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XRP Treasury News: Nasdaq-Traded Firm Eyes $500M Raise for Ripple Token
- The Singapore-based Nasdaq-listed company Trident Digital plans to secure up to $500 million by the latter half of 2025 to develop one of the first sizable corporate treasuries primarily composed of XRP.
- The initiative is driven by Trident's conviction that digital assets play a crucial role in advancing the global financial system and that blockchain technology can significantly enhance the management of capital and international value exchange.
- Trident intends to raise funds through a combination of stock offerings, targeted capital injections, and complex financial instruments while partnering with crypto foundations, institutional investors, and developers within the Ripple network, with strategic guidance from Chaince Securities LLC.
- CEO Soon Huat Lim highlighted the company’s forward-thinking approach, underscoring their dedication to openness, robust governance practices, and insightful planning as they leverage digital assets to transform the international financial system.
- If realized, Trident's XRP Treasury will be among the pioneering major corporate reserves dedicated to XRP, facilitating sustained holdings, yield generation through staking, and enhanced participation in decentralized finance as corporate interest in digital assets grows.
26 Articles
26 Articles
Trident Digital Aims to Create World’s Largest Corporate XRP Reserve
Key Insights: Trident Digital to raise $500M for large-scale XRP Treasury. XRP Ledger integrates USDC, enhancing DeFi and financial services. Trident partners with Chaince Securities for strategic XRP initiative. Trident Digital, a Singapore-based technology firm focused on digital optimization and Web 3.0 services, has unveiled a plan to raise up to $500 million for the creation of one of the world’s first large-scale corporate XRP treasuries.…
Trident Targets $500M XRP Reserve in Bold Institutional Crypto Play
Trident, a publicly traded company on Nasdaq, has announced its intention to invest heavily in XRP, aiming to build a strategic $500 million reserve in the digital asset. As institutional appetite for cryptocurrency assets continues to rise, the company stated this move is part of a broader diversification effort intended to capitalize on blockchain-based investment opportunities. According to official statements obtained by Dey There, the initi…
Key news points: The Realized Cap of XRP grew 4.2% in 30 days, well above the 1% of Solana, with a capital turnover that reflects a greater short-term appetite. Companies like Webus, VivoPower and Wellgistics allocated more than $470 million to XRP for treasury, to which Trident will add $500 million. Solana fell 9% in 24 hours and listed at $145.8, amid a profit take-over that caused liquidations of $1.180 million in the market. XRP once again …
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