Darling, Ripple has given its seal of approval to a $300 million fund, courtesy of VivoPower and Lean Ventures, to dazzle South Korea’s institutional crowd. How utterly spiffing! 🥂
Well, well, well, what have we here? Ripple Labs, the darling of the crypto set, has waved its wand and approved a $300 million investment fund to expand its equity access in South Korea. VivoPower International, in a delightful pas de deux with Korean asset manager Lean Ventures, has launched this fund for the discerning investor with a penchant for Ripple and XRP-linked opportunities. How terribly chic! 💼✨
This little maneuver comes at a time when Asia is simply ravenous for structured crypto investment products, and Ripple, ever the social climber, continues its march into regulated financial markets. Bravo, old sport! 👏
Ripple’s Grand Approval: Shares and Such Nonsense
Ripple, with a flourish of its quill, granted written consent for the initial tranche of preferred shares, allowing VivoPower and Lean Ventures to proceed with their fund. Vivo Federation, the digital asset division of VivoPower, shall handle the sourcing and acquisition of Ripple Labs shares. How frightfully efficient! 📜🤝
VivoPower received approval from for an initial tranche of Ripple Labs shares.
With asset manager Lean Ventures, a new $300M fund has been created.
Investors to gain exposure to Ripple & XRP at a material discount to spot & target $75M in returns over 3 years.…
– 🌸Crypto Eri ~ Carpe Diem (@sentosumosaba)
Lean Ventures, based in the bustling metropolis of Seoul, will manage the fund and oversee investment operations. The firm already manages assets for both public and private Korean investors, lending the fund a certain air of credibility. How very reassuring! 🇰🇷💼
Ripple’s recent regulatory triumphs, including an OCC banking license in the U.S., have only heightened institutional interest in Ripple-related products. One can hardly keep up with the excitement! 🎉
VivoPower and its partners are now in negotiations with existing institutional shareholders to reach the $300 million fund target. One hopes they’re using their best silverware! 🍴
The Korean Market: A Strategic Darling
According to VivoPower’s Advisory Council Chairman, Adam Traidman, the Korean market is simply too strategic to ignore. He assures us that Korean investors will be able to acquire Ripple equity at more favorable pricing compared to XRP’s current market valuation. How kind of them! 🎁
Lean Ventures’ Managing Partner Chris Kim confirms that Korean institutions are positively smitten with Ripple-related investment vehicles. He attributes this demand to the ongoing developments in the Ripple network, including the XRP Ledger (XRPL) upgrade, which improves DeFi features and network stability. How marvelously progressive! 🚀
Even K-Weather, that darling of Korean companies, has expressed interest in joining the fund. VivoPower is conducting due diligence to acquire a 20% stake in K-Weather, further cementing its presence in South Korea’s crypto investment landscape. How ambitious! 🌧️💰
Related Reading: Mastercard Partners with Ripple, Gemini to Test RLUSD Stablecoin on XRPL
VivoPower’s $75M Windfall: Shares on the Rise
Following the fund announcement, VivoPower shares surged 13%, reaching $2.88, according to Yahoo Finance. The company estimates it could earn $75 million in revenue over three years through management and performance fees linked to the fund’s operations. How delightfully lucrative! 💸📈
💥BREAKING:
🇺🇸 VIVOPOWER TO ACQUIRE $300M IN RIPPLE SHARES VIA JV. AN XRP-FOCUSED STRATEGY.
– STEPH IS CRYPTO (@Steph_iscrypto)
Crypto analyst Crypto Eri notes that the fund’s structure could give investors exposure to Ripple equity and XRP at a potential discount to market prices. She also emphasizes that the fund’s three-year strategy aligns perfectly with Ripple’s ongoing network developments and increased institutional adoption, including recent RLUSD integrations. How wonderfully orchestrated! 🎻📅
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2025-12-14 06:48