VivoPower Taps $121M to Build XRP-Powered Treasury and DeFi Stack
A $121 million investment led by a Saudi prince will support VivoPower’s shift to a digital treasury framework built on XRP and foster the growth of associated DeFi platforms.
Energy company VivoPower International has completed a $121 million private equity raise to fund its transition to a treasury model built around the XRP token.
A $100 million investment from His Royal Highness, Prince Abdulaziz bin Turki Abdulaziz Al Saud was the largest, with the balance coming from additional stakeholders and the chairman’s office, Kevin Chin. VivoPower’s London headquarters is now being restructured into an international digital asset holding company.
As part of its sweeping transformation, VivoPower is setting up an XRP reserve and launching decentralized finance projects powered by the XRP Ledger. This new capital model centers on storing the majority of assets in XRP—unlocking upside from the token’s price performance while reinforcing the infrastructure it’s built upon.
Additionally, the company is spinning off two core units: Tembo, which engineers electrification solutions for heavy vehicles, and Caret Digital, its green mining subsidiary. Both transitions are scheduled to complete by late Q3 2025, enabling a concentrated focus on blockchain innovation.
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Beyond building its XRP reserve, VivoPower plans to strengthen its balance sheet by paying down debt and supporting day-to-day operations. This added stability is seen as essential for scaling up its blockchain treasury vision. Investors responded enthusiastically, pushing shares up more than 30% before they leveled off at approximately $6.80.
XRP Backing Gains Momentum
The deal drew attention to the need for sustained backing of XRP holders. Prince Al Saud, a seasoned digital asset investor with more than a decade of experience, said he views VivoPower as a vehicle to elevate XRP’s influence on a global scale. Executive Chairman Kevin Chin stood firmly behind that vision, reinforcing their shared commitment:
As long-term holder of XRP myself, we all share a common vision and objectives with regards to how a publicly listed XRP-focused treasury company can be scaled for the benefit of the XRP community and VivoPower stakeholders alike.
VivoPower strengthened its strategic roadmap by appointing Adam Traidman, former CEO of SBI Ripple Asia and a Ripple board member, as Chairman of its Advisory Board. Known for his expertise in DeFi and XRPL-based systems, Traidman adds credibility to the company’s pivot toward blockchain-based treasury models.
What Lies Ahead
The transaction will be finalized pending a shareholder vote on June 18, 2025. Upon approval, VivoPower plans to execute its key strategic initiatives: accumulate XRP reserves, grow its decentralized finance (DeFi) team, and launch new applications on the XRP Ledger (XRPL).
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This evolution from a renewable energy firm to a blockchain-native holding company places VivoPower in uncharted territory—especially as it becomes the first public entity to choose XRP as its treasury backbone. In contrast to Bitcoin-focused players like Strategy, VivoPower is carving out a unique path toward Web3 integration.
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