Listed company VivoPower partners with South Korea's Lean Ventures to acquire Ripple equity

According to TechFlow, on December 18, CoinDesk reported that Nasdaq-listed company VivoPower (VVPR), through its digital asset division Vivo Federation, has entered into a partnership with Korean asset management firm Lean Ventures. They plan to raise $300 million to acquire equity in Ripple Labs, providing services to Korean institutions and qualified retail investors.

Based on the current XRP price, this investment will indirectly gain exposure to approximately 450 million XRP tokens, valued at about $900 million. VivoPower has already received approval from Ripple to purchase the first batch of preferred shares and is negotiating additional acquisitions with existing institutional holders.