Trident Digital Tech Holdings, a Singapore -based and technological optimization -based web3 optimization company, announced a plan to collect up to $ 500 million to build one of the first large -scale corporate XRP treasures in the world. The XRP Treasury is expected to be launched in the second half of 2025, with Chaince Securities LLC appointed strategic advisor.
The match plan of $ 500 million – Strike, DEFI partnerships and launch of 2025
According to the press release, the initiative will focus on creating XRP’s long -term reserves, gaining performance by implementation and actively working in the Ripple ecosystem. The company also plans to associate with key defect projects to strengthen its role in the web 3 space. The funds will be collected through sales of action, strategic offers and structured financing. It is already in talks with the foundations and investors of cryptography to guarantee solid partnerships and favorable XRP terms.
Trident shares (TDTH) have dropped more than 30% on Thursday and are now down more than 95% in the past year. XRP also fell more than 5% today, currently negotiating at $ 2.12.
The CEO of Trident, Huat Lim, considers blockchain as a change of game for global finance, and said that this decision shows how public enterprises can play a significant and responsible role in the training of the world of Defi.
“We consider digital assets as key catalysts in the evolution of the global financial landscape. This initiative reflects our belief in the potential transformer of blockchain technology for capital allowance and the transfer of cross-border value, “he said.
XRP joins the big leagues
More and more companies are building XRP reserves. The Chinese AI Company Weeubs plans to invest $ 300 million, Vivopower sets up a reserve of $ 100 million and Wellgistics Health adds $ 50 million. XRP quickly joins Bitcoin and Solana as the first choice for corporate treasury bills. While Bitcoin was largely adopted by companies like Microstrategy, very few public enterprises have done the same with other tokens.
