Based on Coinrise, Ripple Labs has approved a $300 million investment fund led by VivoPower International to allow large and professional investors to buy shares in the company. The fund will be managed by Lean Ventures, a Seoul-based asset manager, and will focus on purchasing Ripple shares. The initiative is part of Ripple’s broader expansion strategy, including its multi-chain RLUSD plans. South Korea is central to this effort, with companies like K-Weather showing interest in joining the fund. Following the announcement, VivoPower shares rose 13%.
Ripple Approves $300M Fund for Institutional Investors
CoinriseShare
Summary
Ripple has approved a $300M fund for institutional investors, led by VivoPower International. Lean Ventures, a Seoul-based asset manager, will oversee the fund, which focuses on buying Ripple shares. The move aligns with Ripple’s multi-chain RLUSD strategy. South Korean firms like K-Weather are showing interest. TA for crypto suggests the risk-to-reward ratio is favorable for early entrants. VivoPower shares rose 13% after the announcement.
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