<ul data-eligibleForWebStory="true"><li>Singapore-based Trident Digital is committing $500 million to establish a corporate treasury focused on Ripple's XRP token.</li><li>Trident is raising funds for its XRP treasury, which will serve as the company's strategic reserves.</li><li>The company aims to engage with Ripple's ecosystem and generate yield through staking, not just a buy-and-hold strategy.</li><li>Trident plans to launch the treasury in the second half of 2025, subject to regulatory clarity and market sentiment.</li><li>U.S.-based Chaince Securities will be a strategic advisor on Trident's XRP treasury play.</li><li>The initiative is seen as a unique bet on cryptocurrencies in corporate capital management by Trident's CEO, Soon Huat Lim.</li><li>The trend of Bitcoin corporate treasury reserves has been popular, with companies like MicroStrategy leading the way.</li><li>Only a few companies have announced similar strategies with XRP, including Webus, VivoPower, and Wellgistics Health.</li><li>If successful, Trident's XRP treasury would strengthen XRP's position among corporate-held crypto assets.</li></ul>

This Nasdaq-Listed Firm Is Building $500 Million Crypto Treasury With Ripple’s XRP

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