VivoPower and Lean Ventures Launch $300 Million Joint Venture to Acquire Ripple Labs Shares
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VivoPower International plc and Lean Ventures have launched a $300 million joint venture to acquire Ripple Labs shares. Lean Ventures will create an investment vehicle for this purpose, while VivoPower's digital asset unit will manage the share acquisition. The venture aims to provide South Korean investors access to Ripple Labs shares and XRP at a discount, generating $75 million in fees for VivoPower over three years. This initiative allows VivoPower to benefit from Ripple Labs' potential growth without using its own capital.
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