The landscape of institutional finance is increasingly embracing digital assets, with a notable surge in interest in integrating cryptocurrencies into corporate treasuries. Leading this evolving trend, a prominent Singaporean firm, specializing in Web 3.0 activation, has unveiled an ambitious plan to establish one of the world’s first significant corporate reserves based on the XRP token, earmarking substantial capital for this pioneering initiative.
Trident’s XRP Treasury Initiative
Singapore-based Trident, a company focused on digital transformation and fostering Web 3.0 adoption, has announced its intention to raise up to $500 million. These funds are slated for the creation of a pioneering corporate treasury built around XRP. The strategic deployment of this capital will involve forming long-term XRP reserves, implementing staking mechanisms to generate returns, and actively participating in the broader Ripple ecosystem. Furthermore, Trident plans to collaborate with various infrastructure and application projects, reinforcing its presence within the decentralized finance (DeFi) sector.
The capital acquisition process will leverage a combination of share issuance, strategic placements, and structured financial instruments. Trident is already engaged in discussions with leading crypto funds and institutional partners to secure favorable token acquisition terms and ensure the development of a robust on-chain infrastructure. Chaince Securities LLC will serve as a strategic advisor for this significant undertaking.
Timeline and Governance Commitment
The launch of Trident’s XRP treasury is anticipated in the second half of 2025, contingent upon meeting regulatory requirements and favorable market conditions. As a public entity, Trident is committed to upholding rigorous standards of transparency, governance, and reporting. The company pledges to provide regular updates on the initiative’s progress, its governance framework, and reporting standards, aligning with the expectations for public companies.
Sun Huat Lim, Founder, Chairman of the Board, and CEO of Trident, emphasized the company’s vision:
“As a public company, every decision is guided by principles of transparency, effective governance, and strategic foresight. We view digital assets as a pivotal force shaping the global financial landscape. Through this initiative, Trident aims to illustrate how public companies can thoughtfully and responsibly engage in the ongoing evolution of decentralized finance.”
This move by Trident reflects a growing trend among corporations exploring digital assets for strategic reserves. Previously, the U.S. pharmaceutical company Wellgistics Health also announced plans to allocate $50 million towards an XRP-based crypto reserve, signaling increasing corporate confidence in the utility and potential of such assets.
Chris brings over six years of hands-on experience in cryptocurrency, bitcoin, business, and finance journalism. He’s known for clear, accurate reporting and insightful analysis that helps readers stay informed in fast-moving markets. When he’s off the clock, Chris enjoys researching emerging blockchain projects and mentoring new writers.