Trident Digital eyes $500 million XRP treasury in bold corporate crypto bet

Singapore-headquartered Trident Digital Holdings (TDTH), a Nasdaq-listed technology firm, has announced plans to raise up to $500 million to build one of the world’s first corporate treasuries based entirely on XRP. The company said in a statement that it intends to use the funds for long-term XRP holdings, staking strategies to generate yield, and to deepen its integration with Ripple’s broader ecosystem. The initiative marks a significant pivot in corporate digital asset management strategies, diverging from the Bitcoin-centric approach taken by most firms engaged in crypto treasuries. Trident aims to operationalise the XRP-based treasury in the second half of 2025, depending on regulatory approvals. Trident plans structured raise via equity and private capital The $500 million target will be raised through a mix of equity sales, private placements, and structured capital instruments, with the company tapping Chaince Securities, a United States-based advisory firm, to serve as strategic advisor on the fundraise. Trident did not disclose how much of the capital would be allocated directly to XRP acquisition versus staking and ecosystem development. However, it confirmed that a substantial portion of the funds would be committed to supporting infrastructure and application developers working within Ripple’s framework. According to CEO Soon Huat Lim, the initiative reflects Trident’s broader strategy to position itself as a long-term participant in blockchain-based finance. The company said the move also signals its belief in XRP as a stable, utility-driven digital asset suitable for treasury diversification beyond Bitcoin. XRP joins select group of treasury-held digital assets If completed, Trident’s treasury would place XRP in a rare class of corporate-held crypto assets. To date, Bitcoin remains the only digital asset widely held in corporate treasuries, with companies such as MicroStrategy and Metaplanet holding over 226,000 and 141 Bitcoin, respectively. By contrast, very few public firms have included altcoins like XRP in their balance sheets due to regulatory uncertainties, volatility concerns, and a lack of long-term utility use cases. Trident’s decision could set a precedent for other firms looking to diversify beyond Bitcoin while staying compliant. The company’s effort also comes as XRP’s regulatory status remains a subject of debate in the United States, following Ripple’s ongoing legal case with the Securities and Exchange Commission (SEC). Trident acknowledged the importance of “regulatory clarity” in the timing of its deployment, suggesting the treasury will only launch once key jurisdictional issues are resolved. Ripple integration central to long-term strategy A key component of Trident’s XRP treasury plan includes forging deeper ties with Ripple’s ecosystem through collaborations with infrastructure providers and app developers. While specific partners were not named, the firm said it would prioritise projects that promote scalability, compliance, and institutional use cases for XRP. The move may also help Trident position itself strategically in Asia-Pacific and global markets where Ripple has expanded its footprint. By becoming a major institutional participant in the XRP ledger, Trident could also benefit from potential appreciation in the asset’s value or increased on-chain utility over time. The announcement follows similar moves in adjacent sectors where digital assets are increasingly being used for yield generation, cross-border settlements, and treasury diversification. However, this is one of the first large-scale attempts to build an XRP-specific corporate treasury at this scale, setting Trident apart from crypto-native funds or speculative altcoin investments. The post Trident Digital eyes $500 million XRP treasury in bold corporate crypto bet appeared first on Invezz

Source: Invezz