Nasdaq-listed company VivoPower (stock code: VVPR) is expanding its Ripple-related strategy through a new joint venture aimed at acquiring RippleLabs shares worth hundreds of millions of dollars, allowing investors indirect exposure to nearly $1 billion worth of underlying XRP assets. The company stated in an announcement released on Tuesday that its digital assets division, VivoFederation, has been entrusted by Korean asset management firm LeanVentures to initially purchase RippleLabs equity worth $300 million. Based on the current XRP price, VivoPower estimates that this equity represents approximately 450 million XRP tokens, valued at about $900 million. However, this structure does not involve a direct purchase of XRP. Instead, LeanVentures plans to establish a dedicated investment vehicle to hold the RippleLabs shares acquired by VivoFederation, targeting institutional investors and qualified individual investors in Korea.

VivoPower said it has obtained Ripple's approval to purchase the first batch of preferred shares and is negotiating further acquisitions with existing institutional shareholders. Under this arrangement, VivoPower will not invest its own balance sheet funds but will generate income through management fees and performance shares. If the initial $300 million entrusted scale is achieved, the company aims to realize a net economic return of $75 million within three years.