In a groundbreaking move, VivoPower International has teamed up with Lean Ventures to launch a $300 million investment fund aimed at unlocking Ripple’s equity and potential XRP-linked growth. This strategic partnership positions VivoPower and Lean Ventures as key players in the evolving digital asset market.
Unveiling the $300M Investment Fund
VivoPower, in collaboration with Lean Ventures, a South Korean asset management powerhouse, is tapping into Ripple’s multi-chain RLUSD initiative. The fund provides institutional investors access to Ripple’s equity and its growing ecosystem. Ripple Labs has granted approval for the purchase of preferred shares to kickstart this expansion project.
Lean Ventures, known for managing South Korean government funds, will play a vital role in managing the new investment vehicle. Chris Kim, Managing Partner of Lean Ventures, highlighted strong demand for Ripple-related investment opportunities within Korea, supported by recent technological upgrades like the XRP Ledger (XRPL) enhancement. These upgrades bolster decentralized finance (DeFi) capabilities, driving investor confidence.
Revenue Expectations
Through this initiative, VivoPower expects to generate $75 million in management and performance fees over the next three years. Moreover, additional revenue streams will emerge if Ripple’s valuation continues to rise. This makes the $300 million fund not just a lucrative step for VivoPower, but also a beacon of potential for Ripple enthusiasts and institutional stakeholders.
Market Impact: VivoPower Stock Surge
The stock market has responded positively to this development, with VivoPower International’s shares surging by 13% to $2.88 and after-hours trading pushing the price to $2.91. This investor interest reflects confidence in the partnership’s potential and Ripple’s trajectory in the blockchain and DeFi spaces.
K-Weather and Other Collaborations
K-Weather, a renowned Korean company, has expressed interest in joining the fund. VivoPower is conducting due diligence to solidify this partnership as it reinforces its presence in South Korea’s fast-paced digital asset market.
How Ripple’s Progress Adds Value
With Ripple securing regulatory milestones such as an OCC banking license, institutions are increasingly confident in its future. This recognition enhances its credibility in the blockchain world, paving the way for initiatives like the VivoPower fund to thrive in emerging markets.
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