VivoPower to Deploy $30 Million for XRP Treasury Program

• VivoPower allocates $30 million to XRP treasury yield program.
• XRP’s institutional demand grows with VivoPower’s digital asset strategy.
• Ripple shares acquisition boosts VivoPower’s commitment to XRP treasury expansion.

VivoPower, a Nasdaq-listed company, has announced the first phase of its $200 million XRP treasury yield program. This move marks the company’s shift towards a more digital treasury strategy, focusing on the long-term acquisition and management of XRP assets. VivoPower, founded in 2014 and listed on the Nasdaq since 2016, operates globally, with a presence across the United Kingdom, Australia, North America, Europe, the Middle East, and Southeast Asia.

The decision to allocate $30 million to XRP is part of the company’s broader plan to support decentralized finance (DeFi) infrastructure and blockchain applications. Through a partnership with Doppler Finance, VivoPower aims to create institutional-grade XRP yield programs on the XRP Ledger (XRPL). This partnership will help develop and manage the programs as VivoPower plans to invest the total $200 million in stages, with the initial $30 million being just the first step.

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Growth in Institutional Demand for XRP

Earlier this year, VivoPower announced a strategic move to acquire privately held Ripple shares. The acquisition of these shares reflects the company’s growing commitment to XRP, further diversifying its digital treasury. VivoPower is budgeting $100 million for Ripple shares and will continue to expand its XRP holdings.

VivoPower’s adoption of XRP for its treasury operations comes at a time when institutional demand for the cryptocurrency is rising. As part of this shift, the company also made headlines with its collaboration with Flare. The company, Everything Blockchain, signed a memorandum of understanding to use Flare’s XRP finance (XRPFi) framework for corporate treasury yield. This marks an important milestone in XRP’s institutional adoption, with multiple public companies now looking to integrate XRP into their financial strategies.

At the time of this announcement, XRP saw a 2.18% increase, bringing its price to $2.82. The momentum in XRP adoption among institutional players like VivoPower signals a positive outlook for the future of the cryptocurrency, as it continues to be recognized for its potential in corporate treasury management.

VivoPower’s decision to integrate XRP into its treasury strategy highlights the increasing role of digital assets in the corporate sector. As institutional interest in XRP grows, the cryptocurrency is poised to play a significant role in the financial landscape moving forward.

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