NASDAQ- Listed solar power company Vivopower International Plc on Friday increased by 32.12% to $ 5.10, after the company announced a plan to purchase shares, expanding its XRP-centered digital asset treasury treasury strategy.
This step, which follows two months of hard work, will see the shareholders to directed the shares of Vivopower Ripple Ripple, pending approval from Ripple from Ripple of Ripple of Ripple of Ripple. Fierce press release.
“Our portfolio construction strategy is to purchase a combination of shares and XRP tokens,” said Vivopover Executive Chairman and CEO Kevin Chinese.
In Vivopower, the first public will have to continue to receive the XRP (XRP) tokens directly before the first publicly listed American firm to provide exposure to investors for both equity and XRP.
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Vivopower taps bitgo, nasdaq for ripple share custody
To manage the strategy, Vivopower will work with Bitgo and Nasdaq Private Market for custody, Reple’s favorite partner for private stocks. An independent auditor will review its ripple holdings.
Ripple, who built 100 billion XRP in insept, has been burnt around 14 million tokens to date and 41 billion, mostly placed in Escro. Beyond the XRP, the company operates RLUSD StableCoin, Digital Asset Prime Broker Hidden Road, Custodian Metaco and Standard Detention and Trust and Staboin Payment Plav Rail.
Management of Vivopower argues that the joint strategy will reduce the average acquisition cost per XRP, which by $ 0.47, current market prices have an 86% discount, except for the price of its commercial lines.
For the company, every $ 10 million in Ripple shares, purchased trading estimated an estimated $ 5.15 per share in the price for vivopower shareholders, thinking on market volatility on this December.
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BDACS started institutional XRP custody in South Korea
On Tuesday, South Korean Crypto Custodian BDAC launched regulated regulated detained services for XRP after its February partnership with Ripple. This step takes advantage of an enterprise-grade solution, ripple detention, an enterprise-grade solution, to give institutions safe storage and management capacity for XRP.
Earlier this year, Ripple Labs participated with South Korean crypto Custodian BDACS to offer institutional custody support for the XRP and its dollar – supported Stabecoin, RLUSD.
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