Singapore-based Web3 company Trident Digital Tech Holdings has unveiled plans to establish a substantial XRP treasury worth up to $500 million, positioning itself among a growing number of corporations adopting cryptocurrency reserve strategies. The initiative, set to launch in the second half of 2025, represents a significant commitment to blockchain technology and decentralized finance, according to founder and CEO Soon Huat Lim. The company emphasized that this move reflects their confidence in blockchain’s transformative capabilities for capital allocation and international value transfers.
Unlike traditional buy-and-hold approaches, Trident intends to actively deploy its XRP holdings through staking mechanisms and deep ecosystem participation within the Ripple network to generate yield. The company plans to finance this ambitious treasury through various channels including stock issuance, strategic placements, and alternative financing instruments. However, the announcement comes at a challenging time for Trident, which reported a $3.1 million net loss as of December 2024, alongside a dramatic 91.4% year-over-year revenue decline and operational expenses that more than doubled during the same period.
The market’s initial reaction to Trident’s announcement was notably negative, with the company’s shares plummeting 37.6% on the day of the reveal. Despite this setback, Trident joins an expanding group of companies building significant XRP reserves, including Chinese AI firm Webus with its $300 million allocation, VivoPower’s planned $100 million XRP-focused reserve, and Wellgistics Health’s $50 million treasury commitment. This trend demonstrates growing institutional confidence in XRP’s long-term potential despite current market volatility.
The corporate cryptocurrency treasury trend has evolved beyond itcoin">Bitcoin’s early dominance to include assets like XRP and Solana. While itcoin">Bitcoin corporate reserves pioneered by companies like MicroStrategy remain prominent, the emergence of XRP and Solana treasuries in 2025 signals diversification in corporate crypto strategies. Companies like DeFi Development and SOL Strategies have similarly committed to Solana accumulation, while the XRP reserve movement gains momentum with multiple firms betting on Ripple’s ecosystem growth and regulatory clarity.
