In a major development shaking the crypto landscape, a Saudi prince, Abdulaziz bin Turki Al Saud, has reportedly executed a landmark $100 million investment in XRP. This move, initially reported by Times Tabloid, has drawn global attention as it signals deepening institutional and sovereign interest in the digital asset space.
According to the latest official announcement by VivoPower International PLC on its X account, the prince’s acquisition will happen through a strategic partnership with BitGo, one of the world’s leading digital asset custody providers. This collaboration ensures that the prince’s ambitious entry into XRP is securely handled, leveraging BitGo’s world-class infrastructure and treasury solutions.
BitGo @BitGo Enters Strategic Partnership with VivoPower $VVPR to Facilitate its Initial US$100 Million XRP Acquisition for Treasury Strategy
𝗥𝗘𝗔𝗗 https://t.co/wi4KosTMH0 pic.twitter.com/Tmm3OArx5E
— VivoPower (@Vivo_Power) June 2, 2025
BitGo’s Pivotal Role in Facilitating the Investment
BitGo’s reputation in the digital asset space cannot be overstated. As a global leader in digital asset custody, BitGo brings multi-signature security, regulatory compliance, and advanced treasury management capabilities, which are crucial for institutional investors.
The platform processes more than $1 billion in transactions monthly and is particularly geared toward helping institutional clients integrate crypto into traditional financial operations securely.
By partnering with VivoPower, BitGo has effectively provided the operational backbone to facilitate the prince’s $100 million XRP acquisition.
This collaboration marks a vital moment not only for the involved parties but also for the broader crypto market, demonstrating how institutional-grade custodianship can enable sovereign and high-net-worth investors to navigate the crypto industry.
VivoPower’s Expanding Crypto-Focused Treasury Strategy
VivoPower has been steadily advancing its digital asset strategy over the past year. Through its subsidiary, Tembo e-LV, the company has already made headlines by announcing that it would accept payments in Bitcoin (BTC), XRP, and Dogecoin (DOGE) for its electric vehicles. This progressive step reflects VivoPower’s belief in digital currencies as both a medium of exchange and a treasury reserve asset.
In its public statement, VivoPower emphasized that the prince’s XRP acquisition aligns with its broader treasury strategy: holding portions of reserves in digital assets while applying prudent market assessments and risk controls. This approach is designed to enhance the company’s financial flexibility and capture the potential upside in the fast-growing crypto sector.
Ripple’s Growing Global Footprint
The prince’s investment in XRP arrives at a time when Ripple, the company behind XRP, is rapidly expanding its global presence. Ripple has established numerous partnerships with financial institutions, payment providers, and fintech hubs worldwide to push the adoption of blockchain-based solutions.
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Notably, Ripple recently announced a collaboration with South Korea’s BDACS to strengthen institutional custody services for XRP and RLUSD, Ripple’s dollar-backed stablecoin. These global partnerships continue to strengthen XRP’s standing as a bridge currency for cross-border transactions, a role that significantly differentiates it from many other cryptocurrencies in the market.
Institutional and Sovereign Confidence in XRP
While retail investors have long been engaged with XRP, the entrance of sovereign players such as a Saudi royal into the ecosystem is a powerful endorsement. This investment signals growing confidence in XRP’s long-term utility, particularly for cross-border payments and liquidity management.
Moreover, it suggests that sovereign wealth, family offices, and institutional treasuries are increasingly looking to diversify into digital assets, recognizing them not only as speculative instruments but as essential components of modern financial portfolios.
A Landmark Moment for the Crypto Market
The BitGo-VivoPower partnership facilitating this $100 million XRP acquisition by a Saudi prince marks a watershed moment in the institutionalization of cryptocurrencies. It demonstrates how far the industry has matured, with sophisticated infrastructure now available to support even the most demanding investors.
As digital assets continue to embed themselves into global financial frameworks, such high-profile investments are expected to accelerate, signaling a new era where cryptocurrencies like XRP are no longer fringe instruments but foundational components of modern treasury strategies.
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 advised to conduct thorough 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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