Singapore-based Trident Digital (TDTH) is trying to elevate as much as $500 million to construct what it says will likely be one of many world’s first company treasuries centered round XRP.
The listed tech agency, which on Nasdaq, mentioned in a press launch that the fundraise will help long-term XRP holdings, yield-generating methods by way of staking, and deeper involvement in Ripple’s ecosystem by means of partnerships with infrastructure and utility builders.
Trident plans to deploy the treasury within the second half of 2025, pending regulatory readability. U.S.-based Chaince Securities will function strategic advisor on the initiative, which will likely be backed by a mixture of fairness gross sales, non-public placements, and different structured capital instruments.
CEO Quickly Huat Lim framed the hassle as a forward-looking guess on the function digital belongings can play in company capital administration.
“We see digital belongings as key enablers within the evolution of the worldwide monetary panorama,” he mentioned, including that the transfer displays Trident’s “dedication to transparency, sturdy governance, and strategic foresight.”
If profitable, the treasury would place XRP in uncommon firm amongst corporate-held digital belongings.
Whereas bitcoin has seen widespread adoption by companies like MicroStrategy and Metaplanet, only a small handful of public firms have pursued comparable methods with different tokens up to now.
