Trident Digital Tech Announces $500M XRP Treasury Plan

Singapore-based Trident Digital Tech Holdings (“TDTH”) announced plans on Thursday to establish an XRP treasury, potentially holding up to $500 million of the cryptocurrency. The company appointed Chaince Securities LLC as strategic advisor and expects the rollout later this year, sources within the cryptocurrency industry confirm.

The Nasdaq-listed firm, whose XRP treasury initiative comes amid growing institutional interest in on-chain treasury management.

CEO Statement on Treasury Initiative: Trident founder, Chairman, and CEO Soon Huat Lim stated: “As a public company, our commitment to transparency guides every decision. We see digital assets as key enablers in the global financial landscape. This initiative reflects our belief in the transformative potential of blockchain technology.”

He added: “Trident aims to demonstrate how public companies can thoughtfully participate in decentralized finance.” The specific XRP treasury operations are expected to commence in the second half of 2025.

Market Impact: Shares of TDTH fell over 30% on the day of the announcement and are down more than 94% year-to-date.

XRP Treasury Trend? Rivals Also Allocate: While Bitcoin tops most corporate treasuries, a notable trend features multiple publicly traded firms allocating XRP recently.

Recent XRP Treasury Announcements:
* Healthcare firm Wellgistics Health announced plans for a $50 million XRP acquisition line.
* Travel firm Webus declared its intention to build a $300 million XRP treasury.

The stock market impact of Webus’ announcement was positive, contrasting with TDTH’s significant drop despite the similar treasury plans.

Market Snapshot: XRP trading at $2.20 is down approximately 3.5% day-to-date. A spokesperson for Trident was not immediately available for comment.