$500M XRP Power Play: Singapore Giant Plans Massive Treasury Move

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure According to reports, Trident Digital Tech Holdings Ltd, a Singapore-based firm listed on Nasdaq, plans to raise up to $500 million to build one of the first large-scale XRP treasuries. The company aims to kick off the project in the second half of 2025, subject to regulatory clearance and market conditions. It will tap equity sales, strategic investments and structured deals to gather funds.

Related Reading: $130K Bitcoin Will Trigger A HODL Frenzy, CEO Says## Trident’s $500 Million Plan

Trident wants to sell shares and work with big investors. It hopes to snag $500 million. That money will go straight into buying XRP tokens. Along with that, the company will set up staking to earn extra returns on its stash. Based on reports, talks are already under way with major crypto groups to lock in the best deals.

Building A Corporate Reserve

The goal is to keep XRP as a long-term reserve. Trident’s CEO, Soon Huat Lim, feels that using blockchain tools can modernize how companies handle cash. He has promised clear updates to shareholders at every step. Those updates will follow the strict rules that public firms must meet. This push could show other businesses how to blend new tech with regular finance.

XRPUSD is currently trading at $2.13. Chart: TradingView### Joining The Treasury Trend

Other firms are doing the same. Webus International, which is also on Nasdaq and based in China, filed to set up a $300 million XRP fund. It plans to use loans and credit lines rather than issue new shares.

VivoPower International, a sustainable energy group, has already pledged $100 million to buy XRP through a private round of $120 million. Then there’s Wellgistics Health, a US-based drug distributor. It grabbed a $50 million credit line for XRP purchases. Hyperscale Data Inc., via its Ault Capital arm, will add up to $10 million by year-end.

Related Reading: Crypto Kidnapping Case Widens As French Police Make New Arrests### Challenges Ahead For Trident

Big token buys can shake up the market and push prices higher. There’s also ongoing legal debate over XRP in markets around the world. Investors are watching closely. Trident’s stock dipped almost 40% after the initial news broke, as some worried about share dilution and token swings.

Featured image from Getty Images, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.