A growing number of public companies are making large investments in XRP, bringing total corporate commitments close to $1 billion. This trend shows rising interest in using blockchain-based assets as part of corporate financial strategies. Trident Digital Leads with Massive XRP Treasury Plan On June 12, Singapore-based Web3 company Trident Digital announced it aims to raise up to $500 million to create a corporate treasury based on XRP. CEO Soon Huat Lim said the move reflects the company’s strong confidence in blockchain technology. He believes it can transform how businesses manage capital and transfer funds across borders. Lim said this initiative will also guide how public companies can responsibly participate in decentralized finance (DeFi). Trident plans to earn returns on its XRP holdings by staking and using them within Ripple’s growing ecosystem. A Growing List of Ripple Treasury Adopters Trident Digital is not alone; other corporate companies have recently made similar moves. Webus International said it would raise $300 million through non-equity funding in May. This capital will be used to build an Ripple treasury for its global chauffeur payments system. VivoPower International recently raised $121 million in private funding to support its XRP-based treasury plan. The company has already invested $100 million in XRP on the Flare Network to broaden its digital asset portfolio. Likewise, US pharmaceutical logistics company Wellgistics secured a $50 million credit line for Ripple-related projects. These actions have brought total Ripple treasury commitments to $971 million, just $29 million away from the $1 billion milestone. These moves are coming as the XRP Ledger gains more traction. The open-source network now supports stablecoins like USDC and tokenized real-world assets. The team behind XRPL is also working to make it more compatible with other blockchains like Ethereum (ETH). At the same time, institutional interest is growing. The U.S. Securities and Exchange Commission (SEC) is reviewing several spot XRP ETF applications, including one from Grayscale. Others like ProShares are also planning to launch a spot XRP ETF . Experts say approval could boost institutional investment and increase XRP’s practical use. XRP Price Remains Flat Despite Activity Despite growing activity in its ecosystem, the coin’s price has stayed mostly flat. According to CoinMarketCap data , it is currently trading at $2.15, down 4.16%, and still 45% below its January peak of $3.80. However, the increasing number of companies holding XRP in their treasuries shows a shift in how businesses view blockchain assets. Firms are starting to treat blockchain assets not just as investments, but as important tools for business and finance. As corporate investments in the Ripple coin approach $1 billion, its adoption in global finance could grow. The post Corporate XRP Treasuries Near $1B as Institutions Embrace Crypto appeared first on TheCoinrise.com .
