VivoPower Raises $121M to Launch XRP Treasury Strategy with Saudi Royal Backing 🇸🇦
Nasdaq-listed energy company VivoPower International (VVPR) has announced a $121 million private placement to implement a digital asset strategy focused on XRP 💎
The investment was led by Prince Abdulaziz bin Turki Abdulaziz Al Saud, who contributed $100 million through his firm, Eleventh Holding Company 👑
VivoPower aims to become the first publicly listed company to adopt an XRP-based treasury strategy 🚀
Former SBI Ripple Asia CEO Adam Traidman has been appointed chairman of the company’s advisory board 🧠
This move marks a major milestone for XRP, which is gaining increased institutional attention 🏛️
At the same time, Ripple has expanded its digital asset custody services, and several tokenized government bond funds have launched on the XRP Ledger 🪙—highlighting XRP’s growing role in the global financial system 🌍
