Ripple Labs Launches $300M Venture in South Korea, Expanding XRP Investor Opportunities
Lean Ventures, a prominent asset manager based in Seoul, has formed a significant partnership with Vivo Federation to establish a $300 million fund focusing on Ripple Labs shares. This innovative venture aims to offer South Korean retail investors a pathway to invest in XRP without necessitating direct purchase of the cryptocurrency.
Launch of New Ripple Labs Fund
Announced on December 12, this new investment vehicle is expected to enhance access to XRP for both institutional and retail investors in South Korea. The fund will be managed under the infrastructure of Vivo Federation, the blockchain division of VivoPower International PLC, which has recently secured approval from Ripple Labs to acquire an initial batch of preferred shares.
Details of the Investment
- Investment Amount: $300 million
- Target Returns: $75 million over three years
- Market: South Korea, the largest holder of XRP by value and number
Lean Ventures is actively engaging qualified South Korean investors, indicating a robust interest in digital asset exposure. The fund aims to provide Ripple Labs shares at a significantly reduced rate compared to current market pricing.
Strategic Importance of the Partnership
Adam Traidman, Chairman of VivoPower’s Advisory Council, emphasized the strategic relevance of this collaboration. He stated that their goal is to broaden investment opportunities in XRP and related products within the South Korean market. With interest steadily rising, this joint venture positions both firms to capitalize on the growing demand for digital assets.
Vivo Federation’s Role
As the digital asset wing of VivoPower, Vivo Federation is dedicated to exploring XRPL-based real-world blockchain applications. By forming this joint venture, they aim to facilitate greater investment in Ripple Labs shares and the XRP token itself.
The establishment of this dedicated investment vehicle marks a pivotal moment for the South Korean cryptocurrency market, fostering an environment where investors can access Ripple Labs shares and XRP at a favorable discount. This initiative comes in the wake of other developments in the cryptocurrency sector, including the anticipated launch of ETFs focusing on XRP by asset management companies like 21Shares in the United States.
