Nasdaq’s VivoPower (VVPR) announces $121M fundraise to establish an XRP digital treasury.
Saudi Prince Abdulaziz bin Turki Al Saud is a key backer, committing $100M to this XRP plan.
VivoPower aims to be first public XRP-centric treasury, driving XRP adoption & XRP Ledger DeFi.
The XRP ecosystem could be in for a significant boost in adoption, as Nasdaq-listed energy firm VivoPower (VVPR) has announced an ongoing fundraising effort to build an XRP digital treasury.
The company is targeting $121 million for this venture, which is aimed at raising XRP adoption. According to a recent announcement, a substantial portion of this funding, $100 million, is slated to come from Saudi Prince Abdulaziz bin Turki Al Saud.
VIVOPOWER TO BUILD XRP DIGITAL TREASURY WITH $121M FUNDING ROUND
– Nasdaq-listed energy firm VivoPower (VVPR) is raising $121 million to launch a digital asset treasury centered on $XRP—the fourth-largest crypto by market cap.
– $100M of the round is backed by Prince Abdulaziz… pic.twitter.com/SLfKa0NnIB
— BSCN (@BSCNews) May 29, 2025
VivoPower Details $121M XRP Treasury Goal, With Major Backing from Saudi Prince Abdulaziz
Under the plan, Vi…
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