Overview
- VivoPower says Ripple approved an initial tranche of preferred shares as it negotiates further purchases from existing institutional holders.
- Lean Ventures plans a dedicated vehicle targeting South Korean institutional and qualified retail investors, citing gauged interest from firms such as K-Weather.
- The mandate equates to notional exposure of roughly 450 million XRP, valued at about $900 million at current prices, without buying tokens directly.
- VivoPower expects about $75 million in net economic returns over three years if the full $300 million mandate is achieved, reflecting a manager/originator, capital-light model.
- Public-market reaction to the announcement has been inconsistent across outlets, with reports citing both gains and declines in VivoPower’s share price.