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Ishika Kumari

VivoPower targets $300 million Ripple Labs equity fund as South Korea eases crypto rules

VivoPower International PLC plans, through its Vivo Federation unit and South Korean partner Lean Ventures, to set up an investment vehicle aiming to buy $300 million of Ripple Labs shares. The structure is designed to give VivoPower exposure to Ripple and XRP upside without using its own balance sheet, while South Korea's regulatory shift from 16 September allows crypto firms to qualify as venture companies.
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