VivoPower has partnered with Lean Ventures in a $900M Ripple and XRP-linked deal.

Key receivers

VivoPower's Vivo Federation is partnering with Lean Ventures to launch a $300 million acquisition of Ripple Labs shares. The economic exposure of the deal is equivalent to the value of the XRP market, which is approximately $900 million.

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VivoPower has announced that its digital asset unit, Vivo Federation, has been awarded $300 million worth of Ripple Labs shares by Lin Ventures to the South Korean asset manager.

This means that Vivo Federation, on behalf of Lean Ventures, will arrange the purchase of 300 million dollars of private Ripple Labs shares, which will be held through an investment vehicle dedicated to investors.

The transaction represents an economic exposure equivalent to approximately 450 million XRP tokens, valued at approximately $900 million at the time of the announcement, according to VivoPower.

Under the arrangement, Vivo Federation will earn management fees and performance fees based on initial assets under management and target net economic profit of approximately $75 million over three years.

Linn Ventures expects to increase its assets under management. The company said it has already assessed interest from South Korean institutional and retail investors such as K-Weather.

The latest development follows VivoPower's partnership with Lean Ventures to acquire $300 million in Ripple Labs shares.