VivoPower has activated its digital asset subsidiary, Vivo Federation, to structure a $300 million investment into Ripple Labs shares for South Korean asset manager Lean Ventures.
Announced on December 15, 2025, the transaction offers indirect exposure to Ripple’s XRP holdings while providing access to Ripple equity at an estimated discount to spot XRP prices.
The deal reflects growing demand from Asian investors for structured exposure to blockchain firms without direct token purchases.
How The Investment Vehicle Is Structured
The transaction is built around a joint venture between VivoPower and Lean Ventures, specifically designed for qualified South Korean institutional and retail investors. Rather than sourcing assets through public markets, the vehicle will acquire Ripple Labs equity directly from existing institutional shareholders.
The initial target is $300 million worth of Ripple shares, which VivoPower will originate and transfer into the investment structure.
Indirect Exposure To XRP Through Ripple Equity
According to the deal terms, the acquired Ripple shares correspond to an estimated 450 million underlying XRP tokens. At current market valuations, this exposure equates to roughly $900 million in XRP-linked value.
This structure allows investors to gain economic exposure to Ripple’s token ecosystem without purchasing XRP directly, potentially offering more favorable entry pricing relative to spot markets.
VivoPower’s Role And Revenue Model
VivoPower will act as the originator and manager of the transaction, sourcing shares and overseeing the structure without deploying its own capital. The company expects to generate approximately $75 million in management and performance fees over a three-year period.
This fee-based model enables VivoPower to benefit from the transaction’s scale while maintaining balance sheet flexibility.
Ownership Transparency And Oversight
Participants in the investment vehicle, along with VivoPower, will hold full legal ownership of the Ripple shares. The holdings will be formally recorded on Ripple Labs’ capitalization table, ensuring clear title and governance rights.
To reinforce transparency, an independent auditor will conduct quarterly reviews of the shareholdings, verifying asset ownership and alignment with the vehicle’s stated exposure.
Strategic Appeal Beyond XRP Price Exposure
The structure provides indirect access not only to XRP but also to Ripple’s broader business operations. This includes initiatives such as the RLUSD stablecoin and Ripple-owned infrastructure businesses like Metaco.
By gaining exposure through equity rather than tokens, investors may capture value across Ripple’s expanding ecosystem while potentially avoiding some of the volatility associated with direct XRP purchases.
Market Reaction And Broader Implications
Following the announcement, VivoPower’s stock price surged, reflecting investor interest in the firm’s expanding role in digital asset structuring. XRP itself has experienced recent price fluctuations, though the deal’s design emphasizes long-term exposure rather than short-term price movements.
The transaction highlights a growing trend toward structured crypto-equity products, particularly in regions where demand for regulated or indirect exposure remains strong.
