Another Public Company Goes Hard on XRP With $500 Million Treasury Plan
The post Another Public Company Goes Hard on XRP With $500 Million Treasury Plan appeared on BitcoinEthereumNews.com.
In brief Trident Digital Tech Holdings announced plans for an XRP treasury of up to $500 million. The firm expects the treasury rollout to begin later this year. Shares of TDTH fell more than 30% on the day and are now down more than 94% on the year. Publicly traded technology services company Trident plans to raise up to $500 million to build out an XRP treasury, the firm announced on Thursday. The Singapore-based firm, which has a blockchain-based identity solution as its flagship product and trades on the Nasdaq as TDTH, also appointed Chaince Securities LLC as a strategic advisor. “As a public company, our commitment to transparency, strong governance, and strategic foresight guides every decision we make. We see digital assets as key enablers in the evolution of the global financial landscape,” said Trident founder, Chairman, and CEO Soon Huat Lim, in a statement. “This initiative reflects our belief in the transformative potential of blockchain technology for capital allocation and cross-border value transfer,” he added. “Through this initiative, Trident aims to demonstrate how public companies can thoughtfully and responsibly participate in the ongoing development of decentralized finance.” The firm’s XRP treasury rollout is expected to take place in the second half of 2025, and will be built using multiple capital-raising tactics—like equity issuance and structured financial instruments. While Bitcoin is the most popular token in digital asset treasuries, a couple other publicly traded firms announced plans for XRP treasuries just recently. In May, healthcare infrastructure firm Wellgistics Health announced plans for a $50 million equity line of credit to acquire Ripple-linked XRP and build out XRP-enabled payment infrastructure. Last week, Chinese travel booking firm Webus said it planned to build a $300 million XRP treasury. Webus shares were up on the day of the announcement, but shares…
Filed under: News - @ June 12, 2025 11:27 pm