Asian institutional buyers line up for XRP reserve

Trident Digital, a Singapore-based company, has announced plans to raise $500 million to create the world’s first large-scale corporate XRP reserve. It will involve holding, staking, and deeply engaging in the Ripple ecosystem over the long term to improve its decentralized finance strategy. The rollout of the XRP reserve is set to happen in the second half of 2025 after the regulators’ approval, and it is subject to the market staying stable. Trident plans to fundraise via equity issuance, strategic private placements, and structured financing. Trident Digital Tech Holdings Ltd (NASDAQ: TDTH), a Singapore-based Web 3.0 and digital transformation firm, has unveiled their plan to raise up to $500 million with the goal of establishing a XRP corporate treasury. Trident plans to fundraise via equity issuance, strategic… pic.twitter.com/1sLsHtt3xb — Bayberry Capital (@CapitalBayberry) June 12, 2025 The company has promised to give regular updates on how the reserves are being used, how governance is working, and how well they follow public exposure rules. Soon Huat Lim, Founder, Chairman, and CEO of Trident, said, “As a public company, we are committed to transparency, strong governance, and innovation. We believe digital assets are central to the future of global finance, and this initiative positions us to lead in that evolution.” Asian institutional buyers line up for XRP reserve Ripple’s XRP supporters are rejoicing as corporate reserve investments in crypto continue to grow. Soon, Huat Lim called the move a strategic transformation. He said, “This is not just a financial move—it’s a strategic transformation.” The Asian user base has continued to enlarge since recently. As reported by Cryptopolitan, Webus International Limited filed a Form 6-K with the SEC to ask for $300 million for an XRP-focused reserve. The company in Hangzhou set up a crypto reserve for payments made with Ripple after forming a joint venture with Samara Alpha Management. Webus plans to use XRP to make quick cross-border payments for its booking system and driver services. In addition, VivoPower, a business that makes renewable energy, wants to build up a $121 million XRP reserve, and BitGo has approved an initial investment of $100 million. Also, the company that lets travelers customize their car and tour services announced that it was renewing its partnership with Tongcheng Travel Holdings, one of China’s biggest online travel agencies, to grow their “Wetour x Tongcheng” charter lines. They said they planned to use the XRP Ledger to settle cross-border rides and driver payouts. Whales are not sitting on the sidelines, either. According to Santiment, wallets holding between one and ten million XRP have scooped up over two billion tokens since late last year. Meanwhile, Trident Digital Tech Holdings saw its stock collapse nearly 40% in early trading Thursday, falling from around $0.45 in the premarket to under $0.20. Financial institutions are still reluctant to use XRP Instead of SWIFT, the XRP Ledger is faster and less expensive. Banks can use the blockchain and XRP as a bridge currency to send money across borders with Ripple Payments. Banks and payment service providers using Ripple’s products will make more people want to buy XRP, making the token more valuable. However, not many banks use XRP as a bridge currency. It is risky to move money with crypto because of volatility. Ripple has made a stablecoin called Ripple USD to solve this problem. But when paying with Ripple USD, the transaction fees should be paid in XRP. These fees are small, and the extra demand for XRP is almost nonexistent. Therefore, financial institutions using Ripple Payments will unlikely be a material catalyst for XRP. Meanwhile, XRP has gone up 13% so far this year. As of June 12, its market value was $132 billion, and it’s worth $2.25 right now. One Wall Street expert believes that the cryptocurrency will be worth a lot more in three years. Standard Chartered’s Geoff Kendrick recently said that XRP would be bigger than Ethereum by 2028. For example, Ethereum is worth $335 billion on the market right now, so XRP would have to go up by almost 150% to hit that level. It would bring its price to $5.70. KEY Difference Wire helps crypto brands break through and dominate headlines fast

Source: Cryptopolitan