Singaporean company Trident, which focuses on digital innovation and the development of Web 3.0, has announced its intention to raise up to $500 million to create a corporate crypto reserve based on the XRP token. This will be one of the first large-scale treasuries of its kind in the world.
This is reported by Business • Media
Plans for Forming the XRP Reserve
Trident plans to use the raised investments to form a long-term strategic reserve in XRP tokens, apply staking mechanisms to generate profit, and actively integrate into the Ripple ecosystem. The company intends to engage with a number of infrastructure and application projects to strengthen its position in the decentralized finance (DeFi) sector.
The strategic advisor for the initiative will be Chaince Securities LLC. Capital raising will occur through the issuance of shares, strategic placements, and the use of structured financial instruments. Trident is already in negotiations with leading cryptocurrency funds and institutional partners regarding favorable terms for acquiring tokens and establishing a reliable on-chain infrastructure for the future reserve.
Launch of the Crypto Reserve and Operational Transparency
The launch of the XRP-based corporate treasury is expected in the second half of 2025, provided that regulatory requirements are met and market conditions are favorable. Trident has also stated its readiness to regularly report on the status of the initiative, the governance structure of the reserve, and reporting standards, adhering to the requirements placed on public companies.
“As a public company, we are guided by the principles of transparency, effective governance, and strategic foresight in every decision we make. We view digital assets as a key factor in the evolution of the global financial landscape,” said Trident’s founder, chairman, and CEO Sun Huat Lim.
He also emphasized that through this initiative, Trident aims to demonstrate how public companies can thoughtfully and responsibly participate in the development of decentralized finance.
It is worth noting that earlier, the American pharmaceutical company Wellgistics Health announced its intention to invest $50 million in creating its own XRP-based crypto reserve.