Singapore-based Trident Digital (NASDAQ: TDTH) plans to raise $500M to establish the world’s first large-scale corporate XRP reserve, involving long-term XRP holding, staking, and deep engagement in the Ripple ecosystem to strengthen its decentralized finance strategy.…
The goal is to keep XRP as a long-term reserve. Trident’s CEO, Soon Huat Lim, feels that using blockchain tools can modernize how companies handle cash. He has promised clear updates to shareholders at every step. Those updates will follow the strict rules that public firms must meet. This push could show other businesses how to blend new tech with regular finance.
VivoPower International, a sustainable energy group, has already pledged $100 million to buy XRP through a private round of $120 million. Then there’s Wellgistics Health, a US-based drug distributor. It grabbed a $50 million credit line for XRP purchases. Hyperscale Data Inc., via its Ault Capital arm, will add up to $10 million by year-end.
Featured image from Getty Images, chart from TradingView
