Saudi Prince Abdulaziz bin Turki Al Saud has invested $100 million into XRP through a strategic partnership with publicly traded company VivoPower International PLC (NASDAQ: VVPR). In the wake of this notable development, a pseudonymous crypto journalist, known as Jungle Inc on X, has highlighted what this means for XRP and its teeming holders. VivoPower’s XRP-Focused Strategy VivoPower has successfully raised a total of $121 million in funding to implement what it describes as a comprehensive XRP-focused treasury and infrastructure strategy. Of this total, $100 million originates from Prince Abdulaziz, making his participation the most significant component of the fundraising round. This marks the first time a public company has officially committed to building its treasury operations around XRP rather than more established digital assets such as Bitcoin or Ethereum. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 According to Jungle Inc, VivoPower’s strategy includes allocating capital to directly purchase and hold XRP as a reserve asset . The company also plans to build new infrastructure on the XRP Ledger (XRPL) , which will support a broader pivot toward decentralized finance (DeFi) solutions. As part of its strategic shift, VivoPower is preparing to spin off certain legacy divisions to focus its operations exclusively on cryptocurrency and blockchain applications. Leadership and Strategic Appointments In a notable personnel move, Ripple veteran Adam Traidman has been appointed as advisory chairman to guide the company’s transformation. Traidman, who has experience in the XRP ecosystem, is expected to assist in VivoPower’s transition into a crypto-first corporate entity with a focus on XRPL-based applications. Institutional Implications and Market Perception Jungle Inc emphasized the broader implications of this initiative. He referred to the investment as a “royal-level endorsement” of XRP and stated that the development “proves XRP’s growing DeFi and treasury use case.” He also highlighted that this move could lead to increased institutional interest in XRP, similar to how MicroStrategy’s acquisition of Bitcoin catalyzed corporate interest in BTC during previous market cycles. The announcement presents a notable inflection point in XRP’s institutional narrative. Unlike other public companies that have thus far preferred Bitcoin or Ethereum for treasury allocation, VivoPower’s decision to center its capital strategy around XRP introduces a new precedent. The involvement of Prince Abdulaziz further distinguishes this investment by providing it with geopolitical and economic weight, particularly given Saudi Arabia’s broader interest in emerging financial technologies. Jungle Inc concluded by stating, “The XRP narrative just changed. Institutions are watching.” This statement reflects a growing perception among market observers that XRP may be entering a new phase of institutional relevance, driven by high-profile endorsements and a maturing use case within both treasury management and decentralized financial infrastructure. 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 advised to conduct thorough 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 X , Facebook , Telegram , and Google News The post Saudi Prince Drops $100 Million on XRP. Here’s What This Means for XRP appeared first on Times Tabloid .
