Singapore-based company Trident Digital has revealed plans to raise up to $500 million to create one of the world's first large-scale institutional treasuries focused on Ripple's XRP token. The initiative aims to incorporate XRP into corporate treasury and capital management strategies, emphasizing long-term holdings, staking research to generate yields, and deeper interaction with the Ripple ecosystem. Trident named U.S.-based Chaince Securities LLC as its strategic advisor. The launch of the XRP treasury is anticipated in the second half of 2025, pending regulatory approvals and market conditions.
Trident's CEO Soon Huat Lim highlighted the company's commitment to transparency and governance, viewing digital assets as crucial tools for transforming global finance and cross-border value transfer. The move by Trident follows growing interest from other companies, including Chinese firms Webus and VivoPower, eager to build XRP treasuries. Unlike Bitcoin, which has seen broader corporate adoption by firms like MicroStrategy, XRP corporate treasuries remain rare, positioning Trident’s effort as a pioneering development in the altcoin sector.