1 day ago
Singapore-based Trident Digital (TDTH) is looking to rise up to $500 cardinal to physique what it says volition beryllium 1 of the world’s archetypal firm treasuries centered astir XRP.
The listed tech firm, which connected Nasdaq, said in a property release that the fundraise volition enactment semipermanent XRP holdings, yield-generating strategies via staking, and deeper engagement successful Ripple’s ecosystem done partnerships with infrastructure and exertion developers.
Trident plans to deploy the treasury successful the 2nd fractional of 2025, pending regulatory clarity. U.S.-based Chaince Securities volition service arsenic strategical advisor connected the initiative, which volition beryllium backed by a premix of equity sales, backstage placements, and different structured superior tools.
CEO Soon Huat Lim framed the effort arsenic a forward-looking stake connected the relation integer assets tin play successful firm superior management.
“We spot integer assets arsenic cardinal enablers successful the improvement of the planetary fiscal landscape,” helium said, adding that the determination reflects Trident’s “commitment to transparency, beardown governance, and strategical foresight.”
If successful, the treasury would spot XRP successful uncommon institution among corporate-held integer assets.
While bitcoin has seen wide adoption by firms similar MicroStrategy and Metaplanet, conscionable a tiny fistful of nationalist companies person pursued akin strategies with different tokens frankincense far.
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