Trident Digital Unveils $500 Million XRP Treasury Financing Plan with Chaince Securities as Strategic Advisor

Singapore-based Trident Digital Tech Holdings Ltd. (Nasdaq: TDTH), a firm focused on technology optimization and Web3 solutions, announced on June 12 a plan to raise up to $500 million to establish one of the world’s first large-scale corporate XRP treasuries. The initiative, set to roll out in the second half of 2025, positions Trident as a key player in integrating blockchain-based assets into corporate finance. To support this ambitious project, the company has appointed U.S.-based Chaince Securities LLC as its strategic advisor, leveraging the firm’s expertise in crypto capital markets to navigate the complex financing and regulatory landscape.

Strategic Vision for XRP Treasury

Trident’s initiative focuses on acquiring XRP tokens as a long-term strategic reserve, deploying staking mechanisms to generate yield, and deepening engagement within the Ripple ecosystem through partnerships with decentralized finance (DeFi) infrastructure and application projects. The company aims to raise the $500 million through a combination of equity issuance, strategic placements, and structured financing instruments. Discussions are already underway with leading crypto foundations and institutional partners to secure favorable terms for XRP acquisition and to build robust on-chain infrastructure.

CEO Soon Huat Lim emphasized the company’s commitment to responsible participation in decentralized finance. “As a public company, our commitment to transparency, strong governance, and strategic foresight guides every decision we make. 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. Through this initiative, Trident aims to demonstrate how public companies can thoughtfully and responsibly participate in the ongoing development of decentralized finance,” Lim said in a press release.

The move aligns with Trident’s broader business model, which includes blockchain-based identity solutions and Web3 activation services. By building a treasury centered on XRP, Trident aims to demonstrate how public companies can integrate digital assets into their financial strategies while adhering to regulatory compliance and market conditions. The initiative is expected to launch in the second half of 2025, with ongoing updates promised on deployment milestones and governance frameworks.

Market Reaction Reflects Concerns Over Treasury Strategy Feasibility

The announcement triggered a sharp market response, with Trident’s stock (Nasdaq: TDTH) plummeting nearly 48.7% on June 12, dropping from approximately $0.39 in premarket trading to under $0.20. This selloff reflects mixed investor sentiment about the feasibility of a $500 million treasury initiative from a company with a market capitalization of roughly $17.1 million. Analysts suggest that skepticism stems from concerns over execution risks and the volatility associated with altcoins like XRP, which differ from the more established Bitcoin-focused treasury strategies adopted by firms like Strategy.

XRP’s Growing Corporate Appeal

Trident is not the first company to explore XRP as a treasury asset. In May, Nasdaq-listed VivoPower announced a $121 million private equity financing round, backed by Saudi royal investors, to establish a pioneering XRP treasury strategy. Other firms, such as Chinese travel booking company Webus International, have also signaled plans to build XRP treasuries, with Webus announcing a $300 million initiative in May. These developments highlight a growing trend of corporate interest in XRP, driven by its utility in cross-border payments and its role within the Ripple ecosystem.

As of June 13, XRP is trading at approximately $2.13, with a market capitalization of around $125.47 billion. While XRP has seen steady adoption for its fast transaction speeds and low fees, its price has been volatile, influenced by regulatory developments and market dynamics.