Trident Digital Tech Holdings, a web 3 -based company based in Singapore, said it will launch an XRP treasure (XRP) up to $ 500 million. In doing so, the company joins a crowd of others which, since May, have announced reserves of the cryptocurrency created by the undulations.
“This initiative reflects our belief in the potential transformer of blockchain technology for capital allowance and the transfer of cross -border value,” said Huat Lim, founder and CEO of Trident, in a press release. “Thanks to this initiative, Trident aims to demonstrate how public enterprises can participate in a thoughtful and responsible manner in the continuous development of decentralized finances.”
Rather than a simple purchasing and maintenance strategy, Trident plans to use its XRP reserves to generate a return thanks to the deployment of implementation mechanisms and to have a “deep commitment” in the RIPPLE ecosystem, according to the announcement. The start of the XRP reserve will occur in the second half of 2025, depending on regulations and market conditions.
On Thursday, on the day of the announcement, Trident’s shares fell 37.6% at the time of writing the present.
In December 2024, the company underwent a net income loss of $ 3.1 million, its revenues lowering from 91.4% in annual shift and operating expenses increasing by 101.3% over the same period.
Trident plans to raise capital for its XRP reserve by issuing shares, strategic investments and other financing instruments.
The company’s decision comes a handful of other companies have announced its intention to start XRP reserves. These include the Chinese IA company Webus, which will allocate $ 300 million to cryptocurrency; The next reserve centered on $ 100 million in Vivopower; and the XRP cash reserve of $ 50 million from Wellnistics Health.
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XRP joins Bitcoin and Solana has crypto reserve concentrations
With the rise of XRP cash reserves, cryptocurrency has become a focal point for other high-level cryptos such as Bitcoin (BTC) and Solana (soil), that certain companies have been amazing for months and in some cases.
The Bitcoin de corporate cash reserve has been well documented. The strategy, formerly Microstrategy, began the trend in August 2020, and companies such as Metaplanet and Semler Scientific have since followed suit.
The Solana Treasury Reserve gained popularity in 2025. Companies such as Defi Development, formerly Janover, and STRATEGIES SOL have acquired increasing quantities of soil, betting on the future success of the play.
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