VivoPower Worldwide’s evolving “digital asset treasury” blueprint took heart stage in New York this week as Adam Traidman, the corporate’s Chairman of the Board of Advisors and a former Ripple board member, sketched out what he referred to as a “DAT 2.0” or “anti-DAT” playbook to build up XRP at a steep low cost whereas concurrently extracting on-chain yield.
Talking on the XRP Meetup NYC within the run-up to Ripple’s Swell convention—and in remarks shared by way of a clip by Crypto Eri (@sentosumosaba) on X—Traidman argued that the publicly listed “digital asset treasury firms” which ran scorching earlier this 12 months at the moment are buying and selling just like the investment-trust boom-and-bust of the early 2000s.
“Within the final 60 days or so, we’ve seen a number of and plenty of, truly, of the digital asset treasury firms collapse. Numerous the shares have been down by 80%, 90%. That is harking back to what we noticed within the early 2000s… Initially, they traded at a lot greater to their internet asset worth. And finally, they collapsed fully. And people firms will not be publicly traded anymore. To be completely trustworthy, the identical factor is occurring with DAT firms proper now.”
DATs are collapsing, based on the previous @Ripple board member.
VIVOPOWER has been BUYING $XRP publicity at 84% OFF by buying shares in @Ripple.
With the brand new Ripple $40B Valuation, the XRP low cost is successfully 59% off.
VivoPower Technique defined right here:… pic.twitter.com/ypSrGAgRsC
— 🌸Crypto Eri ~ Carpe Diem (@sentosumosaba) November 12, 2025
The XRP Treasury Firm 2.0
The response, he mentioned, is a second-generation assemble that acquires underlying publicity at a reduction as a substitute of paying token spot. “What we’re doing at VivoPower, and what I feel the longer term is, is that this type of second technology of DATs. I name it a DAT 2.0 technique. Some folks name it an anti-DAT technique, which is, as a substitute of shopping for the web asset at spot value, you purchase the web asset at an enormous low cost.”
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He used Bitcoin as an example how uncommon an “80% off” entry truly is—mining would possibly decrease unit price by 20–30%, however not by 80%. “How would you purchase Bitcoin at an 80% low cost right now? You’ll be able to’t… You would possibly mine it… and then you definitely would possibly be capable to get it at a 20%, 30% low cost by mining it… However how the hell are you going to get it for 80% off?”
The reply, in VivoPower’s case, is tied to Ripple. As Traidman put it, there’s a distinctive linkage between a non-public firm and the crypto asset that allows low cost seize by way of company financing constructions fairly than on-exchange purchases. “There’s 25 million cryptocurrencies on coinmarketcap.com. There’s just one that’s tied to a non-public firm that’s severely undervalued when it comes to its share value, and that’s XRP, due to Ripple, proper? And in order that’s the chance that we’re making the most of.”
Associated Studying
That is the core ordering of operations in his remarks: first, purchase XRP publicity at a claimed “84% off” by way of mechanisms that revolve round Ripple’s fairness and associated look-through economics; second, put the ensuing XRP to work on yield networks. Flare sits explicitly within the second step. “After which we work with our companions, like Flare, with a view to generate yield on these XRP property. And in order that’s basically shopping for XRP principally 84% off, after which investing it onto networks like Flare with a view to generate a yield.”
By emphasizing the sequencing—discounted acquisition tied to Ripple first, yield technology on Flare second—Traidman additionally addressed why this mannequin doesn’t rely in the marketplace assigning a premium to the working firm. “So it’s like a DAT 1.0 plus the two.0 technique, proper? And so the businesses on this mannequin don’t even must commerce at a premium to MNAV, like Saylor’s MicroStrategy does, as a result of by default, they’re making a living on day one. T plus one second, each greenback that will get put into our firm will get a foreign exchange return, proper? That’s solely accessible when you should buy the web asset at a reduction.”
At press time, XRP traded at $2.44.
Featured picture created with DALL.E, chart from TradingView.com
