Trident Digital Tech Holdings, a Web3 firm based mostly in Singapore, said it should begin an XRP (XRP) treasury of as much as $500 million. By doing so, the corporate joins a bunch of others that have, since Might, introduced reserves of the Ripple-created cryptocurrency.
“This initiative displays our perception within the transformative potential of blockchain know-how for capital allocation and cross-border worth switch,” Quickly Huat Lim, founder and CEO of Trident, mentioned in a press release. “By this initiative, Trident goals to reveal how public corporations can thoughtfully and responsibly take part within the ongoing growth of decentralized finance.”
Moderately than a easy buy-and-hold technique, Trident plans to make use of its XRP reserves to generate yield by the deployment of staking mechanisms and have a “deep engagement” throughout the Ripple ecosystem, based on the announcement. The beginning of the XRP reserve will happen within the second half of 2025, depending on regulation and market circumstances.
On Thursday, the day of the announcement, Trident’s shares have fallen 37.6% on the time of this writing.
As of December 2024, the corporate had a net-income lack of $3.1 million, with its income falling 91.4% year-over-year and its operational bills rising 101.3% over the identical interval.
Trident plans to boost capital for its XRP reserve by inventory issuance, strategic placements and different financing devices.
The corporate’s transfer comes as a handful of different corporations have introduced plans to start out XRP reserves. These embrace Chinese language AI firm Webus, which is able to allocate $300 million to the cryptocurrency; VivoPower’s upcoming $100-million XRP-centric reserve; and Wellgistics Well being’s $50 million XRP treasury reserve.
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XRP joins Bitcoin and Solana has crypto reserve focuses
With the rise of XRP treasury reserves, the cryptocurrency has grow to be a focus for different high cryptos comparable to Bitcoin (BTC) and Solana (SOL), which sure corporations have been hoarding for months and in some circumstances years.
The Bitcoin company treasury reserve has been well-documented. Strategy, previously MicroStrategy, began the pattern in August 2020, and firms comparable to Metaplanet and Semler Scientific have since adopted go well with.
The Solana treasury reserve has grown in recognition in 2025. Firms comparable to DeFi Development, previously Janover, and SOL Strategies have acquired growing quantities of SOL, betting on the coin’s future success.
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