VivoPower Raises $121 Million for XRP Treasury Backed by Saudi Royal

Nasdaq-listed VivoPower is launching an XRP treasury backed by $121 million in fresh capital. Saudi Prince Abdulaziz bin Turki Al Saud is supporting the initiative. 

If completed, it would mark the first time a public company adopts an XRP-centric digital asset strategy aimed at both treasury management and investment into the XRPL ecosystem.

Institutional Interest in XRP Continues to Grow

Shareholders are expected to vote on the plan around June 18, 2025. VivoPower intends to use the proceeds to buy XRP, invest in decentralized finance projects built on XRPL, reduce existing debt, and fund operations.

The company’s stock price rose 12% following the announcement. 

Meanwhile, Adam Traidman, former Ripple board member, has joined VivoPower as Chairman of its Board of Advisors. He is also personally investing in the initiative.

VivoPower Stock Price. Source: Google Finance

This move comes amid a wider shift in institutional interest around XRP. Earlier this month, CME launched XRP futures.

The product saw $25.6 million in trading volume during the first two days—exceeding initial volumes seen with Solana’s launch.

At the same time, Ripple CEO Brad Garlinghouse confirmed that trades involving XRP have begun on the Hidden Road platform.

VivoPower $VVPR Announces XRP-Focused Digital Asset Treasury Strategy and US$121 Million Private Placement Priced at US$6.05 Per Share, Above Last Market Closing Price Under NASDAQ Rules 𝗥𝗘𝗔𝗗 https://t.co/Tf10EkwbUy pic.twitter.com/u0U7ND5KfR

— VivoPower (@Vivo_Power) May 28, 2025

In April, Brazil became the first country to list an XRP ETF. The fund, called XRPH11, is issued by Hashdex and trades on the B3 exchange. 

In contrast, the US SEC has delayed decisions on several proposed XRP ETFs until late June.

Meanwhile, the SEC and Ripple lawsuit continue to stall. Ripple recently reached a settlement with the SEC, agreeing to pay $50 million, while $75 million from the initial fine will be returned to the company.

However, progress has slowed. On May 15, US District Judge Torres rejected the joint request for an indicative ruling. 

The judge dismissed the motion, citing procedural issues, and confirmed she would not consider it even if jurisdiction returned to her court.