US-listed VivoPower partners with South Korean firm Lean Ventures to acquire Ripple equity.
Nasdaq-listed VivoPower (VVPR), through its digital asset arm Vivo Federation, has partnered with South Korean asset management firm Lean Ventures to raise $300 million to acquire a stake in Ripple Labs, serving South Korean institutional and accredited retail investors. Based on current XRP prices, this investment will indirectly provide exposure to approximately 450 million XRP tokens, valued at around $900 million. VivoPower has already received approval from Ripple to purchase its initial preferred shares and is in talks with existing institutional holders regarding additional acquisitions. (CoinDesk)
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