Singapore-Based Web3 Firm to Fund Reserve Through Stock Issuance and Strategic Financing

Trident Digital Tech Holdings, a Web3 company headquartered in Singapore, announced on Thursday that it plans to create an XRP treasury reserve of up to $500 million, making it one of the largest public commitments to the Ripple-created cryptocurrency to date.

The initiative, scheduled to begin in the second half of 2025, will be funded through stock issuance, strategic placements, and other financial instruments, according to the company’s statement.

Strategic Vision Beyond Buy-and-Hold

Rather than following a conventional buy-and-hold treasury model, Trident plans to actively engage with the Ripple ecosystem, utilizing its XRP holdings to generate yield through staking mechanisms and potentially participate in DeFi-based protocols.

“This initiative reflects our belief in the transformative potential of blockchain technology for capital allocation and cross-border value transfer,” said Soon Huat Lim, founder and CEO of Trident.
“Trident aims to demonstrate how public companies can thoughtfully and responsibly participate in the ongoing development of decentralized finance.”

The company emphasized that the reserve’s rollout will depend on regulatory clarity and market conditions closer to launch.

Stock Drops Following Announcement

Despite the bold move into the XRP ecosystem, Trident’s share price fell by 37.6% on the day of the announcement, reflecting investor caution amid recent financial struggles.

As of December 2024, the company reported:

• A net income loss of $3.1 million

• A 91.4% year-over-year revenue decline

• A 101.3% increase in operational expenses

The company’s financial position has led some analysts to question whether the ambitious XRP treasury reserve plan can be sustainably executed, particularly in a volatile crypto and equity environment.

Capital Raise to Fund XRP Reserve

Trident confirmed it will raise funds for the treasury through a combination of:

• Stock issuance

• Strategic private placements

• Other financing instruments

While no specific purchase timeline or reserve size was provided, Trident aims to join a growing list of companies that have recently declared XRP-focused treasury strategies.

XRP Treasury Trend Gains Momentum

Trident is the latest in a string of public companies pivoting toward XRP as a treasury reserve asset, following similar announcements by:

• Webus, a Chinese AI company planning to allocate $300 million to XRP

• VivoPower, which is preparing a $100 million XRP reserve

• Wellgistics Health, which aims to build a $50 million XRP treasury

These moves signal a diversifying interest in crypto treasury strategies, extending beyond Bitcoin (BTC) and Solana (SOL) — two assets that have dominated corporate accumulation trends in recent years.

XRP Joins Bitcoin and Solana in Corporate Treasury Spotlight

The concept of maintaining a crypto treasury reserve began with Strategy (formerly MicroStrategy), which started acquiring Bitcoin in August 2020. Since then, numerous firms including Metaplanet and Semler Scientific have followed suit, viewing Bitcoin as a store of value and inflation hedge.

More recently, Solana has emerged as another popular reserve asset, with companies like DeFi Development (formerly Janover) and SOL Strategies building sizable SOL positions in 2025 as confidence in the ecosystem has grown.

With the rise of XRP-focused reserves, the asset — long associated with cross-border payments and institutional adoption — is becoming an increasingly important alternative in the corporate treasury playbook.

Analyst Perspectives and Market Outlook

Industry observers suggest that Trident’s move may be an attempt to differentiate its financial strategy and attract attention from crypto-aligned investors, despite its recent revenue challenges.

“This looks like a play to reposition Trident as a Web3-forward brand with long-term vision,” one fintech analyst told Cointelegraph.
“But the market will need to see strong execution before re-rating the stock.”

Others caution that while crypto reserves can be strategic, they can also expose companies to asset volatility, regulatory uncertainty, and liquidity risk, especially when leveraged through debt or convertible equity instruments.

Conclusion

With its announcement of a $500 million XRP treasury reserve, Trident Digital Tech Holdings is positioning itself at the forefront of a growing wave of companies exploring non-Bitcoin crypto reserves. While the move has prompted a sharp drop in share price, it also signals the company’s long-term commitment to decentralized finance and the XRP ecosystem.

As regulatory clarity improves and XRP’s role in cross-border finance expands, Trident’s bet may prove to be early and visionary — or overly ambitious. For now, the market will be watching closely to see how the company navigates both execution risks and investor skepticism in the coming months.