XRP News Today: Arab Prince Launches $120 Million XRP Treasury Strategy

An Arab prince has launched the first XRP-based treasury, marking a significant development in the digital asset space. Software engineer and market analyst Vincent Van Code highlighted this initiative, emphasizing that it is not speculative but a confirmed move. The treasury strategy involves a $120 million acquisition of XRP, with the prince having met with President Donald Trump and members of the Ripple Board. Van Code underscored the strong conviction among those involved, stating, “They know. Just like we know. Never shaken, holding strong.”

This development corresponds to an official press release by VivoPower International PLC, which announced a private capital raise of approximately $121 million through the sale of 20 million ordinary shares at $6.05 per share. The offering was led by Prince Abdulaziz bin Turki Abdulaziz Al Saud, Chairman of Eleventh Holding Company in Saudi Arabia, and included participation from various prominent investors in the digital asset space, including the investment office of VivoPower Chairman Kevin Chin.

VivoPower is launching the first XRP-focused digital asset treasury strategy by a publicly traded company, aiming to contribute to the development of the XRPL ecosystem. The company plans to allocate a significant portion of the funds raised towards accumulating XRP and implementing blockchain-based financial applications. This move signifies a broader shift in VivoPower’s strategic focus as it prepares to spin off its Tembo electric vehicle business and Caret Digital asset mining subsidiary.

Prince Abdulaziz described the initiative as a culmination of a decade of involvement in the digital asset sector and a long-term commitment to XRP. He explained that VivoPower was selected for its strategic emphasis on XRP and its active plans to support the XRPL ecosystem. The Prince also confirmed his meeting with President Trump and his leadership group during their visit to Saudi Arabia, noting the appropriate timing for blockchain adoption in the Kingdom. He expressed his intention to support VivoPower in its expansion within this domain.

In addition to Prince Abdulaziz’s role, the initiative includes the participation of Adam Traidman, a former Ripple board member and co-founder of various blockchain ventures. Traidman is investing in the offering and has joined VivoPower’s Board of Advisors as Chairman. He praised VivoPower’s XRP-focused strategy as a forward-thinking move that aligns with institutional momentum behind real-world blockchain applications.

VivoPower’s Executive Chairman, Kevin Chin, welcomed the Prince’s leadership in the capital raise and reiterated the shared vision among investors focused on XRP. Chin, himself a long-term XRP holder, stated that the treasury strategy aims to scale benefits for both the XRP community and VivoPower stakeholders. He highlighted the practical value of XRP in addressing inefficiencies in cross-border payments and expressed interest in deploying XRP-based solutions within VivoPower’s operations, specifically in its Tembo and Caret Digital units.

The offering is subject to shareholder approval and standard closing conditions, with a meeting scheduled around June 18, 2025. The raised capital will primarily support XRP accumulation and ecosystem development, while also addressing corporate debt and operational costs. This transition solidifies VivoPower’s intent to become a dedicated XRP-focused digital asset treasury entity.

This development represents a milestone in the institutional adoption of XRP and its underlying ledger technology. The political and corporate alliances involved, including Prince Abdulaziz, President Trump, and members of the Ripple Board, share a collective understanding of XRP’s strategic potential. The initiative underscores the growing institutional interest in digital assets and the potential for blockchain technology to revolutionize financial systems.