According to a December 18 report from Coindesk, VivoPower, the Nasdaq-listed energy-tech company, is expanding its XRP-related strategy via a new joint venture designed to secure a stake in Ripple Labs, enabling indirect exposure to XRP rather than a direct token purchase.

Under the proposed structure, Lean Ventures would establish an investment vehicle to hold Ripple Labs shares, with initial allocations targeted at Korean institutional buyers and eligible retail investors. Vivo Federation, the firm’s digital-asset arm, has reportedly won preliminary approval to acquire the initial preferred shares and is negotiating further stake acquisitions.

If realized, the deal would imply near-$900 million of XRP-equivalent exposure based on current pricing, but remains subject to due diligence and regulatory clearance. The arrangement highlights growing institutional appetite for regulated pathways to crypto exposure while avoiding direct token transfers.