Korean asset management firm with significant experience handling both government and private investor funds. Lean Ventures has been instrumental in ensuring the fund’s credibility. VivoPower’s digital assets division, Vivo Federation, will take the lead in acquiring Ripple shares. Notably, Ripple has already granted written consent for the first tranche of preferred shares, supporting VivoPower’s ambitions.
Ripple’s recent regulatory advancements, such as the OCC banking license in the U.S., have significantly bolstered institutional interest in its equity. VivoPower is currently working with existing institutional shareholders to secure the remaining portion of the $300 million fund. According to Adam Traidman, Chairman of VivoPower’s Advisory Council, the Korean market holds strategic value, particularly in providing lower-priced access to Ripple equity compared to the XRP market valuation.
Ripple’s Appeal in South Korea
Korean investors are showing a growing appetite for Ripple-related products, with many eager to invest in opportunities linked to XRP. Chris Kim, Managing Partner at Lean Ventures, highlighted the strong demand for such products in South Korea. He also pointed to the recent XRPL upgrade, which has enhanced stability and decentralized finance (DeFi) functionality on the network. VivoPower’s efforts to dominate the South Korean digital asset market are further supported by the firm’s plans to acquire a 20% stake in K-Weather, a prominent Korean company.
Following the announcement of the fund’s launch, VivoPower’s stock price surged by 13%, reaching $2.88. Crypto analysts have noted that this move is designed to give investors exposure to Ripple’s potential growth. With the fund targeting a return of $75 million over three years, any increase in Ripple’s valuation will further benefit VivoPower.
