VivoPower corrects press release, confirms Prince Abdulaziz bin Turki's commitment.

VivoPower International PLC has issued a correction regarding its press release dated May 28, 2025. The correction is related to the spelling of the name of His Royal Highness Prince Abdulaziz bin Turki bin Talal Al Saud (House of Saud), who has confirmed his commitment to the project and investment. VivoPower is undergoing a strategic transformation into an XRP-focused digital asset enterprise, aiming to contribute to the growth and utility of the XRP Ledger.

VivoPower International PLC (Nasdaq: VVPR) has issued a correction to its press release dated May 28, 2025, regarding a significant $121 million private placement and XRP-focused digital asset treasury strategy. The correction specifically addresses the spelling of HRH Prince Abdulaziz bin Turki bin Talal Al Saud's name, who has confirmed his commitment to both the project and investment. The private placement is priced at $6.05 per share, which was noted to be above the last market closing price under NASDAQ rules [1].

VivoPower is undergoing a strategic transformation into an XRP-focused digital asset enterprise. The company aims to contribute to the growth and utility of the XRP Ledger (XRPL) by supporting decentralized finance (DeFi) infrastructure and real-world blockchain applications. The transformation includes the acquisition, management, and long-term holding of XRP digital assets as part of a diversified digital treasury strategy [2].

The investment led by Prince Abdulaziz will establish a dedicated XRP-based digital asset treasury within VivoPower. This bold strategy positions the company as a trailblazer among publicly traded firms, mirroring the high-profile Bitcoin treasury model pioneered by Strategy, but with a focused bet on XRP and the XRPL ecosystem [3].

Prince Abdulaziz’s remarks provide rare insight into the Saudi royal family’s investment philosophy regarding cryptocurrencies. While many global investors have focused on Bitcoin or Ethereum, the prince’s team has maintained a long-term XRP position, viewing the asset as uniquely positioned for real-world financial applications, particularly cross-border payments [3].

The prince’s backing of VivoPower reflects a growing institutional wave of interest in XRP that has gained momentum throughout 2025. Earlier this year, companies like Wellgistics Health announced plans to adopt XRP as part of their reserve asset strategies, while firms such as Worksport have explored similar moves [3].

With Prince Abdulaziz’s formal involvement, the signal to global markets is clear: XRP is increasingly seen not just as a speculative token but as an institutional-grade asset with tangible utility. This high-profile endorsement from a Saudi royal amplifies XRP’s credibility in global finance circles, particularly in the Middle East, where sovereign wealth and state-backed capital could further accelerate adoption [3].

References:
[1] https://www.marketscreener.com/quote/stock/VIVOPOWER-INTERNATIONAL-P-32645702/news/VivoPower-Announces-XRP-Focused-Digital-Asset-Treasury-Strategy-and-US-121-Million-Private-Placement-50113855/
[2] https://www.stocktitan.net/news/VVPR/correction-vivo-power-announces-xrp-focused-digital-asset-treasury-yrzpjd7an902.html
[3] https://timestabloid.com/saudi-prince-we-are-long-term-xrp-holders/