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ZyCrypto 2025-06-13 12:15:17

This Nasdaq-Listed Firm Is Building $500 Million Crypto Treasury With Ripple’s XRP

As companies and governments consider adding Bitcoin to their treasuries, Singapore-based Trident Digital is taking a different route — committing a whopping $500 million to establish what it asserts will be one of the world’s first corporate treasuries centered around Ripple-promoted XRP token. Trident Eyes $500 Million Raise To Buy XRP Nasdaq-traded Trident has announced that it is raising up to $500 million for its XRP treasury strategy. The tokens purchased by Trident will serve as the company’s long-term strategic reserves. “This initiative reflects our belief in the transformative potential of blockchain technology for capital allocation and cross-border value transfer,” Soon Huat Lim, founder and CEO of Trident, said in a statement. “Through this initiative, Trident aims to demonstrate how public companies can thoughtfully and responsibly participate in the ongoing development of decentralized finance.” Trident intends to use its XRP reserves to generate yield via staking and have a “deep engagement” with Ripple’s ecosystem instead of a mere buy-and-hold strategy. The company will launch the treasury in the second half of 2025, dependent on regulation clarity and market sentiment. U.S.-based Chaince Securities will act as a strategic advisor on the XRP treasury play. Trident plans to raise capital for the initiative through equity sales, private placements, and other structured financing instruments. CEO Soon described the effort as a novel bet on the role of cryptocurrencies in corporate capital management. “We see digital assets as key enablers in the evolution of the global financial landscape,” he opined, asserting that the initiative reflects Trident’s “commitment to transparency, strong governance, and strategic foresight.” The Bitcoin corporate treasury reserve has become quite popular in the cryptoverse. Michael Saylor’s Strategy (formerly known as MicroStrategy) pioneered the trend back in 2020, and publicly listed companies like Metaplanet and Semler Scientific have since emulated the firm’s BTC-buying master plan. Just a few companies have announced similar strategies with XRP. These include Chinese AI-focused automotive firm Webus, which is planning a $300 million treasury plan with the token; VivoPower’s forthcoming $100-million XRP-centric stockpile; and Wellgistics Health’s $50 million XRP reserve . If successful, Trident’s treasury would further strengthen XRP’s place among corporate-held crypto assets.

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