Trident Digital Makes History: $500M XRP Treasury Fund Targets Corporate Adoption

Wall Street meets blockchain—Trident Digital just fired the starting gun on the first corporate XRP treasury fund. The $500 million raise could rewrite how institutions interact with crypto.

Why this matters

Forget retail moonboys—this is institutional-grade deployment. The fund positions XRP as a treasury reserve asset, bypassing traditional settlement rails. Banks won''t like this one bit.

The cynical take

Another ''first-of-its-kind'' crypto fund? Cue the usual suspects: overpromising VCs, regulatory gray zones, and that 18-month window before we see if this actually scales. But hey—at least it''s not another NFT project.

Trident Digital Tech Holdings, a Singapore-based Web3 and tech optimization firm, has announced a plan to raise up to $500 million to build one of the world’s first large-scale corporate XRP Treasuries. The XRP Treasury is set to launch in the second half of 2025, with Chaince Securities LLC named as its strategic advisor.

According to the press release, the initiative will focus on building long-term reserves of XRP, earning yield through staking, and actively working within the Ripple ecosystem. The company also plans to partner with key DeFi projects to strengthen its role in the Web3 space. Funds will be raised through equity sales, strategic deals, and structured financing. It is already in talks with crypto foundations and investors to secure strong partnerships and favorable XRP terms.

Trident (TDTH) shares dropped over 30% on Thursday and are now down more than 95% in the past year. XRP has also dipped over 5% today, currently trading at $2.12. 

Trident CEO Soon Huat Lim views blockchain as a game-changer for global finance, and said that this MOVE shows how public companies can play a meaningful, responsible role in shaping the world of DeFi.

“We see digital assets as key enablers in the evolution of the global financial landscape. This initiative reflects our belief in the transformative potential of blockchain technology for capital allocation and cross-border value transfer,” he said. 

XRP Joins the Big Leagues

More companies are building XRP reserves. Chinese AI firm Weebus plans to invest $300 million, VivoPower is setting up a $100 million reserve, and Wellgistics Health is adding $50 million. XRP is quickly joining Bitcoin and Solana as a top choice for corporate treasuries. While Bitcoin has been widely adopted by firms like MicroStrategy, very few public companies have done the same with other tokens.