Lean Ventures has engaged VivoPower’s digital asset unit, Vivo Federation, to originate $300 million of Ripple Labs shares. This translates into approximately 450 million underlying XRP tokens with a current market value of approximately $900 million. Vivo Federation will receive a share of management fees and performance carry, targeting a net economic return for VivoPower of approximately $75 million over 3 years. Lean Ventures intends to establish a dedicated investment vehicle to acquire and hold an initial target of $300 million of Ripple Labs shares sourced by Vivo Federation.

VivoPower, listed on Nasdaq since 2016, operates globally with three business units: Tembo, Caret Digital, and Vivo Federation. Tembo focuses on electric solutions, Caret Digital on power-to-x solutions, and Vivo Federation on XRPL-based real-world blockchain applications. Lean Ventures has already received interest from qualified South Korean institutional and retail investors, including K-Weather.

Read more at GlobeNewswire: VivoPower to Originate 450 Million Underlying XRP Tokens