VivoPower International PLC has partnered exclusively with BitGo to acquire and custody $100 million in XRP, marking a bold move in its transition to a decentralized finance strategy. The publicly traded company recently raised $121 million to fund the initiative. It will use BitGo’s 24/7 over-the-counter trading desk and institutional-grade custody platform to execute and safeguard the acquisition.
The deal positions BitGo as both primary trading desk and custodian for VivoPower’s XRP holdings, leveraging its deep liquidity, secure cold storage and robust execution infrastructure to manage large-volume trades in a compliant environment.
“We are proud to provide the comprehensive platform that companies like VivoPower need to enter the digital asset space with confidence – from seamless execution to industry-leading custody,” said Mike Belshe, BitGo’s CEO.
The announcement underscores BitGo’s growing role as a full-service digital asset platform for institutions, offering seamless execution, security-first custody and access to global liquidity pools through its OTC desk.
As part of its shift into digital finance, VivoPower has also filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for a public offering of ordinary shares. Investors can review the registration documents on the SEC’s EDGAR database at https://www.sec.gov/ or request a prospectus by emailing shareholders@vivopower.com or prospectus@chardan.com.
For finance professionals watching institutional adoption of crypto, the partnership represents a pivotal moment for XRP as a treasury asset and a clear signal that digital asset infrastructure is becoming essential in corporate finance strategy
