Singapore-based Trident Digital Tech Holdings Ltd. (TDTH) has announced plans to raise $500 million to acquire XRP tokens, aiming to establish one of the world’s first large-scale corporate XRP treasuries.
The initiative seeks to integrate cryptocurrency into the company’s capital reserves while utilizing staking mechanisms to generate yield. This strategic move is designed to deepen TDTH’s integration within the Ripple ecosystem despite current market volatility.
The announcement comes amid significant price fluctuations, with TDTH’s stock declining 30.2% and XRP falling 6.1% to $2.1, reflecting broader geopolitical tensions. This corporate treasury approach aligns with emerging trends, following similar XRP adoption by firms like Webus and VivoPower.
Concurrently, Ripple and the U.S. Securities and Exchange Commission (SEC) have filed a joint motion to expedite their ongoing litigation. The outcome of this legal proceeding could substantially impact XRP’s regulatory framework and market confidence.