Vivropower, which is quoted at Nasdaq, has announced its decision to deploy $ 30 million as the first stage of its planned XRP Treasury Performance program of $ 200 million.
Vivopower, which was initially founded in 2014 and appears in Nasdaq since 2016 and has a global footprint that covers the United Kingdom, Australia, North America, Europe, the Middle East and Southeast Asia, is experiencing a change of digital treasury.
Vivopower, in this new change, has highlighted an approach to the acquisition, management and long -term possession of XRP digital assets as part of a diversified digital treasury strategy. Through this, Vivopower aims to contribute to the growth and utility of the LEDGER XRP (XRPL) by supporting decentralized finance infrastructure (DEFI) and real world block chain applications.
In this sense, Vivopower has collaborated with Doppler Finance to develop and operate institutional degree XRP performance programs in the XRP accounting book (XRPL). According to the association, Vivopower intends to assign capital in stages, the first stage of a total planned XRP implementation of $ 200 million.
XRP institutional demand grows
In August, Vivopower announced its acquisition of Ripple actions, as part of a strategic impulse to its digital assets treasury strategy focused on XRP, budgeting $ 100 million initial to buy Ripple shares of private property. Apart from this, Vivopower says that he will continue acquiring and maintaining XRP tokens.
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Last Friday, Flare announced that every blockchain, a company that quotes in the United States, has signed a memorandum of understanding to adopt its XRP (XRPFI) finance framework for corporate treasure performance.
The adoption of two public companies, including Vivopower International, indicates a change in the institutional adoption of XRP. At the time of writing, XRP increased 2.18% in the last 24 hours to $ 2.82.
