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VivoPower Nets $121M, Led by Saudi Prince, to Pioneer First XRP Treasury Model
- VivoPower raises US$121 million to launch the world’s first corporate treasury model anchored on XRP cryptocurrency.
- Strategic investment led by Saudi Prince aims to accelerate blockchain innovation and strengthen VivoPower’s XRP-focused initiatives.
- Funds will support DeFi development on the XRP Ledger, repay debt, and spin off non-core business units.
VivoPower International PLC (VivoPower), a Nasdaq-listed energy company, has secured US$121 million (AU$188.5 million) in a strategic capital raise to build out what it describes as the world’s first XRP-focused corporate treasury model. The capital raise was led by His Royal Highness, Prince Abdulaziz bin Turki Abdulaziz Al Saud of Saudi Arabia, who invested US$100 million (AU$155.8 million), VivoPower announced on 28 May 2025.
The company issued 20 million shares at US$6.05 each (AU$9.44), just above its last closing price. The raised funds will be used to establish a digital asset treasury anchored on XRP, the fourth-largest cryptocurrency by market value. Additionally, the company plans to fund a decentralised finance (DeFi) development team focused on the XRP Ledger (XRPL) blockchain and pay off existing debt.
After reviewing a number of listed vehicles seeking to embrace a digital asset treasury model, we selected VivoPower given its strategic focus on XRP and its objective to contribute to building out of the XRPL ecosystem.
His Royal Highness, Prince Abdulaziz bin Turki Abdulaziz Al Saud Related: XRP Ledger Recovers from Network Woes as XRP Tumbles Below $2.40
Exec Lauds Shared Vision For XRP-Focused Treasury Company
VivoPower’s Executive Chairman, Kevin Chin, called the investment “transformational”, stating that the company and its investors “all share a common vision and objectives with regards to how a publicly listed XRP-focused treasury company can be scaled for the benefit of the XRP community and VivoPower stakeholders alike.”
As part of its shift, VivoPower plans to spin off its electric vehicle unit Tembo and its digital asset mining arm Caret Digital by the end of the third quarter of this year. In parallel, VivoPower is undergoing due diligence on an acquisition proposal from Energi Holdings Limited.
Additionally, they announced the appointment of Adam Traidman as Chairman of its newly formed Board of Advisors. Traidman is an investor in the offering and a veteran in the digital assets industry, known for his roles with Ripple and SBI Ripple Asia.
VivoPower’s initiative to become the first publicly listed company with an XRP-centric treasury strategy is a forward-thinking move that reflects growing institutional conviction in real-world blockchain applications.
Adam Traidman, Chairman of VivoPower’s Board of Directors Related: Wellgistics Health Taps XRP’s Speed and Low Fees to Revolutionise Healthcare Payments
Author
Rachel Lourdesamy
Rachel is a freelance writer based in Sydney with experience within financial services, marketing, and corporate communications in the APAC region. An avid reader and a graduate of the University of Sydney, she covers topics including business, finance and human interest.
