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- VivoPower launches $300 million Ripple fund targeting South Korean investors.
- South Korea’s growing interest in Ripple fuels institutional investment opportunities.
- Ripple’s regulatory wins boost confidence in VivoPower’s new investment fund.
VivoPower International has launched a $300 million fund aimed at institutional investors. The fund, approved by Ripple, offers exposure to Ripple’s equity. It targets large-scale investors, focusing primarily on South Korea.
The acquisition and sourcing of Ripple Labs shares will be done under Vivo Power, which is the digital asset arm of Vivo Federation. Ripple has already granted the initial issue of preferred shares. This will provide investors with an opportunity to gain through the growth of Ripple without necessarily having to buy XRP.
It will manage the fund along with Lean Ventures, a leading asset manager based in Seoul. Lean Ventures deals with the funds of the South Korean government and other institutions, offering good credibility to the project.
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South Korea’s Crypto Market and Ripple’s Growth Potential
The increased interest in Ripple-related investments in South Korea contributed to the establishment of the fund. According to Adam Traidman, a member of the advisory council in VivoPower, the country has had an investor appetite to Ripple that has been on the increase. South Korean investors also have a long-term growth prospect of Ripple, particularly when it has positive valuations in relation to the price of XRP in the market.
According to Chris Kim, Managing Partner at Lean Ventures, the demand for Ripple and XRP-based investments was high. The amenable crypto market and changing regulatory environment in South Korea have made it one of the major institutional investor hubs.
Ripple’s Regulatory Advancements Bolster Investor Confidence
Investor confidence has also increased with the recent regulatory achievements at Ripple. The firm has obtained an OCC banking license in the U.S., which has allowed it to become even more integrated with traditional finance. This action will increase the attraction of Ripple by institutional investors.
VivoPower anticipates that the fund will yield returns of $75 million in managerial and performance fees in a period of three years. These returns may increase in case the fund surpasses its target or the valuation of Ripple becomes higher. After the news, the stock price of VivoPower increased by 13 percent, which is a positive sign for the investor.
The VivoPower fund is a major move in Ripple’s approach to seek institutional investors and grow out of the retail market. The fund may open up a new opportunity in the digital asset market with the great backing of South Koreans and with the developments in the regulation of Ripple.
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