Singapore-based Trident Digital (TDTH) is pursuing a capital raise of up to $500 million aimed at establishing what it claims will be one of the first corporate treasuries focused on XRP. The company, which is publicly traded on Nasdaq, announced that the funds will help support long-term XRP holdings, develop yield-generating strategies via staking, and enhance its involvement with Ripple through partnerships with infrastructure and app developers. The treasury deployment is expected in the latter half of 2025, contingent on regulatory clarity.
U.S.-based Chaince Securities has been enlisted as a strategic advisor for this initiative, which will be financed through a combination of equity sales, private placements, and other capital strategies. CEO Soon Huat Lim framed the project as a significant move towards embracing digital assets in corporate finance. "We see digital assets as key enablers in the evolution of the global financial landscape," he stated, emphasizing Trident’s commitment to transparency and effective governance.
If successful, the XRP treasury would join a small group of digital assets held by corporations. While mainstream adoption of Bitcoin has been seen with companies like MicroStrategy, few public firms have similarly engaged in crypto strategies with altcoins.
U.S.-based Chaince Securities has been enlisted as a strategic advisor for this initiative, which will be financed through a combination of equity sales, private placements, and other capital strategies. CEO Soon Huat Lim framed the project as a significant move towards embracing digital assets in corporate finance. "We see digital assets as key enablers in the evolution of the global financial landscape," he stated, emphasizing Trident’s commitment to transparency and effective governance.
If successful, the XRP treasury would join a small group of digital assets held by corporations. While mainstream adoption of Bitcoin has been seen with companies like MicroStrategy, few public firms have similarly engaged in crypto strategies with altcoins.
