Singapore-based tech firm Trident Digital Holdings (TDTH) has announced plans to raise up to $500 million to create one of the world’s first corporate treasuries built around XRP, the digital asset associated with Ripple.
In a press release, Trident revealed that the funding will be used to support long-term XRP holdings, develop yield-generating strategies such as staking, and deepen its role in the Ripple ecosystem through potential partnerships with infrastructure providers and application developers.
The initiative is scheduled for rollout in the second half of 2025, subject to evolving regulatory clarity. U.S.-based Chaince Securities will act as a strategic advisor, while the capital will be raised through equity sales, private placements, and other structured financing tools.
Trident CEO Soon Huat Lim described the move as a strategic investment in the future of digital assets.
“We see digital assets as key enablers in the evolution of the global financial landscape,” he said. “This reflects our long-term commitment to transparency, strong governance, and strategic foresight.”
If completed, Trident’s XRP treasury would place the company among a small number of public firms holding non-Bitcoin crypto assets as core financial instruments. While Bitcoin has been adopted by companies like MicroStrategy and Metaplanet, few public corporations have committed treasury holdings to alternative digital currencies like XRP.
