VivoPower International PLC partners with Crypto.com to enhance its XRP treasury strategy, marking a significant step towards decentralised finance and blockchain-based financial solutions.

VivoPower International PLC has partnered with Crypto.com to enhance its XRP-focused treasury strategy, transitioning into a digital asset business. The partnership aims to improve VivoPower's digital asset management and give shareholders more ways to trade. Crypto.com will provide institutional-grade custody services for VivoPower's XRP reserves and help Caret Digital, VivoPower's power-to-X firm, with custodial services. The partnership also allows for easier trading of VivoPower's shares on Crypto.com's platform. VivoPower is positioning itself as the world's first publicly traded XRP-focused digital asset company, strengthening its position in the blockchain finance space.

VivoPower International PLC (NASDAQ: VVPR) has announced a strategic partnership with Crypto.com to bolster its XRP-focused digital asset treasury strategy. The collaboration aims to improve VivoPower's digital asset management and provide shareholders with more trading opportunities. Under the agreement, Crypto.com will offer institutional-grade custody services for VivoPower's XRP reserves and assist Caret Digital, VivoPower's power-to-X subsidiary, with custodial services. Additionally, VivoPower shares will be tradable on Crypto.com's platform, further enhancing liquidity and accessibility for investors [1].

Crypto.com's institutional-grade custody services, known as Crypto.com Custody, are designed to provide secure and scalable solutions for managing substantial cryptocurrency reserves. This partnership will enable VivoPower to ensure the safe and efficient management of its digital assets, a critical component of its evolving business model [2].

The partnership also aligns VivoPower with Crypto.com's extensive user base of over 150 million crypto-native users. This exposure will expand VivoPower's liquidity and potentially attract a broader shareholder base, bridging the gap between traditional finance and the digital asset ecosystem [3].

Furthermore, the collaboration reinforces VivoPower's XRP-centric strategy by providing liquidity for XRP and other digital assets. It also offers opportunities for participation in XRP restaking through Flare, a platform with which VivoPower already has a working relationship [4]. This strategic alignment adds credibility and value to VivoPower's blockchain finance operations.

The partnership underscores the increasing importance of crypto infrastructure providers in supporting traditional financial institutions and publicly traded companies exploring digital assets. The collaboration is expected to enhance operational efficiency and security while expanding access to a broader crypto ecosystem [5].

This strategic move comes after VivoPower's recent acquisition of a $100 million stake in Ripple, which was made possible following regulatory clarity from the U.S. Securities and Exchange Commission (SEC). This acquisition is part of VivoPower's broader strategy to position itself as a leading player in the digital asset sector [4].

VivoPower is positioning itself as the world's first publicly traded XRP-focused digital asset company, leveraging digital assets as part of its treasury management strategy. The partnership with Crypto.com is the latest in a series of strategic moves aimed at leveraging digital assets to drive growth and innovation in the blockchain finance space [5].

References:
[1] https://vivopower.com/news-and-insights/vivopower-selects-crypto-com-as-a-partner-to-support-digital-asset-treasury-strategy/
[2] https://www.ainvest.com/news/xrp-news-today-vivopower-partners-crypto-xrp-focused-digital-asset-strategy-2508/
[3] https://coingape.com/vivopower-partners-with-crypto-com-for-institutional-custody-of-xrp-treasury-assets/