How a $300 mln Ripple fund revealed Korea’s crypto obsession

Crypto

How a $300 mln Ripple fund revealed Koreas crypto obsession

VivoPower International PLC has turned a standard joint venture into a strategic expansion play.

It now connects Seoul‘s institutional crypto markets with the private equity of Ripple Labs, one of the industry’s most prominent blockchain companies.

Additionally, its digital asset arm, Vivo Federation, has partnered with licensed South Korean asset manager Lean Ventures to create a dedicated investment vehicle.

This fund will target the purchase of $300 million in Ripple Labs shares, tapping directly into the strong retail and institutional demand for -linked assets.

The initiative will advance within South Koreas massive crypto market, a region often overlooked in Western coverage.

VivoPower X Ripple Labs

In this process, Seoul-based Lean Ventures will establish the dedicated investment vehicle and secure the capital.

This detail is crucial because it may involve firms like K-Weather, where VivoPower is finalizing a 20% stake, creating a potential synergy loop within its emerging South Korean ecosystem.

The deals most significant financial element is its fee structure.

Vivo Federation will receive a share of the management fees and performance carry, aiming to generate a net economic return of $75 million for VivoPower over three years.

Importantly, VivoPower gains full exposure to the future upside in Ripple Labs and its XRP holdings without committing any of its own balance-sheet capital, giving the company a capital-light path to substantial revenue.