In a recent interview highlighted by crypto commentator Crypto Eri Carpe Diem on X, VivoPower CEO Kelvin Chin confirmed that a Saudi Arabian prince has been an XRP holder since 2017. This revelation comes amid VivoPower’s broader initiative to integrate XRP into its treasury strategy—a pioneering move that captures global attention.
VivoPower’s Bold XRP-Centric Strategy
VivoPower International PLC, a Nasdaq-listed clean energy firm, recently announced a groundbreaking private placement that raised $121 million. Its primary objective: to become the first publicly traded company with a treasury strategy centered on XRP. This capital infusion was largely led by His Royal Highness Prince Abdulaziz bin Turki bin Talal Al Saud, who committed approximately $100 million through Eleventh Holding Company.
CEO Kevin Chin emphasized the move’s significance for both VivoPower and the broader XRP community, stating that the company aims not only to acquire XRP but also to build decentralized finance (DeFi) solutions on the XRP Ledger (XRPL).
Exclusive #2🔊
Interview with @Vivo_Power
SCOOP🚨#XRP Holders: This company has a vision, beyond just "holding".
SCOOP🚨#XRP Builders: Capital allocated to builders to grow the XRPL Ecosystem.
👉POWERFUL strategy
👉Find them at @xrplapex 🇸🇬 #UtilityMatters
More Scoop Imminent pic.twitter.com/4yFGKJSlyj— 🌸Crypto Eri ~ Carpe Diem (@sentosumosaba) June 7, 2025
A Long-Term XRP Holder: The Saudi Royal’s Investment
In the interview, Chin recounted that when VivoPower explored potential partners for its XRP treasury initiative, they connected with a member of the Saudi royal family, who disclosed their early adoption of XRP, dating back to 2017.
This revelation aligned with the prince’s statement in the VivoPower press release: “We have been investors in the digital asset sector for a decade and have been long‑term holders of XRP”.
Strategic Timing and Political Context
This moment carries geopolitical resonance. Prince Abdulaziz’s support appears to be influenced by conversations during a recent meeting with U.S. political leadership, including President Donald Trump. According to the prince, those high-level discussions helped affirm that the present time is ideal for rolling out digital assets and blockchain solutions in Saudi Arabia.
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Adding weight to the strategy, the VivoPower capital raise echoes the playbook pioneered by Bitcoin’s advocacy through Strategy, the so-called “XRP for corporate treasury” vision. VivoPower is aiming to replicate such a treasury-led approach, now focused on XRP.
What Comes Next
A shareholder vote scheduled for June 18 remains a key pending step. If approved, VivoPower intends to allocate the bulk of the funds to XRP accumulation and development of XRPL-based DeFi applications, while also addressing corporate debt and supporting operations.
Broader Implications for XRP and Institutional Adoption
This development marks a significant milestone for XRP’s institutional narrative. It signals a departure from public companies favoring Bitcoin and Ethereum for treasury allocation, opening a new precedent with XRP as the focal asset. The engagement of a Middle Eastern royal investor, combined with high-level U.S. discussions, underscores rising geopolitical and financial interest in XRP.
For XRP holders and observers, VivoPower’s move, anchored by a committed long-term investor and Ripple ecosystem expertise, is poised to be a defining moment in crypto treasury diversification.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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