VivoPower Taps Crypto.com Custody to Secure $100M XRP Treasury
VivoPower has appointed Crypto.com Custody as its institutional partner to bolster its XRP treasury strategy. Through Crypto.com Custody’s multi-jurisdictional solution, VivoPower will secure storage and liquidity for a planned $100 million XRP purchase via BitGo. Additionally, Crypto.com’s broker-dealer platform will list VivoPower shares (VVPR), granting access to over 150 million users and expanding retail and institutional participation. The partnership also extends support to VivoPower’s Caret digital mining unit. Building on this, VivoPower plans to leverage Flare’s upcoming XRP restaking feature for additional DeFi yield. The deal cements Crypto.com Custody’s role as a leading institutional custodian and drives VivoPower’s transformation into a digital asset enterprise.
Bullish
This partnership drives immediate institutional demand for XRP by securing a $100 million purchase and expanding liquidity through Crypto.com Custody. In the short term, the influx of XRP demand and increased listing exposure should support price gains. Over the long term, integration with Flare’s XRP restaking and wider broker-dealer access for VVPR shares signals deepening institutional adoption and new DeFi yield opportunities on the XRP Ledger. These developments are likely to reinforce bullish sentiment and attract further capital into XRP.