VivoPower International partners with Crypto.com to enhance its digital asset treasury strategy, impacting their XRP-focused operations, effective immediately, enhancing exposure and global expansion through Crypto.com’s infrastructure.
The strategic move fosters cross-sector integration between digital and traditional assets, boosting liquidity and institutional participation, especially for XRP, with promising implications for share trading and asset security.
Crypto.com and VivoPower Partner for Treasury Enhancement
VivoPower Enhances Custody through Crypto.com Partnership
VivoPower International, a Nasdaq-listed sustainable energy firm, has partnered with Crypto.com to advance its digital asset treasury strategy. This move aims to enhance custodial support for VivoPower’s treasury and its subsidiary Caret’s digital asset mining operations.
Crypto.com has been selected to provide institutional-grade custody, ensuring improved asset security. The collaboration highlights streamlining digital and traditional finance as a strategic priority for both companies. This marks a significant evolution in their operational approaches.
Partnership Set to Boost Equity Liquidity
The partnership is expected to boost VivoPower’s global equity liquidity by expanding its access through Crypto.com’s platform. Increased liquidity may also benefit XRP holders, enabling greater participation in DeFi operations.
Financially, the move should enhance asset security and expand regulatory compliance across regions. Such strategies may fortify cryptocurrency infrastructure, addressing longstanding security and cross-border management concerns in digital finance.
Here’s a Twitter status update on partnership announcement.
Integration of Digital and Traditional Markets
Similar partnerships like Coinbase and BlackRock have historically led to increased institutional inflows and improved connectivity. These collaborations underline the potential to integrate digital asset markets with traditional equity markets.
Eric Anziani, President & COO, Crypto.com, said:
“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, and continuing to position Crypto.com as the destination of choice for institutional custody.”
Experts highlight that by adopting an integrated custody approach, both entities endeavor to position themselves strategically in the evolving digital asset landscape. Such measures could potentially enhance operational efficiency and global asset liquidity.
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