Crypto.com partners with Vivo Power for custodial support in digital asset treasury holdings.
Crypto.com has announced a strategic partnership with VivoPower International (NASDAQ: VVPR) to enhance VivoPower's digital asset treasury strategy. Under this partnership, Crypto.com will provide institutional-grade custody services for VivoPower's digital asset holdings and support Caret's digital asset mining operations [1].
The collaboration will make VivoPower shares available for trading through Crypto.com's broker-dealer platform, providing access to their 150 million users. Additionally, shareholders will benefit from enhanced liquidity for XRP and other digital assets, including access to XRP restaking via Flare, VivoPower's existing partner [1].
Crypto.com Custody, Crypto.com’s institutional-grade custody offering, will provide the custodial services. This offering is designed to provide safety and security at its core, making it suitable for eligible institutions and high-net-worth clients [1].
The partnership aims to facilitate a listing for VivoPower on Crypto.com’s Stock platform, providing exposure to Crypto.com’s 150 million crypto-native user base. This move is expected to support VivoPower's digital asset treasury strategy and Caret’s digital asset mining business [1].
VivoPower, which is undergoing a strategic transformation into the world’s first XRP-focused digital asset enterprise, aims to contribute to the growth and utility of the XRP Ledger (XRPL) by supporting decentralized finance (DeFi) infrastructure and real-world blockchain applications [1].
The partnership underscores Crypto.com's commitment to accelerating the adoption of cryptocurrency through innovation and empowering the next generation of builders, creators, and entrepreneurs to develop a fairer and more equitable digital ecosystem [1].
References:
[1] https://www.stocktitan.net/news/VVPR/vivo-power-selects-crypto-com-as-a-partner-to-support-digital-asset-ca285yj5mesy.html
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