Crypto.com and VivoPower International PLC (NASDAQ: VVPR) announced that VivoPower has selected Crypto.com to be a partner to provide custodial support for the expansion of its digital asset treasury holdings strategy, as well as with regards to Caret’s digital asset mining strategy.
Crypto.com Custody, Crypto.com’s institutional-grade “custody offering, will provide the custodial services.”
Crypto.com Custody offers custody services “to eligible institutions and high-net-worth clients through a comprehensive, end-to-end solution with safety and security at its core.”
With this partnership, VivoPower’s shares “will be available for trading through Crypto.com’s broker-dealer, making it easier for crypto native retail and institutional investors to trade $VVPR through a digital platform.”
Through Crypto.com’s platform, shareholders will “benefit from liquidity for XRP and other digital assets, as well as access to upcoming XRP restaking via Flare, which VivoPower has partnered with.”
Eric Anziani, President and Chief Operating Officer of Crypto.com:
“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. We look forward to supporting VivoPower in its digital asset treasury strategy.”
Founded in 2016, Crypto.com is used by customers worldwide and is the industry participant focused on “regulatory compliance, security and privacy.”
Crypto.com claims it is committed to accelerating the “adoption of cryptocurrency through innovation and empowering the next generation of builders, creators, and entrepreneurs to develop a fairer and more equitable digital ecosystem.”
As noted in the update, VivoPower International PLC is undergoing “a transformation into the world’s XRP-focused digital asset enterprise.”
The Company’s new direction centers “on the acquisition, management, and long-term holding of XRP digital assets as part of a diversified digital treasury strategy.”
Through this shift, VivoPower aims to contribute to “the growth and utility of the XRP Ledger (XRPL) by supporting decentralized finance (DeFi) infrastructure and real-world blockchain applications.”