29-5-2025 – A striking alliance has emerged, intertwining US President Donald Trump with a groundbreaking $121 million treasury initiative anchored in XRP, sending ripples through the cryptocurrency landscape. This development underscores the growing allure of digital assets among global institutions and high-profile investors.
VivoPower International, a NASDAQ-listed energy company, has secured $121 million through a private share placement to pioneer a digital asset treasury strategy centred on XRP. Leading this audacious venture is His Royal Highness Prince Abdulaziz bin Turki Al Saud, a prominent Saudi investor with a deep-rooted interest in digital currencies, particularly XRP. The prince’s involvement lends significant weight to the initiative, reflecting a broader shift towards blockchain adoption.
The genesis of this strategy can be traced to a pivotal meeting between the Saudi prince’s delegation and President Trump’s leadership team during a recent visit to Saudi Arabia. In a public statement, Prince Abdulaziz revealed that the discussions galvanised his team’s conviction to advance the Kingdom’s engagement with digital assets. While the extent of Trump’s direct influence remains ambiguous, the timing of the meeting suggests it played a catalytic role in shaping this ambitious plan.
VivoPower’s move positions it as a trailblazer, poised to become the first publicly listed company to integrate XRP into its treasury reserves, mirroring a rising trend of firms fortifying their balance sheets with cryptocurrencies. The appointment of Adam Traidman, formerly of SBI Ripple Asia, as chairman of VivoPower’s advisory board further bolsters the initiative’s credibility. Ripple CEO Brad Garlinghouse has also hailed the development as a transformative milestone for the XRP ecosystem.
This convergence of institutional investment and geopolitical dialogue signals a maturing acceptance of digital currencies like XRP. For investors, the news casts XRP in a renewed spotlight, affirming its potential as a cornerstone of innovative financial strategies on a global stage.
BREAKING: 🇺🇸 The Saudi Prince (per his own quote) met with President Trump and decided the timing was right for an $XRP focused public company! 💥📈
THIS IS MASSIVE NEWS FOR XRP! https://t.co/L57EnifPbY pic.twitter.com/SFHRtqraC1
— Good Morning Crypto (@AbsGMCrypto) May 28, 2025
