On June 12, Singapore-based Nasdaq-listed company Trident Digital Tech Holdings announced it would raise up to $500 million (71 billion yen) to establish the world's first large-scale corporate XRP treasury. The company is known as a technology optimization firm specializing in digital transformation and Web3 utilization services. Meanwhile, in response to this announcement, the stock price plummeted by 30% on the 12th.
The plan aims to build a long-term strategic reserve of XRP tokens, generate revenue through staking mechanisms, and achieve deep involvement in the Ripple ecosystem. Trident Corporation has indicated its policy to contribute to the development of decentralized finance through collaboration with selected infrastructure and application projects.
Fundraising is conducted through a combination of equity issuance, strategic placements, and structured financial products. The company is currently in discussions with major cryptocurrency foundations and institutional investor partners to secure favorable token acquisition terms and robust on-chain infrastructure.
The initial deployment of XRP Treasury is scheduled for the second half of 2025, contingent on regulatory compliance and market conditions. Chairman and CEO Soon Huat Lim stated, "We see digital assets as a key driver of the evolution of the global financial landscape," expressing confidence in the transformative potential of blockchain technology.
Similarly, Webus International, an AI-driven mobility solutions company, submitted a plan to establish an XRP reserve of $300 million (approximately 43 billion yen) to the SEC on June 3. The company aims to streamline cross-border payments through the integration of Ripple's blockchain payment network.
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US listing Trident Digital to establish an XRP treasury of 71 billion yen
On June 12, Singapore-based Nasdaq-listed company Trident Digital Tech Holdings announced it would raise up to $500 million (71 billion yen) to establish the world's first large-scale corporate XRP treasury. The company is known as a technology optimization firm specializing in digital transformation and Web3 utilization services. Meanwhile, in response to this announcement, the stock price plummeted by 30% on the 12th.
The plan aims to build a long-term strategic reserve of XRP tokens, generate revenue through staking mechanisms, and achieve deep involvement in the Ripple ecosystem. Trident Corporation has indicated its policy to contribute to the development of decentralized finance through collaboration with selected infrastructure and application projects.
Fundraising is conducted through a combination of equity issuance, strategic placements, and structured financial products. The company is currently in discussions with major cryptocurrency foundations and institutional investor partners to secure favorable token acquisition terms and robust on-chain infrastructure.
The initial deployment of XRP Treasury is scheduled for the second half of 2025, contingent on regulatory compliance and market conditions. Chairman and CEO Soon Huat Lim stated, "We see digital assets as a key driver of the evolution of the global financial landscape," expressing confidence in the transformative potential of blockchain technology.
Similarly, Webus International, an AI-driven mobility solutions company, submitted a plan to establish an XRP reserve of $300 million (approximately 43 billion yen) to the SEC on June 3. The company aims to streamline cross-border payments through the integration of Ripple's blockchain payment network.
XRP News and Price
Thorough explanation of investment benefits and risks
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