The move signals rising institutional interest in integrating blockchain-based assets into corporate financial strategies.
Trident CEO Soon Huat Lim said the move highlights the firm’s confidence in blockchain’s potential to transform capital allocation and enable seamless cross-border value transfers.
Lim added that the effort will serve as an example of how publicly listed firms can engage responsibly in the evolving decentralized finance sector.
Trident plans to deploy its holdings to earn yields through staking and participation in Ripple’s ecosystem.
Meanwhile, Trident’s move adds it to a growing list of corporate firms exploring XRP-focused treasury models.
Altogether, these corporate moves have driven the asset’s treasury commitments to $971 million, which is less than $30 million away from the $1 billion threshold.
These developments align with a period of renewed momentum within the XRP ecosystem.
Market analysts suggest these developments could unlock new institutional capital and expand the network’s use cases.
Despite these advancements, XRP’s price has remained range-bound in recent months. According to CryptoSlate data, the digital asset is trading at $2.13 at press time, down 45% from its January peak of $3.80.
