Trident Digital Tech to Raise $500M to Create One of the World's First Large-Scale XRP Treasuries

Nasdaq-listed tech firm Trident Digital Tech announced on June 12 its initiative to raise up to $500 million to create one of the world's first large-scale corporate XRP treasuries.

Nasdaq-listed tech firm Trident Digital Tech is planning to launch one of the world’s first large-scale corporate XRP treasuries as part of a broader initiative to raise up to $500 million, the company announced on June 12.

Trident will be working with Chaince Securities LLC, which has been appointed as its strategic advisor, to facilitate the integration of decentralized financial assets into mainstream treasury and capital management practices.

This move will see Trident at the forefront of an emerging trend that sees institutions engaging more deeply with cryptocurrencies in new avenues.

The initiative will see Trident actively acquire XRP tokens to be held as part of its long-term strategic reserves, deploy staking mechanisms to generate yield from these tokens, and engage more broadly with the Ripple (NYSE:NRIV) ecosystem.

The company will also be collaborating with select infrastructure and application projects in the broader decentralized finance space.

Trident joins a growing number of publicly listed companies that are adding digital assets to their strategic reserves.

The trend was largely started by MicroStrategy (Nasdaq:MSTR), which has been scooping up bitcoin (BTC) since 2015 and now holds more than 150,000 units of the world’s largest cryptocurrency.

While the majority of the companies have opted for bitcoin, a select few have chosen to invest in other digital assets, or altcoins.

Trident is one of the first to prioritize XRP for its treasury.

“As a public company, our commitment to transparency, strong governance and strategic foresight guides every decision we make. We see digital assets as key enablers in the evolution of the global financial landscape.

“This initiative reflects our belief in the transformative potential of blockchain technology for capital allocation and cross-border value transfer. Through this initiative, we hope to demonstrate how public companies can responsibly participate in the ongoing development of decentralized finance,” said Soon Huat Lim, Founder and CEO of Trident.

To fund this initiative, Trident plans to use a combination of equity issuance, strategic placements and structured financing instruments.

The company is also in discussions with several crypto foundations and institutional partners to secure favorable terms for token acquisition and to establish the necessary on-chain infrastructure for this undertaking.

The initial rollout of the XRP Treasury is expected in the second half of 2025, pending regulatory clearance and prevailing market conditions.

Trident will provide regular updates on the deployment milestones, governance frameworks and reporting standards used for this initiative, to ensure complete alignment with public company disclosure practices.