Nasdaq-listed VivoPower International PLC has secured a $121 million Regulation S private placement that will fund what it calls the world’s first publicly traded XRP-centric corporate treasury, a move spearheaded by His Royal Highness Prince Abdulaziz bin Turki Abdulaziz Al Saud, whose Eleventh Holding Company committed roughly $100 million to the round.
“We have been investors in the digital-asset sector for a decade and have been long-term holders of XRP,” Prince Abdulaziz said. “Having met with President Trump and his leadership group during their recent visit to Saudi Arabia, we believe the timing is appropriate for digital assets and blockchain technology to be rolled out in the Kingdom and we are delighted to be assisting VivoPower in this regard.”
Chin, himself an early adopter, told shareholders the influx “allows us to scale a publicly listed XRP-focused treasury company for the benefit of the community and VivoPower stakeholders alike,” adding that potential ledger-based payment rails could ease cross-border frictions faced by the firm’s electric-vehicle unit Tembo and power-to-X subsidiary Caret Digital.
The company intends to deploy “the majority” of proceeds to accumulate the token and to seed decentralized-finance projects on the XRP Ledger. Remaining funds will cut debt and supply working capital ahead of planned spin-offs of Tembo and Caret Digital, both targeted for completion before the end of the third quarter. Closing of the placement awaits a shareholder vote scheduled for 18 June 2025 and other customary conditions.
If shareholders ratify the raise next month, VivoPower will hold a nine-figure pool of the token on its balance sheet, providing the first real-time test of whether a single-token corporate treasury can reproduce—and perhaps broaden—the playbook that rewrote Bitcoin’s relationship with publicly traded capital.
At press time, XRP traded at $2.28.
