Trident Digital Tech unveils 500 million USD XRP treasury initiative

Trident Digital Tech aims to create one of the world’s first large-scale corporate XRP treasuries, appointing Chaince Securities LLC as a strategic advisor. The focus is on acquiring XRP tokens for long-term reserves and engaging in decentralized finance projects.

Soon Huat Lim, the CEO of Trident, highlighted the transformative potential of digital assets in the financial landscape. The company intends to approach capital funding through equity issuance and strategic placements, showcasing responsible corporate engagement in decentralized finance.

The rollout of Trident’s XRP treasury initiative is scheduled for the latter half of 2025, dependent on regulatory compliance. The company will provide updates on its development milestones and governance frameworks, ensuring transparency with its stakeholders.

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