Trident Digital Establishes Up to $500 Million XRP Treasury

SINGAPORE – Trident Digital Tech Holdings, Singapore’s Web3 technology company, announced plans to initiate a treasury reserve of up to $500 million in XRP (Ripple’s cryptocurrency). This initiative positions Trident among several firms accumulating the digital asset since May.

Founding CEO Soon Huat Lim stated, “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.”

Trident’s strategy moves beyond simple holding. The company intends to generate yield through staking mechanisms and actively engage within the Ripple ecosystem. The launch of the treasury is contingent upon regulatory clarity and prevailing market conditions, planned for the second half of 2025.

In reacting to the announcement on the day of disclosure, Trident’s market capitalization saw a significant drop, with shares falling approximately 37.6%.

Financially, Trident reported an adjusted net income loss of $3.1 million (approximately SGD 4.0 million) as of December 2024. During the same period, revenue experienced a steep 91.4% year-over-year decline, while operational expenses surged by 101.3%.

To finance its XRP treasury, Trident plans to deploy capital raising strategies, including share issuance, strategic placements, and other financial instruments.

XRP Targets Corporate Reserves Amid Growing Trend

Trident’s move highlights a burgeoning trend of companies allocating cryptocurrency assets to treasury reserves. Other recent entrants include:

• Webus, a Chinese AI company planning a $300 million XRP allocation
• VivoPower, announcing a future $100-million XRP-centric reserve
• Wellgistics Health, establishing a $50 million XRP treasury reserve

Related: Report Claims Trump Manipulated Into Proposing XRP Crypto Reserve

The interest in XRP as a corporate treasury asset follows broader initiatives with Bitcoin and Solana.

Corporate Hoarding Trends for Bitcoin, Solana, and Increasingly XRP

Bitcoin corporate reserves are well-documented, with Strategy (formerly MicroStrategy) spearheading the trend in August 2020, followed by companies like Metaplanet and Semler Scientific.

Solana has also gained traction for corporate treasury allocations. Entities like DeFi Development (formerly Janover) and SOL Strategies have significantly increased their holdings, driven by confidence in the coin’s future.

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