VivoPower Launches $300M Fund to Acquire Ripple Shares
- Ripple Labs authorized VivoPower International to establish a $300 million investment fund managed by Lean Ventures.
- The fund aims to provide institutional investors access to Ripple equity at discounted prices compared to XRP market valuations.
- VivoPower expects to generate at least $75 million from management and performance fees over three years.
- The fund’s credibility is enhanced by Lean Ventures, which manages assets for the South Korean government and private investors.
- VivoPower’s shares surged by approximately 13% following the announcement, reaching $2.88 per share.
This new investment vehicle will facilitate greater institutional participation in Ripple’s equity, particularly appealing to Korean investors eager for exposure to XRP. The strategic partnership with Lean Ventures is expected to bolster the fund’s credibility and operational effectiveness.
With the potential for significant returns and a growing interest in Ripple products, VivoPower is positioned for substantial growth as it targets a $300 million fundraising goal.(Source)
