VivoPower International PLC (Nasdaq: VVPR), a company focused on the development of energy solutions, will be deploying its new $121 million treasury, allocated to XRP. This investment comes after VivoPower’s successful private capital raise at $6.05 per share, exceeding their previous Nasdaq closing price. The funds were led by His Royal Highness Prince Abdulaziz bin Turki Abdulaziz Al Saud, with participation from a range of institutional digital asset investors and the Chairman Kevin Chin’s investment office. VivoPower is prioritizing XRP as a core treasury asset while also contributing to the development of the XRP Ledger (XRPL) ecosystem for decentralized finance (DeFi) use cases. The company is believed to be the first publicly traded firm to take such an approach.