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Singapore’s Trident Digital Targets Mammoth $500M Raise to Establish XRP Treasury
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Shaurya Malwa
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By Shaurya Malwa|Edited by Stephen Alpher
Jun 12, 2025, 2:49 p.m.
- Trident Digital aims to raise $500 million to create a corporate treasury focused on XRP.
- The initiative will involve long-term XRP holdings and partnerships within Ripple’s ecosystem.
- The treasury launch is planned for 2025, with Chaince Securities advising the project.
Singapore-based Trident Digital (TDTH) is looking to raise up to $500 million to build what it says will be one of the world’s first corporate treasuries centered around XRP.
The listed tech firm, which on Nasdaq, said in a press release that the fundraise will support long-term XRP holdings, yield-generating strategies via staking, and deeper involvement in Ripple’s ecosystem through partnerships with infrastructure and application developers.
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Trident plans to deploy the treasury in the second half of 2025, pending regulatory clarity. U.S.-based Chaince Securities will serve as strategic advisor on the initiative, which will be backed by a mix of equity sales, private placements, and other structured capital tools.
CEO Soon Huat Lim framed the effort as a forward-looking bet on the role digital assets can play in corporate capital management.
“We see digital assets as key enablers in the evolution of the global financial landscape,” he said, adding that the move reflects Trident’s “commitment to transparency, strong governance, and strategic foresight.”
If successful, the treasury would place XRP in rare company among corporate-held digital assets.
While bitcoin has seen widespread adoption by firms like MicroStrategy and Metaplanet, just a small handful of public companies have pursued similar strategies with other tokens thus far.
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.
He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
