Trident Digital Tech Holdings, a Singapore-based Web3 company, plans to establish an XRP treasury of up to $500 million, following other companies that have recently announced similar reserves. Founder and CEO Soon Huat Lim expressed confidence in blockchain technology's potential for capital allocation and cross-border value transfer. Instead of merely holding XRP, Trident intends to generate yield through staking mechanisms and active engagement within the Ripple ecosystem. The treasury's initiation is scheduled for the second half of 2025, contingent on regulatory and market conditions. In the wake of this announcement, Trident's shares surged by 37.6%. The company reported a net income loss of $3.1 million for 2024, with revenue down 91.4%. To fund its XRP reserves, Trident aims to raise capital through stock issuance and other financial instruments. This trend of corporate investment in XRP mirrors previous movements seen with Bitcoin and Solana, as more companies begin to adopt cryptocurrencies into their asset reserves.

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