Trident to Raise $500M for XRP Treasury Strategy, Citing Blockchain’s Long-Term Value

Singapore-based Nasdaq-listed tech firm Trident has announced plans to raise $500 million to build a strategic XRP treasury reserve. The move signals a major step into the cryptocurrency space, as Trident positions itself to hold XRP as a long-term digital asset.

According to the company, the initiative is set to begin in the second half of 2025, subject to favorable market conditions and regulatory approvals. The XRP acquired will be used as part of Trident’s long-term strategic reserves, reinforcing the firm’s confidence in the growing relevance of blockchain technology and digital assets in the global financial system.

Soon Huat Lim, founder, chairman, and CEO of Trident, emphasized the broader significance of the initiative. “Through this initiative, Trident aims to demonstrate how public companies can thoughtfully and responsibly participate in the ongoing development of decentralized finance,” he stated.

This bold move highlights Trident’s belief in XRP’s utility and potential within decentralized finance (DeFi). As one of the largest altcoins by market capitalization, XRP has increasingly drawn institutional interest for its fast, low-cost cross-border transaction capabilities.

Trident’s announcement comes at a time when public companies are beginning to explore blockchain-based treasury strategies, following the precedent set by firms investing in Bitcoin and Ethereum. By choosing XRP, Trident sets itself apart, betting on the token’s growing use cases and legal clarity after Ripple’s ongoing progress with U.S. regulators.

The $500 million XRP treasury build could set a precedent for other publicly traded firms considering crypto reserves. If successful, Trident’s strategy may serve as a model for corporate blockchain adoption, helping bridge the gap between traditional finance and the rapidly evolving digital asset economy.