Trident Digital Aims to Raise $500 Million for XRP Treasury
Trident Digital (TDTH), based in Singapore, aims to raise up to $500 million to establish a corporate treasury focused on XRP. Key points include:
- The funds will support long-term XRP holdings and yield-generating strategies via staking.
- The initiative will enhance Trident's involvement in Ripple’s ecosystem through partnerships with developers.
- The treasury is planned for deployment in the second half of 2025, subject to regulatory clarity.
- Chaince Securities will act as the strategic advisor for this initiative.
- The goal is to leverage digital assets for corporate capital management.
- If successful, the treasury would position XRP among a select few corporate-held digital assets.
Notably, while Bitcoin has seen adoption by companies like MicroStrategy, few public firms have pursued similar strategies with other cryptocurrencies.