VivoPower Partners with Crypto.com for Digital Asset and Mining Strategy

VivoPower International PLC has partnered with Crypto.com for institutional-grade custody of its digital assets and to support its blockchain growth strategy. Crypto.com's Custody service will enable VivoPower to store, oversee, and deploy its digital assets securely and efficiently. The partnership will also allow Crypto.com's licensed broker-dealer platform to list VivoPower's $VVPR shares for trading, broadening its investor base and providing access to its 150-million registered users.

VivoPower International PLC (NASDAQ: VVPR), a global sustainable energy solutions B Corporation, has partnered with Crypto.com to enhance its digital asset management and blockchain growth strategy. The collaboration will see Crypto.com providing institutional-grade custody services for VivoPower's digital assets, ensuring secure and efficient storage, oversight, and deployment. Additionally, VivoPower shares will be listed on Crypto.com's broker-dealer platform, expanding its investor base and providing access to Crypto.com's 150-million registered users.

The partnership leverages Crypto.com's Custody service, an institutional-grade offering designed for eligible institutions and high-net-worth clients. This service will support VivoPower's transition into an XRP-focused digital asset enterprise, facilitating the acquisition and management of XRP digital assets as part of its treasury operations. VivoPower's shares will be available for trading on Crypto.com's platform, potentially attracting a broader range of investors, including those with a strong interest in cryptocurrencies.

"Crypto.com was purpose-built for today and tomorrow’s market – being able to provide institutions a most comprehensive, safe and secure crypto platform for acquiring and managing digital assets," said Eric Anziani, President and Chief Operating Officer of Crypto.com. "We look forward to supporting VivoPower in its digital asset treasury strategy, and continuing to position Crypto.com as the destination of choice for institutional custody."

Kevin Chin, Executive Chairman of VivoPower, expressed his satisfaction with the partnership: "We are very pleased to have signed this partnership with Crypto.com to facilitate a listing for VivoPower on Crypto.com’s Stock platform, providing exposure to Crypto.com’s 150 million crypto native user base."

VivoPower's strategic transformation 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 partnership with Crypto.com is expected to enhance VivoPower's digital asset treasury strategy and Caret's digital asset mining operations.

References:
[1] https://www.morningstar.com/news/globe-newswire/9510872/vivopower-selects-cryptocom-as-a-partner-to-support-digital-asset-treasury-strategy
[2] https://www.investing.com/news/company-news/cryptocom-to-provide-custody-services-for-vivopowers-digital-assets-93CH-4185085