Arab Prince Launches First XRP Based Treasury, Software Engineer Says This Is the Real Deal

A recent tweet by software engineer and market analyst Vincent Van Code has drawn attention to a significant development in the digital asset space, highlighting the formation of the first XRP-focused treasury strategy by a publicly listed company. Van Code stated that an “Arab Prince launched first XRP based treasury,” emphasizing that this is not speculative, but a confirmed initiative. He further mentioned that the initiative involves a $120 million XRP acquisition, noting that the prince met with President Donald Trump and Ripple Board members. Van Code concluded by asserting the significance of the development and the strong conviction among those involved, writing: “They know. Just like we know. Never shaken, holding strong.” Arab Prince launched first XRP based treasury. Not rumours. This is the real deal. This is just one announcement you hear of. $120M to buy XRP, this Prince net with Trump and Ripple Board. They know. Just like we know. Never shaken, holding strong. #XRP … pic.twitter.com/JiRleW1SUE — Vincent Van Code (@vincent_vancode) May 29, 2025 VivoPower’s Strategic XRP Pivot This statement corresponds to an official press release by VivoPower International PLC (Nasdaq: VVPR), which has announced a private capital raise of approximately $121 million through the sale of 20 million ordinary shares at $6.05 per share. The offering, priced above the last market close, was spearheaded by His Royal Highness, Prince Abdulaziz bin Turki Abdulaziz Al Saud, Chairman of Eleventh Holding Company in Saudi Arabia. The capital raise also included participation from a range of prominent investors in the digital asset space, including the investment office of VivoPower Chairman Kevin Chin. VivoPower said it is launching the first XRP-focused digital asset treasury strategy by a publicly traded company, intending to contribute to the development of the XRPL ecosystem. The company intends to allocate a significant portion of the funds raised towards accumulating XRP and implementing blockchain-based financial applications. The move marks a broader shift in the company’s strategic focus, as it prepares to spin off its Tembo electric vehicle business and Caret Digital asset mining subsidiary. Prince Abdulaziz Confirms Long-Term Commitment to XRP Prince Abdulaziz commented on the initiative, describing it as a culmination of a decade of involvement in the digital asset sector and a long-term commitment to XRP. He explained that VivoPower was selected for its strategic emphasis on XRP and its active plans to support the XRPL ecosystem . The Prince confirmed that he met with President Donald Trump and his leadership group during their visit to Saudi Arabia, adding that the timing is appropriate for blockchain adoption in the Kingdom. He also expressed his intention to support VivoPower in its expansion within this domain. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Ripple Veteran Joins as Advisor In addition to Prince Abdulaziz’s role, the initiative includes the participation of Adam Traidman, a former Ripple board member and co-founder of various blockchain ventures. Traidman is investing in the offering and has joined VivoPower’s Board of Advisors as Chairman. He praised VivoPower’s XRP-focused strategy as a forward-thinking move that aligns with institutional momentum behind real-world blockchain applications. VivoPower’s Executive Chairman, Kevin Chin, welcomed the Prince’s leadership in the capital raise and reiterated the shared vision among investors focused on XRP. Chin, himself a long-term XRP holder, stated that the treasury strategy aims to scale benefits for both the XRP community and VivoPower stakeholders. He highlighted the practical value of XRP in addressing inefficiencies in cross-border payments . He expressed interest in deploying XRP-based solutions within VivoPower’s operations, specifically in its Tembo and Caret Digital units. Next Steps and Shareholder Approval The offering is subject to shareholder approval and standard closing conditions, with a meeting scheduled around June 18, 2025. The raised capital will primarily support XRP accumulation and ecosystem development, while also addressing corporate debt and operational costs. The transition solidifies VivoPower’s intent to become a dedicated XRP-focused digital asset treasury entity. This development represents a milestone in the institutional adoption of XRP and its underlying ledger technology. Vincent Van Code’s tweet drew direct attention to the political and corporate alliances involved, identifying key participants such as Prince Abdulaziz, President Trump, and members of the Ripple Board. His message emphasized that these actors share a collective understanding of XRP’s strategic potential. 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. Follow us on X , Facebook , Telegram , and Google News The post Arab Prince Launches First XRP Based Treasury, Software Engineer Says This Is the Real Deal appeared first on Times Tabloid .

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