BitGo enters strategic partnership with VivoPower

BitGo and VivoPower (VVPR) International PLC announced a strategic partnership. VivoPower, having successfully raised $121M, will leverage BitGo as an exclusive over-the-counter trading desk to acquire XRP for its initial $100M acquisition of XRP tokens. VivoPower will exclusively leverage BitGo for both the trading of its XRP holdings through BitGo’s 24/7/365 OTC trading desk and holding of its assets through BitGo’s custody platform. “As a result, VivoPower is expected to benefit from BitGo’s liquidity, robust execution capabilities, and secure cold storage infrastructure,” the companies stated. Kevin Chin, Executive Chairman and CEO of VivoPower, said: “VivoPower is committed to driving value for our shareholders by building out a leading digital asset treasury strategy-a mission we plan to accomplish through partnerships with best-in-class digital asset leaders like BitGo. BitGo’s track record, combined with its institutional-grade, secure-by-design custodial and trading infrastructure, makes them the clear choice to execute and safeguard our treasury allocation.”