VivoPower and Crypto.com Expand XRP Treasury & Shareholder Access
VivoPower International PLC has partnered with Crypto.com to expand its XRP treasury and enhance shareholder access. Under the agreement, Crypto.com will serve as custodian for VivoPower’s existing XRP holdings—currently totaling 30 million XRP—and facilitate dividend distributions in XRP via its platform. Shareholders can open Crypto.com accounts to receive payouts directly in XRP, with options to convert to fiat or other cryptocurrencies. This initiative marks a significant advancement in corporate crypto treasury management, leveraging Crypto.com’s secure custody, compliance framework, and liquidity. By integrating XRP treasury operations with a mainstream exchange, VivoPower aims to streamline distribution, reduce transaction costs, and boost transparency in shareholder payouts. The partnership goes live in Q2 2024, positioning VivoPower at the forefront of blockchain-based dividend services and reinforcing the utility of the XRP ledger.
Bullish
This partnership is likely bullish for XRP and the broader market. Corporate adoption of XRP treasury solutions demonstrates institutional confidence and real-world utility, similar to how MicroStrategy’s Bitcoin strategy bolstered BTC’s credibility. By entrusting 30 million XRP to Crypto.com for secure custody and streamlined dividend distributions, VivoPower drives increased demand and circulation of XRP among retail investors. In the short term, announcement-driven buying pressure may lift XRP prices. Over the long term, integrating XRP treasury management with mainstream exchanges enhances liquidity, drives network usage, and signals to other firms that corporate crypto treasuries are viable—potentially sparking further institutional entrance and uplifting market sentiment.