Trident Digital Tech Holdings, a web3 company based in Singapore, Says It will start an XRP (XRP) Treasury of up to $ 500 million. Through this, the company has joined a host of others who have, since May, announced ripple reserves created by cryptocurrency.
“This initiative reflects our belief in the transformation of the potential of blockchain technology for the provision of capital and transferring cross-border value,” soon Huat Lim, founder and CEO of Trident, said in a statement. “Through this initiative, Trident aims to show how public companies can be considered and responsible for continuing to develop decentralized finances.”
Instead of a simple purchase-and-hold approach, Trident plans to use XRP reserves to produce yield by expanding staking mechanisms and having a “deep interaction” within the ripple ecosystem, according to the announcement. The start of the XRP Reserve will take place in the second half of 2025, depending on the regulation and market conditions.
On Thursday, the announcement day, Trident’s shares have fell 37.6% at the time of this writing.
Until December 2024, the company had a loss of net income of $ 3.1 million, with its income falling 91.4% year-on-year and its operational costs increased by 101.3% at the same time.
Trident plans to raise capital for XRP reserve through stock issuance, strategic placement and other financing instruments.
The company’s move came as a number of other companies announced the plans to start XRP reserves. This includes the Chinese AI Company webus, which Magsaga $ 300 million in cryptocurrency; Vivopower’s Come on $ 100-million XRP-centric reserves; and wellgistic health’s $ 50 million XRP Treasury Reserve.
Related: Trump cheated on pushing XRP for Crypto Reserve: Report
XRP joins Bitcoin and Solana has a Crypto Reserve focus
With increasing XRP Treasury reserves, cryptocurrency has become a focal point for other leading cryptos such as Bitcoin (Btc) and Solana (Sol), which some companies have been spinning months and in some cases years.
The Bitcoin Corporate Treasury Reserve was properly documented. StrategyFormer microstrategy, started racing in August 2020, and companies such as Metaplanet and Semler scientific Beginning of the suit.
Solana Treasury Reserve grew in popularity in 2025. Companies such as Defi DevelopmentDating Janover, and Sol’s strategies Sol’s value increased, estimating the future of the coin’s future.
Magazine: Blockchain Travels: Africa’s Father’s Team Lists Africa’s XRP Healthcare on Canada Stock Exchange
