This initiative from Trident aims to build a significant XRP treasury, align with the Ripple ecosystem, and integrate into decentralized finance.
It reflects a growing trend in Asia, with companies like China’s Webus and VivoPower also announcing significant XRP-related investments.
Trident Digital Tech Holdings Ltd., a Singapore-based digital tech company, is gearing up to take a massive step into the digital asset arena, planning to acquire $500 million worth of Ripple’s native crypto XRP. The technology company will increase its capital by a combination of equity issuance, structured finance, and private placement.
Trident Digital Launches XRP Reserve Plan
Company officials say the capital will be deployed to acquire a massive XRP treasury, among the first big corporate collections of its kind. The project is a larger strategy of Trident to further integrate into decentralized finance and become aligned with the Ripple ecosystem.
The raised funds are expected to be deployed in the second half of 2025, subject to regulatory approvals and market conditions. It has engaged Chaince Securities LLC, a U.S.-based FINRA-registered broker-dealer to act as an advisor to the firm and to guarantee that all financial operations are carried out in accordance with the current regulations.
“This initiative reflects our belief in the transformative potential of blockchain technology for capital allocation and cross-border value transfer,” said CEO Soon Huat Lim. He added,
Through this initiative, Trident aims to demonstrate how public companies can thoughtfully and responsibly participate in the ongoing development of decentralized finance.
Instead of merely holding the Ripple cryptocurrency, the Trident will introduce staking protocols to earn returns on the XRP held reserves. The decision is also supposed to help increase operational synergy with the XRP Ledger and invest in its ecosystem.
As much as it was a daring venture into the digital assets, the announcement by Trident caused a stir in the financial markets. Shares of the company, TDTH, ended the day down in the double-digit percentage range as part of wider geopolitical turmoil. XRP price suffered a pullback in response to the news.
The plans of Trident reflect the trends in Asia, where businesses are currently shifting towards the XRP-focused policies. China’s Webus recently revealed a 300 million plan to create its own XRP treasury, as highlighted in our previous report. Moreover, VivoPower expressed its desire to become a digital asset company focused on the XRP Ledger with a $121 million investment in XRP. Also, public companies like Worksport, Hyperscale, and Wellgistics Health.
Ripple SEC Case Update & XRP ETF Optimism
Amid this announcement, the optimism in the XRP community is growing as Ripple and the U.S. Securities and Exchange Commission (SEC) filed a joint motion on June 12. They urged the U.S. District Court in Manhattan to lift the final injunction and free up the $125 million civil penalty that is now in escrow. If approved, the SEC would get $50 million, while $75 million would be refunded to Ripple.
This comes after a prior motion that was denied by Judge Analisa Torres, who felt that the earlier filing didn’t follow proper procedure. Thus, the subsequent motion was filed under Federal Rules 60(b)(6) and 62.1. If the case concludes, the chances of a spot XRP ETF launch surge, with Polymarket showing 89% odds of approval in 2025.
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