VivoPower, a Nasdaq-listed company, has announced the first phase of its $200 million XRP treasury yield program, indicating its strategic shift toward digital assets.
First Phase of XRP Program
VivoPower has allocated $30 million to its XRP yield program as part of its broader plan for long-term acquisition and management of XRP assets. This move marks the company’s transition to a more digital treasury strategy. VivoPower operates globally with a presence in regions such as the UK, Australia, and Europe.
Growth in Institutional Demand for XRP
Recently, VivoPower announced the acquisition of Ripple shares, demonstrating its increasing commitment to XRP. The company has budgeted $100 million for Ripple shares. Additionally, VivoPower is collaborating with Flare, signing a memorandum of understanding to use their XRPFi framework in corporate treasury.
Future of XRP in Corporate Finance
VivoPower's integration of XRP into its treasury strategy highlights the growing role of digital assets in the corporate sector. With increasing interest from institutional investors, XRP is continuously becoming a vital element in corporate financial management.
VivoPower’s decision to leverage XRP underscores the growing interest in the globally recognized cryptocurrency and its potential in corporate finance.
