In a groundbreaking development, VivoPower International PLC, a Nasdaq-listed firm, has made headlines by unveiling what’s believed to be the world’s first XRP-centric crypto treasury strategy among publicly traded companies. This bold move signals a transformative moment for institutional adoption of XRP and shines a fresh spotlight on the digital asset, thanks in part to recent high-level connections involving U.S. President Donald Trump. VivoPower recently completed a $121 million private placement, led by Prince Abdulaziz bin Turki Abdulaziz Al Saud of Saudi Arabia . The shares were priced at $6.05, notably above their last Nasdaq close, reflecting strong investor confidence. According to the company’s announcement, the funds will be deployed to purchase and hold XRP, establish a dedicated digital asset treasury, accelerate the formation of a decentralized finance (DeFi) team, pay down corporate debt, and expand blockchain-related operations. Royal Backing and Strategic Trump Talks Boost Confidence What makes this deal particularly striking is its political and royal backdrop. Prince Abdulaziz, a long-time XRP supporter, recently met with President Trump and his team during Trump’s visit to Saudi Arabia. This meeting coincides with growing chatter around Trump’s proposed United States Digital Asset Stockpile, in which XRP is rumored to be one of the five core assets under consideration. Prince Abdulaziz expressed firm belief in VivoPower’s mission, emphasizing the importance of expanding the XRP Ledger (XRPL) ecosystem and scaling real-world blockchain applications. He pointed to this moment as pivotal for advancing global digital asset infrastructure, particularly within Saudi Arabia, and sees VivoPower as a central player in that evolution. Ex-Ripple Board Member Joins the Charge Adding further momentum to VivoPower’s XRP pivot, Adam Traidman, a former Ripple board member, has stepped in as chairman of VivoPower’s Board of Advisors. Notably, Traidman also participated in the investment round, signaling his strong confidence in the company’s vision. Traidman described the move as a visionary step that underscores the increasing institutional belief in XRPL’s capacity to deliver meaningful financial solutions. His involvement is expected to reinforce VivoPower’s integration of XRP into its operational and financial systems, paving the way for deeper blockchain integration across its business lines. Spin-offs and Global Expansion Plans VivoPower’s strategic shift is not limited to XRP adoption alone; it’s part of a larger corporate transformation. The company is preparing to spin off two of its major subsidiaries: Tembo, its electric vehicle arm, and Caret Digital, a power-to-X digital mining unit. According to Executive Chairman Kevin Chin, both spin-offs are on track for completion by the third quarter of 2025. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Chin highlighted how leveraging XRP could help resolve longstanding global payment challenges, particularly those encountered across VivoPower’s international footprint. Additionally, ongoing negotiations with Energi Holdings regarding a takeover bid for Tembo remain active, signaling continued strategic activity around the firm’s core assets. Rising Institutional Interest in XRP VivoPower’s bold XRP-centric strategy echoes a broader institutional shift toward the digital asset. Earlier this month, Wellgistics Health secured a $50 million credit line to integrate XRP as a reserve asset and a central element of its real-time payments framework, making it one of the first publicly traded healthcare companies to take such a step. Meanwhile, companies like Worksport have also hinted at intentions to use XRP as part of their reserve strategies. This wave of corporate adoption underlines the growing confidence in XRP’s potential as a long-term institutional asset. With high-profile figures like Prince Abdulaziz and advisors like Traidman at the forefront, and a political tailwind from figures like Trump, XRP is rapidly moving from the sidelines into the financial mainstream. As the “ Trump effect ” propels XRP into the limelight, the world watches closely to see just how far this surge of institutional momentum can carry the payments-focused token. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Donald Trump Effect Brings XRP to Limelight appeared first on Times Tabloid .
