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Anjali Belgaumkar
Anjali Belgaumkar
Author
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.
Reviewed by:
Qadir AK
Reviewed
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Jun 26, 2025 12:27 UTC
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VivoPower CEO Credits ‘XRP Army’ for $121M Treasury Move, Calls Bitcoin Treasuries Crowded
VivoPower becomes the first public company to adopt XRP as a treasury reserve asset after raising $121M in a private offering.
CEO Kevin Chin cites XRP’s DeFi potential, untapped treasury market, and strong global community as key reasons for the move.
VivoPower recently announced plans to become the first publicly traded company to adopt XRP as a treasury reserve asset. This decision came shortly after the company successfully completed a $121 million private offering, making headlines in both the crypto and business worlds.
Why XRP? The CEO Explains
In a recent interview with Tony Edwards, VivoPower’s CEO Kevin Chin opened up about why the company chose XRP over more popular options like Bitcoin, Ethereum, or Solana.
Chin shared that his belief in XRP isn’t new. He’s been following and investing in digital assets for years. But what really stood out, according to him, is XRP’s potential in the DeFi (Decentralized Finance) space. “I have genuine conviction in XRP and what it can do for markets,” Chin explained.
He also said that while Bitcoin treasuries have become common, with over 100 companies holding BTC in their reserves, the market for XRP is still relatively untapped. “We saw a gap in the market,” he added, hinting that VivoPower wanted to be the first mover in this space.
“I think there’s more than 100 Bitcoin treasury companies as well. We felt that it was quite crowded already. And there are people doing it very well in the markets already. Similarly, with Solana and ETH, there were already other players,” he said.
XRP’s Loyal Following Played a Role
Another reason behind the move was XRP’s strong and passionate global community, famously known as the ‘XRP Army.’ Chin admitted that the company has been part of this community and recognizes the influence and dedication of XRP holders worldwide.
A Big Win for XRP Adoption
This decision marks a big moment for XRP and its supporters. As more traditional businesses explore cryptocurrencies, VivoPower’s announcement could inspire others to look beyond Bitcoin and Ethereum, opening new opportunities for digital assets like XRP in the corporate world.
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FAQs
VivoPower’s CEO Kevin Chin chose XRP due to his conviction in its DeFi potential and because he saw an “untapped market” in XRP corporate treasuries, unlike the more “crowded” spaces for Bitcoin and Ethereum.
VivoPower’s pioneering decision could indeed inspire other traditional businesses to look beyond Bitcoin and Ethereum, potentially opening new opportunities and increasing corporate adoption for a broader range of digital assets like XRP.
Yes 
No 
