According to Wu Blockchain, VivoPower International (NASDAQ: VVPR) announced that its digital asset division, Vivo Federation, has signed a definitive $300 million joint venture agreement with licensed Korean asset management firm Lean Ventures. The partnership aims to establish a dedicated investment vehicle to acquire and hold shares in Ripple Labs. VivoPower has received approval from Ripple Labs to purchase an initial batch of Ripple Labs preferred shares and is in discussions with institutional shareholders for further acquisitions, targeting a total scale of approximately $300 million. Under the agreement, VivoPower is expected to generate around $75 million in economic benefits over three years through management fees and performance sharing, without utilizing its own balance sheet funds. South Korea is considered one of the largest strategic markets for XRP holdings. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=53613