Trident Digital Tech Holdings, a Web3 company based in Singapore, said it will start an XRP (XRP) treasury of up to $500 million. By doing so, the company joins a host of others that have, since May, announced reserves of the Ripple-created cryptocurrency.
“This initiative reflects our belief in the transformative potential of blockchain technology for capital allocation and cross-border value transfer,” Soon Huat Lim, founder and CEO of Trident, said in a statement. “Through this initiative, Trident aims to demonstrate how public companies can thoughtfully and responsibly participate in the ongoing development of decentralized finance.”
Rather than a simple buy-and-hold strategy, Trident plans to use its XRP reserves to generate yield through the deployment of staking mechanisms and have a “deep engagement” within the Ripple ecosystem, according to the announcement. The start of the XRP reserve will occur in the second half of 2025, dependent on regulation and market conditions.
On Thursday, the day of the announcement, Trident’s shares have fallen 37.6% at the time of this writing.
As of December 2024, the company had a net-income loss of $3.1 million, with its revenue falling 91.4% year-over-year and its operational expenses rising 101.3% over the same period.
Trident plans to raise capital for its XRP reserve through stock issuance, strategic placements and other financing instruments.
The company’s move comes as a handful of other companies have announced plans to start XRP reserves. These include Chinese AI company Webus, which will allocate $300 million to the cryptocurrency; VivoPower’s upcoming $100-million XRP-centric reserve; and Wellgistics Health’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 become a focal point for other top cryptos such as Bitcoin (BTC) and Solana (SOL), which certain companies have been hoarding for months and in some cases years.
The Bitcoin corporate treasury reserve has been well-documented. Strategy, formerly MicroStrategy, started the trend in August 2020, and companies such as Metaplanet and Semler Scientific have since followed suit.
The Solana treasury reserve has grown in popularity in 2025. Companies such as DeFi Development, formerly Janover, and SOL Strategies have acquired increasing amounts of SOL, betting on the coin’s future success.
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