Singapore-based Trident Digital Tech Holdings, a prominent Web3 and tech optimization firm listed on NASDAQ, has unveiled an ambitious plan to raise up to $500 million for a pioneering corporate XRP Treasury. Announced on June 12, 2025, this initiative aims to establish one of the first public companies to hold XRP as a core treasury asset, signaling a significant step toward mainstream cryptocurrency adoption.
The company intends to generate returns through staking and other yield-driven strategies while supporting the broader Ripple ecosystem. Trident also plans to collaborate with select infrastructure and application projects to reinforce its commitment to decentralized finance (DeFi), potentially driving innovation in blockchain-based financial solutions.
Despite the bold move, investor sentiment appears mixed. Following the announcement, Trident Digital’s shares plummeted by 38%, reflecting market uncertainty about corporate strategies focusing on alternative digital assets beyond Bitcoin, as reported by various financial news outlets.
This development comes amidst growing interest in XRP reserves, with Trident joining a wave of companies exploring cryptocurrency as a treasury asset. The $500 million target underscores the firm’s long-term vision for integrating blockchain technology into traditional finance models.
Industry analysts suggest that Trident’s treasury plan could pave the way for other public companies to diversify their holdings with digital currencies. However, the sharp decline in share price highlights the risks and volatility associated with such strategies in the current market environment.
As Trident Digital moves forward with its fundraising and treasury rollout expected later in 2025, the crypto community and investors alike will be watching closely to see if this gamble on XRP pays off, potentially reshaping corporate investment in digital assets.
Andrew Lee
