Another Nasdaq-listed company has confirmed plans to raise millions to buy XRP.
Specifically, Trident Digital Tech Holdings Ltd, a tech firm based in Singapore, has announced plans to raise up to $500 million to create one of the world’s first large-scale corporate XRP Treasuries.
Trident Plans to Hold XRP Treasury
With this move, Trident joins a growing group of public companies that are using digital assets such as Bitcoin and XRP to strengthen their financial strategies and modernize treasury management. Notably, Trident wants to build a long-term reserve of XRP tokens.
Breaking: World Largest $XRP Reserve.
Singapore-based Trident Digital (NASDAQ: TDTH) plans to raise $500M to establish the world’s first large-scale corporate XRP reserve.
The initiative will focus on the acquisition of XRP tokens as long-term strategic reserves, the deployment… pic.twitter.com/dyXcUm7uZ3
— TheCryptoBasic (@thecryptobasic) June 12, 2025
Alongside acquiring XRP, the company will introduce staking to earn returns on its holdings and work closely with projects in the XRPL ecosystem. These efforts align with Trident’s goal to bring blockchain-based tools into everyday corporate finance.
To support the initiative, Trident plans to raise funds through equity sales, strategic investments, and structured financial deals. The company is already speaking with top crypto organizations and major investors to get the best possible terms for buying XRP and building the infrastructure needed to manage it.
According to the press release today, the rollout is scheduled for the second half of 2025, depending on regulatory approvals and market conditions.
Notably, Trident’s Chairman, Founder, and CEO Soon Huat Lim sees this as more than just a financial decision. He believes this plan will help set a new standard for how public companies can use blockchain responsibly and strategically.
According to Lim, Trident also promises full transparency as it moves forward, providing regular updates to shareholders and following all reporting requirements expected of a public firm.
More Companies Adopting XRP as Treasury Reserve
This announcement adds momentum to a growing trend of companies choosing XRP for their corporate reserves. Several businesses have already made similar moves in recent months, as institutional confidence in the token grows.
For instance, earlier this month, Webus International, based in China and also listed on Nasdaq, filed to create a $300 million XRP treasury. Instead of issuing new shares, Webus plans to fund the effort with loans and credit lines.
It also aims to plug Ripple’s payment system into its international operations to speed up transactions and improve tracking. Further, the company is renewing its partnership with Tongcheng Travel Holdings to settle cross-border travel payments using XRP.
Elsewhere, VivoPower International, a sustainable energy firm, recently committed $100 million toward buying XRP. The funding came from a $121 million private round. VivoPower plans to use the Flare Network to earn interest on its XRP holdings and then reinvest that income to grow the treasury.
Meanwhile, Wellgistics Health, a U.S.-based pharmaceutical distributor, has also entered the XRP space. It secured a $50 million credit line to buy XRP for its reserve.
Interestingly, even in the data sector, companies are joining the trend. Hyperscale Data Inc., through its arm Ault Capital Group, plans to buy up to $10 million in XRP by year-end to support its entry into blockchain-powered services.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
