XRP News Today: VivoPower selects Crypto.com for XRP treasury custody and expansion

VivoPower International PLC, a Nasdaq-listed sustainable energy solutions firm transitioning into an XRP-focused digital asset enterprise, has selected Crypto.com as its custodial partner for its XRP treasury strategy. The partnership enables the firm to leverage Crypto.com’s institutional-grade custody services to manage its digital assets and expand its exposure to XRP, the native asset of the Ripple network [1][2]. This move marks a strategic step in VivoPower’s broader digital asset management approach and reinforces its commitment to securing and scaling its XRP holdings [5].

Under the agreement, Crypto.com will provide secure custodial solutions across multiple international jurisdictions, supporting VivoPower’s ambitions for global expansion. Additionally, the firm’s shares will be listed on Crypto.com’s broker-dealer platform, exposing VVPR stock to the exchange’s 150 million user base. Kevin Chin, executive chairman of VivoPower, highlighted the strategic value of the collaboration, noting that it enhances visibility for the firm’s shares and strengthens its treasury operations [1][2].

This partnership follows another major custodial move in June, when VivoPower integrated BitGo to manage its digital assets, including shares in Ripple. BitGo has been assigned the role of custodian for the firm’s Ripple equity, while Crypto.com now manages its XRP treasury [4]. By utilizing multiple trusted custodians, VivoPower aims to ensure robust governance and operational flexibility in managing its expanding digital asset portfolio [5].

In June, the firm also announced a $100 million commitment to purchase privately held shares of Ripple, which could translate into a potential $696 million in XRP token value [3][6]. This acquisition was part of a larger strategy to increase its exposure to the Ripple ecosystem. Separately, VivoPower also plans to acquire 211 million XRP tokens at an 86% discount, a move that is expected to significantly enhance its token holdings and potentially boost shareholder value [4][6].

The company’s pivot toward XRP and digital asset treasuries aligns with broader industry trends where public companies are increasingly exploring crypto as a yield-generating asset. This includes firms like SharpLink Gaming and BitMine, which are moving into Ethereum, while VivoPower seeks to capture similar momentum as a U.S.-listed company with exposure to XRP [1]. The firm also expressed confidence in the long-term viability of Ripple and its blockchain applications, particularly in decentralized finance and real-world assets [1].

By integrating Crypto.com’s custody services and expanding its digital mining operations, VivoPower is enhancing its operational scalability and efficiency in managing its growing digital treasury. The firm’s strategy is not only focused on securing XRP but also on positioning itself as a leader in the convergence of traditional energy and digital finance [2].

The partnership is also expected to influence institutional perceptions of XRP and its potential for broader adoption. With Ripple expanding its network applications and partnerships, VivoPower’s alignment with the company signals strong confidence in its long-term growth potential [8].

Source:

[1]title1: VivoPower taps Crypto.com as custodial partner for XRP treasury strategy (https://crypto.news/vivopower-taps-crypto-com-as-custodial-partner-for-xrp-treasury-strategy/)

[2]title2: VivoPower Selects Crypto.com as a Partner to Support ... (https://crypto.com/us/company-news/vivopower-selects-cryptocom-as-a-partner-to-support-digital-asset-treasury-strategy)

[3]title3: XRP Jackpot? VivoPower's Ripple Deal Could Net $696-M ... (https://bitcoinist.com/xrp-jackpot-vivopowers-ripple-deal-could-net-696-m-in-tokens/)

[4]title4: VivoPower to Acquire 211M XRP At 86% Discount: Details (https://thecryptobasic.com/2025/08/11/vivopower-to-acquire-211m-xrp-at-86-discount-details/)

[5]title5: VivoPower selects Crypto.com for its crypto treasury ... (https://invezz.com/news/2025/08/12/vivopower-selects-crypto-com-for-its-crypto-treasury-holdings-and-mining-operations/)

[6]title6: VivoPower to Procure Underlying 211 Million XRP Position ... (https://news.futunn.com/en/post/60422348/vivopower-to-procure-underlying-211-million-xrp-position-worth-696)

[8]title8: Manuel - Vivopower signals aggressive confidence in XRP ... (https://m.facebook.com/manuel.guevarra.369210/photos/vivopower-signals-aggressive-confidence-in-xrp-securing-discounted-ripple-equity/743195898593621/)