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VivoPower International PLC has raised $121 million in a Regulation S private placement. These funds will be used to create the world’s first publicly traded XRP-focused corporate treasury. The round was led by Prince Abdulaziz bin Turki Abdulaziz Al Saud. The Saudi Prince committed $100 million through his Eleventh Holding Company.
Investors bought 20 million new shares at $6.05 per share, one cent above the previous close. VivoPower’s Executive Chairman, Kevin Chin, called the capital raise ‘transformational.’ He said it would support building an XRP treasury and launching a DeFi strategy on the XRP Ledger.
VivoPower will use most of the proceeds to buy XRP and support DeFi projects on the ledger. The remaining funds will go toward paying down debt and providing working capital. These steps will support planned spin-offs of Tembo and Caret Digital before the end of Q3 2025.
Prince Abdulaziz said he has been a long-time XRP holder. He met President Trump recently and believes this is the right time to expand digital assets in Saudi Arabia. Adam Traidman, former Ripple board member and co-founder of SBI Ripple Asia, joined VivoPower’s advisory board. He also invested in the placement.
A shareholder vote will be held on June 18, 2025, to approve the deal. If it passes, VivoPower will hold a nine-figure XRP reserve. Thus, creating the first corporate treasury based entirely on XRP. Analysts compared it to MicroStrategy’s strategy with Bitcoin.
XRP price is down by 4.57% to $2.18 on May 30, 2025. It currently boasts a market capitalization of $128.54 billion. The increased 24-hour trading volume of $3.42 billion, reflects strong investor interest amid Ripple’s new partnerships in UAE.
The XRP price chart as of 2.52 PM showed bearish sentiments:
The new Saudi Prince XRP deal means that after years of pressure from the SEC, Ripple is finally finding new ground in the UAE. The region has become a haven for its expansion. Ripple now holds a DFSA license and has partnered with Zand Bank and fintech firm Mamo.
Ripple is also powering a government-backed real estate tokenization project on the XRP Ledger. With strong local support, Ripple is turning XRP into a core platform for stablecoins, payments, and tokenized assets in the Middle East.
Also Read: Dubai Land Department (DLD) Launches UAE's First Tokenized Real Estate Project: Know More
