Trident Digital Targets $500M Raise to Launch One of the First Corporate XRP Treasuries

Singapore-based Trident Digital Holdings (Nasdaq: TDTH) has announced plans to raise up to $500 million to create what it calls one of the world’s first corporate treasuries anchored in XRP, the digital asset at the heart of the Ripple ecosystem.

In a press release issued Thursday, the publicly traded tech firm said the capital will be used to support long-term XRP accumulation, staking-based yield strategies, and strategic partnerships within Ripple’s growing infrastructure and application network.

The treasury initiative is expected to roll out in the second half of 2025, contingent on regulatory clarity. U.S.-based Chaince Securities will act as strategic advisor, with funding sourced through a mix of equity offerings, private placements, and structured capital instruments.

Betting on XRP as a Strategic Reserve Asset

CEO Soon Huat Lim described the move as part of Trident’s broader vision to integrate digital assets into modern capital management frameworks.

“We see digital assets as key enablers in the evolution of the global financial landscape,” Lim said. “This treasury reflects our commitment to transparency, strong governance, and long-term strategic positioning.”

If successful, Trident would become one of the first publicly listed companies to formally adopt XRP as a core reserve asset, following in the footsteps of firms like MicroStrategy and Metaplanet, which have taken similar positions with bitcoin.

While bitcoin continues to dominate corporate treasury allocations, XRP’s presence in this space has remained minimal — making Trident’s initiative a potential milestone in the diversification of institutional crypto holdings.