VivoPower Dey Use Crypto.com Custody to Secure $100M XRP Treasury
VivoPower don appoint Crypto.com Custody as im institutional partner to boost im XRP treasury strategy. Through Crypto.com Custody’s multi-jurisdictional solution, VivoPower go secure storage and liquidity for planned $100 million XRP purchase through BitGo. Also, Crypto.com broker-dealer platform go list VivoPower shares (VVPR), wey go give access to over 150 million users and expand retail plus institutional participation. The partnership still extend support to VivoPower's Caret digital mining unit. Based on dis, VivoPower plan to use Flare’s upcoming XRP restaking feature for more DeFi yield. The deal confirm Crypto.com Custody as leading institutional custodian and push VivoPower’s transformation to digital asset enterprise.
Bullish
Dis partnership dey drive immediate institutional demand for XRP by securing $100 million purchase and aka expand liquidity through Crypto.com Custody. For short term, di influx of XRP demand and increase listing exposure go support price gains. For long term, integration with Flare’s XRP restaking and better broker-dealer access for VVPR shares dey signal deep institutional adoption and new DeFi yield opportunities for XRP Ledger. Dis developments fit strengthen bullish sentiment and attract more capital into XRP.