Prince Abdulaziz launches first XRP treasury company in Saudi Arabia with $100M bet

Nasdaq-listed VivoPower International PLC has secured $121 million to establish the first XRP treasury company in Saudi Arabia, backed by a $100 million commitment from Prince Abdulaziz bin Turki Abdulaziz Al Saud. The investment, channeled through his Eleventh Holding Company, is the largest single disclosed bet on XRP as a corporate reserve asset and positions Saudi Arabia as a pioneer in blockchain adoption.

“This isn’t just about holding XRP; it’s about building infrastructure for the future. Having discussed blockchain’s potential with President Trump during his recent visit, we believe Saudi Arabia must lead in this space,” said Prince Abdulaziz, a longtime crypto investor.

What’s special about the first XRP treasury company in Saudi Arabia?

According to an official statement, the first XRP treasury company in Saudi Arabia will deploy most of its funds to accumulate XRP and seed decentralized finance (DeFi) projects on the XRP Ledger. VivoPower’s executive chairman, Kevin Chin, called the move “transformational,” noting it aligns with Saudi Vision 2030’s tech diversification goals.

“We’re creating a blueprint for institutional adoption,” Chin told shareholders. “As the first XRP treasury company in Saudi Arabia, we’ll leverage XRP’s speed and low cost to streamline cross-border payments for our EV and energy subsidiaries.”

Analysts liken VivoPower’s strategy to MicroStrategy’s Bitcoin gambit—but with a twist. Unlike Bitcoin’s store-of-value narrative, XRP’s utility in payments could bridge traditional finance and blockchain.

Ripple veterans endorse the Saudi XRP play

The project has drawn support from Adam Traidman, former Ripple board member and SBI Ripple Asia co-founder, who joined VivoPower’s advisory board.

“This is a watershed moment,” Traidman said. “The first XRP treasury company in Saudi Arabia isn’t just holding assets, it’s proving XRP’s real-world use cases, from remittances to smart contracts.”

The announcement follows the White House’s March 2025 executive order naming XRP as one of five digital assets for the U.S. Strategic Digital Asset Stockpile—a detail VivoPower emphasized in its investor materials.

Market reactions and what’s next

Crypto Twitter erupted after the news, with analyst @nietzbux calling it “the most bullish XRP event since Ripple’s 2023 legal win.” Others noted the timing: Prince Abdulaziz’s meeting with President Trump, a vocal crypto advocate, hints at deeper U.S.-Saudi collaboration on blockchain.

Shareholders will vote on the deal by June 18, 2025. If approved, the first XRP treasury company in Saudi Arabia will hold a nine-figure XRP reserve, testing whether single-token treasuries can boost liquidity and institutional trust.

At press time, XRP traded at $2.28, up 12% since the announcement.

With Riyadh’s backing, the first XRP treasury company in Saudi Arabia could redefine how corporations and nations leverage crypto.