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VivoPower International PLC (VVPR) announced it has selected Crypto.com as a strategic partner to provide custodial support for its digital asset treasury holdings and Caret’s digital asset mining operations.
Under the partnership, Crypto.com Custody will offer institutional-grade custody services to VivoPower. The arrangement will also make VivoPower shares available for trading through Crypto.com’s broker-dealer platform, providing access to the company’s reported 150 million users.
The collaboration includes custody services across multiple international jurisdictions and access to liquidity for XRP and other digital assets. VivoPower shareholders will gain access to upcoming XRP restaking through Flare, with which VivoPower has an existing partnership.
"Crypto.com was purpose-built for today and tomorrow’s market – being able to provide institutions a most comprehensive, safe and secure crypto platform for acquiring and managing digital assets," said Eric Anziani, President and Chief Operating Officer of Crypto.com.
Kevin Chin, Executive Chairman of VivoPower, stated the partnership will provide "exposure to Crypto.com’s 150 million crypto native user base" and support the company’s "XRP-focused digital asset strategy, as well as Caret’s digital asset mining business."
VivoPower describes itself as undergoing a strategic transformation into an XRP-focused digital asset enterprise, centered on acquiring and holding XRP digital assets as part of a diversified digital treasury strategy. The company operates globally across the United Kingdom, Australia, North America, Europe, the Middle East, and Southeast Asia.
The information is based on a press release statement from the companies.