VivoPower and K-Weather agree to XRP Reserve and WeatherCoin Project

VivoPower International PLC (Nasdaq: VVPR) has recently entered into a significant partnership with Kweather Co., Ltd., a prominent weather data company in South Korea. This exclusive agreement, though not legally binding, seeks to establish a definitive partnership document by the end of November 2025. As part of this cooperation, VivoPower’s digital assets division, Vivo Federation, plans to invest $5 million in KWeather, acquiring approximately 20% ownership in the company.

KWeather, founded in 1997 and publicly listed on KOSDAQ since 2024, is recognized as South Korea’s largest provider of weather data services. With a predominant market share in the weather industry, KWeather focuses on offering weather and air data as a service (DaaS) along with air quality measurement and enhancement solutions to its clients.

The collaboration between VivoPower and KWeather is aimed at creating a revolutionary impact on the climate risk management landscape. By utilizing KWeather’s extensive data resources and VivoPower’s expertise in digital asset treasury, the partnership intends to introduce the world’s first WeatherCoin token. This innovative token, functioning as a weather derivative instrument, is envisioned to revolutionize climate risk management practices by leveraging blockchain technology and tokenization strategies.

The strategic significance of South Korea as a market for Vivo Federation cannot be understated, particularly considering the country’s substantial XRP holdings by volume and value globally. Through this partnership, VivoPower aims to become a major shareholder in KWeather, contributing value through its representation on the company’s board of directors. Additionally, the involvement of Adam Traidman, a former member of Ripple Labs’ board, in this venture highlights the strategic alignment of both organizations towards blockchain innovations and tokenization strategies.

Kevin Chin, Executive Chairman of VivoPower, expressed his enthusiasm about the partnership with KWeather and the potential opportunities it presents for both companies. Apart from the XRP-focused digital asset reserve, the collaboration intends to explore various applications of the WeatherCoin token, especially in the realm of risk management. The richness of KWeather’s data accumulated over several decades presents a unique opportunity for developing advanced blockchain solutions that cater to the evolving needs of climate risk management practices.

The definitive agreement between VivoPower and KWeather, as well as the subsequent cooperation, will be subject to customary closing conditions. While the terms of the partnership are yet to be finalized, both companies are committed to exploring the full potential of this collaboration to drive meaningful innovation in climate risk management solutions.

In conclusion, the partnership between VivoPower and KWeather marks a significant step towards leveraging blockchain technology and tokenization strategies to revolutionize climate risk management practices. By combining VivoPower’s digital asset expertise with KWeather’s extensive data resources, the collaboration aims to introduce groundbreaking solutions that can transform the landscape of climate risk management globally.