The Nasdaq-listed company will use the exchange’s institutional custody services to secure its holdings and give investors easier access to its equity through Crypto.com’s trading platform.
The deal also links Vivopower to Crypto.com’s global network of 150 million users, boosting visibility for its XRP strategy while enabling future participation in XRP restaking through Flare Networks.
Both companies already have ties to Flare, a move aimed at building use cases around the token in decentralized finance.
Vivopower’s Executive Chairman Kevin Chin called the collaboration a major step toward accelerating the company’s international reach.
He noted that combining secure asset storage with expanded market access positions Vivopower to take advantage of new opportunities in the DeFi space, particularly in projects that integrate real-world finance with blockchain-based systems.
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The company has been rapidly building its XRP reserves, with plans to buy $100 million in Ripple shares at an implied price of $0.47 and an additional $100 million commitment to integrate XRP into blockchain-based revenue projects. It has already raised $121 million toward its goal, making it one of the first publicly traded firms with a dedicated XRP treasury.
The shift mirrors a growing corporate interest in XRP as a reserve asset. Nature’s Miracle, an agri-tech firm, recently announced a $20 million program to hold XRP long-term, underscoring the token’s rising role in institutional treasury diversification.
This trend signals that companies are looking beyond Bitcoin and Ethereum, with XRP increasingly being recognized for its potential in cross-border payments and enterprise blockchain adoption.
The post Crypto.com to Custody Vivopower’s Expanding XRP Holdings appeared first on Coindoo.
Source: https://coindoo.com/crypto-com-to-custody-vivopowers-expanding-xrp-holdings/