XRP Treasury Gains $121M Boost from VivoPower’s Bold Move

XRP continues to attract institutional interest as renewable energy firm VivoPower signals its significant confidence in the digital asset. The company has announced a strategic initiative to establish a $121 million XRP treasury, further demonstrating how XRP is being embraced beyond the crypto native world.

VivoPower, globally recognized for its work in electric mobility and renewable energy, confirmed that this new treasury development aligns with its broader crypto-centric transition strategy. The funding for this ambitious plan will be raised through a private capital deal involving the sale of 20 million ordinary shares, each priced at $6.05—slightly above its recent market close of $6.04.

At the forefront of this round is Tembo, VivoPower’s rugged electric vehicle division, which targets mining and industrial applications. The XRP treasury is expected to complement Tembo’s business model by reducing cross-border payment frictions and introducing blockchain efficiencies into real-world operations.

This funding round features prominent backers, including institutional crypto investors, strategic stakeholders, and the investment arm of VivoPower’s Chairman Kevin Chin. One major figure participating is Prince Abdulaziz bin Turki Abdulaziz Al Saud, leading the charge toward integrating cryptocurrency into mainstream corporate treasuries.

The funds will be directed toward acquiring XRP and building infrastructure on the XRP Ledger (XRPL). This initiative is not a standalone effort—it supports VivoPower’s participation in larger governmental and financial sector shifts, reflecting interest in digital reserves that reportedly include XRP, Bitcoin, Ethereum, Cardano, and Solana.

In a parallel move to reinforce its blockchain transition, VivoPower has also appointed former Ripple executive Adam Traidman to its advisory board as Chairman. Known for his involvement in the Ripple ecosystem, Traidman’s entry emphasizes the growing crossover between traditional industries and blockchain-based financial infrastructures.

Traidman highlighted the maturity and enterprise-readiness of the XRPL technology, noting its scalability and its ability to meet the needs of real-world DeFi integration.

Chairman Kevin Chin echoed this sentiment, sharing that his company’s motivation stems from firsthand experience with the inefficiencies of traditional cross-border payment systems. According to Chin, integrating XRP into their business units—specifically within Tembo EVs and Caret Digital’s mining infrastructure solutions—provides a practical, blockchain-powered alternative for international finance.

As part of their strategy, VivoPower intends to use the XRP treasury not just as a financial hedge but to enhance core operations and settle corporate debt. The company has identified the XRPL’s decentralized architecture as a pivotal tool to reduce operational friction across its subsidiaries.

The completion of this private offering is subject to standard closing prerequisites, including shareholder approval. The vote is scheduled for June 18, pending which the new treasury and organizational structure will be formally enacted.

This deal positions XRP as a preferred digital asset for corporations looking at more than just token speculation. Instead, it shows a real application of ripple-powered blockchain settlements within traditional industries like transportation, mining, and renewable energy.

Related: Expert Advice: Sell XRP If You’re Confused

As businesses like VivoPower continue to embrace XRP, this could mark a growing trend where industrial sectors adopt Web3 technologies not only for innovation but also for operational efficiencies and financial management.