Nasdaq-listed Vivopower partners with Crypto.com for institutional-grade custody of its XRP treasury assets, boosting blockchain adoption.
Listed on the Nasdaq, for the institutional custody of its digital assets, including XRP, Vivopower International has partnered with Crypto.com.
The move is made as the company accelerates its treasury diversification plan and prepares to benefit from the growing decentralized finance (DeFi) market.
Vivopower Chooses Crypto.com For Custody, Trading Access
According to a recent announcement, Vivopower has partnered with Crypto.com to offer safe, institutional-grade custody for its growing digital asset portfolio, including its treasury that focuses on XRP.
As per the agreement, Vivopower’s assets will be protected by Crypto.com Custody.
Additionally, they would provide a strong end-to-end solution tailored for high-net-worth and institutional clientele.
The company shares will be traded on the broker-dealer platform of Crypto.com as part of the partnership.
This would make the company’s shares easily accessible to institutional and ordinary investors. Users of Crypto.com will also benefit from increased XRP and other token liquidity.
Alongside this would be the chance to participate in the next XRP restaking via Flare Networks.
To strengthen their cooperation, these networks had previously inked a partnership agreement.
Eric Anziani, president of Crypto.com, highlighted the company’s goal of providing a safe, cutting-edge platform for managing digital assets.
Kevin Chin, the executive chairman of Vivopower, also mentioned the possibility of quicker worldwide growth and the substantial exposure to Crypto.com’s user base of 150 million.
@@@@@
Vivopower’s DeFi Integration, Strategic XRP Purchase
The collaboration follows Vivopower’s bold move to increase its XRP reserves.
The corporation had previously stated that it would buy $100 million worth of Ripple shares to properly secure the token at an expected price of $0.47.
This action is consistent with its primary objective of diversifying into blockchain-based financial products.
As previously stated, Vivopower and Flare Networks reached a $100 million agreement to use XRP.
This project aims to take advantage of DeFi’s revenue-generating capabilities.
Additionally, it will enhance the business’s approach to digital asset management.
Vivopower has officially established a treasury dedicated to XRP, making it one of the first publicly traded corporations to do so.
Up to $121 million has already been raised, and the money will be used to buy XRP.
Additionally, this would help expand the XRPL ecosystem for practical blockchain finance applications.
Furthermore, a $20 million XRP treasury initiative was announced by the vertical farming technology company Nature’s Miracle.
The revenues from equity financing will be used to establish a long-term reserve.
This pattern demonstrates the increasing trust that corporate treasuries have in XRP as a strategic reserve.
