Trident Digital Tech Holdings, a Singapore-based company specializing in Web3, has announced plans to raise up to $500 million to build one of the first corporate XRP treasuries.
Plan to Raise $500 Million
Trident Digital Tech Holdings plans to launch the XRP Treasury in the second half of 2025, with Chaince Securities LLC serving as its strategic advisor. The initiative will focus on building long-term reserves of XRP, earning yield through staking, and actively working within the Ripple ecosystem.
Market and DeFi Partnerships
The company aims to partner with key DeFi projects to strengthen its role in the Web3 space. Funds will be raised through equity sales, strategic deals, and structured financing. Trident is already in discussions with crypto foundations and investors to secure beneficial partnerships and favorable XRP terms.
Significance for XRP and Corporate Economy
According to Trident CEO Soon Huat Lim, blockchain technology could be a game-changer for global finance. He expressed that this initiative demonstrates how public companies can responsibly shape the development of DeFi. He stated, "We see digital assets as key enablers in the evolution of the global financial landscape."
Initiatives like the establishment of a corporate XRP treasury reflect the growing interest of companies in cryptocurrencies and their potential as long-term financial assets.
