Singapore’s Trident Digital to Raise $500M for Corporate XRP Reserve

Trident Digital Tech Holdings, a Singapore-based digital firm, has unveiled plans to raise up to $500 million to establish an XRP reserve. The company describes this initiative as one of the world’s first large-scale corporate XRP treasuries. 

This strategic move positions Trident at the forefront of incorporating decentralized financial assets into treasury and capital management practices.

Trident Digital Eyes XRP Strategic Reserve

In a press release, Trident highlighted that the initiative will focus on the acquisition of XRP tokens as a long-term strategic reserve. It will also involve the deployment of staking mechanisms to generate yield. Additionally, the company plans to engage deeply within the Ripple ecosystem.

The firm will also collaborate with select infrastructure and application projects to reinforce its commitment to advancing decentralized finance. Trident plans to raise capital through a mix of equity issuances, strategic placements, and structured financing instruments. The firm appointed Chaince Securities LLC as a strategic advisor to structure and oversee the fundraising and execution. 

Soon Huat Lim, founder, chairman, and chief executive officer of Trident, expressed the company’s commitment to establishing an XRP reserve. He stated: 

“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, Trident aims to demonstrate how public companies can thoughtfully and responsibly participate in the ongoing development of decentralized finance.”

Notably, the XRP treasury is scheduled for the second half of 2025. However, its establishment is still subject to regulatory compliance and prevailing market conditions. 

XRP Sees Institutional Interest

While Bitcoin continues to dominate corporate reserves, XRP is emerging as a strong alternative. It appeals to businesses seeking to integrate blockchain technology into real-world payment solutions.

Last month, Webus International, a Chinese AI mobility firm, disclosed plans to raise $300 million for an XRP strategic reserve. The firm intends to raise the funds without selling company shares. Additionally, VivoPower International plans to create its own XRP holdings by utilizing funds from digital asset investors and key partners. 

Despite the increased interest, XRP’s market value is struggling to register significant gains. In the past 7 days, the asset surged by a slight 3.3% and has declined by 3.1% over the last day. 

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