VivoPower International has launched a $300 million equity fund focused on acquiring shares of Ripple Labs, specifically targeting South Korean investors. The fund, established through a joint venture with Seoul-based asset manager Lean Ventures, received written approval from Ripple Labs for the purchase of preferred shares. Its primary goal is to provide institutional and qualified retail investors with exposure to Ripple's business growth without requiring them to directly purchase or trade the XRP cryptocurrency.
The operational framework involves VivoPower's digital asset division, Vivo Federation, sourcing and acquiring the Ripple shares, while Lean Ventures manages the fund and handles local investor outreach in South Korea. VivoPower is in ongoing talks with existing institutional shareholders to reach the full $300 million target. The company projects the fund will generate at least $75 million in management and performance fees over a three-year period.
The strategic focus on South Korea is driven by sustained high demand. Adam Traidman, chairman of VivoPower’s advisory council, highlighted strong Korean interest in Ripple's long-term prospects, suggesting equity exposure may offer more attractive valuations than current XRP prices. Lean Ventures Managing Partner Chris Kim confirmed the continued demand, citing the country's active crypto market and improving regulatory clarity. The initiative is also seen as aligning with Ripple's broader expansion strategy, including its multi-chain RLUSD (Ripple USD) stablecoin developments.
The market reacted positively to the announcement, with VivoPower's own stock price surging over 13% on the day of the news. The fund structure is positioned as a regulated avenue for gaining Ripple equity exposure, potentially reducing reliance on the volatility of the spot XRP market.
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