VivoPower and Lean Ventures seek $300 million Ripple Labs equity stake
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VivoPower is partnering with Lean Ventures to acquire shares in Ripple Labs, indirectly providing investors with exposure to nearly $1 billion worth of XRP. This joint venture aims to seek $300 million in Ripple Labs equity for Korean institutional and qualified retail investors. VivoPower expects to earn $75 million over three years from management fees and performance incentives, without using its own capital.
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