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- Vivo Federation to secure $300 million worth of Ripple Labs shares via a South Korean-backed fund.
- VivoPower expects $75 million return over three years without deploying its own capital directly.
VivoPower International, through its digital asset division Vivo Federation, has finalized a deal with Lean Ventures to secure $300 million worth of Ripple Labs shares. The agreement involves forming a dedicated investment vehicle managed by Lean Ventures, a licensed asset manager in South Korea. The firm handles portfolios for the South Korean government and other limited partners.
The new partnership allows Vivo Federation to take charge of purchasing and managing the Ripple shares. Formal approval has already been granted by Ripple Labs for the acquisition of an initial batch of preferred shares. Discussions are currently underway with institutional investors to expand this holding further.
Adam Traidman, who serves as Chairman of VivoPower’s Advisory Council, commented on the partnership by saying,
“We are delighted to have entered into this partnership with Lean Ventures, given its established status and reputation in South Korea.”
Korean Market Shows Surging Ripple Appetite
K-Weather, another South Korean firm, has shown its intention to participate in the fund. In November, we reported that the firm had signed a heads of agreement allowing VivoPower to take a 20% stake in the company. Vivo Power mentions that the company is in the final stages of due diligence on the K-Weather transaction.
According to Traidman, the South Korean market stands out due to its large XRP holdings, both by value and volume. He noted that this structure offers South Korean institutional and retail investors exposure to Ripple Labs shares and XRP at prices below the market rate.
Lean Ventures Managing Partner, Chris Kim, confirmed that investor demand in South Korea remains strong. He stated,
“There is significant appetite in South Korea amongst institutional and retail investors seeking to gain exposure to Ripple Labs shares. We are honored to be working with VivoPower and look forward to a longstanding and prosperous partnership.”
VivoPower Secures $75M Economic Upside
VivoPower is positioned to earn $75 million in management and performance fees over three years from this investment setup. The revenue model is structured around assets under management, without the company needing to invest its own capital.
This activity builds on earlier moves made by VivoPower to deepen its digital asset exposure. On October 1, the company raised $19 million through an equity offering at $6.05 per share, exceeding the market rate. Part of these funds will support digital asset expansion plans and help reduce existing debt.
VivoPower’s mining division, Caret Digital, is also expanding. On September 16, the company announced plans to increase its mining fleet. The tokens mined will be exchanged for XRP. According to VivoPower, this method allows the firm to obtain XRP at an estimated 65% discount compared to direct market purchases.
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