Trident Digital Charts $500M XRP Treasury Plan, Signaling Shift in Corporate Crypto Strategy
In a bold step beyond the bitcoin-centric playbook, Singapore-based Trident Digital (Nasdaq: TDTH) has unveiled plans to raise $500 million to establish a corporate XRP treasury, potentially making it one of the first publicly traded companies to anchor its reserve strategy around Ripple’s digital asset.
The firm said in a Thursday press release that the funds will support a multi-tiered initiative: accumulating XRP for long-term reserve use, deploying it in yield-bearing protocols, and fostering partnerships with Ripple-aligned infrastructure and application developers.
The initiative is set to launch in late 2025, pending regulatory clearance. The company has tapped Chaince Securities, a U.S.-based investment advisor, to lead the capital strategy — which will include equity sales, private placements, and other structured financial vehicles.
Moving Beyond Bitcoin
CEO Soon Huat Lim framed the XRP treasury initiative as a natural progression in digital asset adoption among corporates.
“Digital assets are no longer peripheral,” Lim said. “We’re positioning Trident to be a forward-thinking participant in a rapidly digitizing global economy — where reserves are programmable, transparent, and yield-optimized.”
While bitcoin has dominated the corporate treasury landscape — with giants like MicroStrategy and Metaplanet making headline-generating bets — Trident’s approach represents a strategic expansion into alternative blockchain ecosystems, where real-world finance and tokenized infrastructure are beginning to converge.
The move could also broaden the conversation around what qualifies as a credible reserve asset in a post-dollar, multi-asset world.
