Giant Companies Line Up for Ripple (XRP)! Another Company Made a Massive XRP Move Worth 500 Million Dollars!

Singapore-based company Trident announced a financing plan of up to 500 million dollars for the **Ripple (XRP) treasury.

According to the official announcement, Trident announced that it will raise up to 500 million dollars to establish one of the world's first large-scale institutional XRP Treasuries.

The company also appointed Chaince Securities LLC as a strategic advisor.

This strategic move marks a significant milestone in the evolution of blockchain-based financial infrastructure by bringing Trident to the forefront of integrating decentralized financial assets into treasury and capital management practices.

The fund is stated to be used for the long-term acquisition of XRP, to research staking mechanisms for yield generation, and to engage in deep interaction within the Ripple ecosystem.

It was also stated that the XRP Treasury's initial launch is planned for the second half of 2025, subject to regulatory compliance and prevailing market conditions.

Trident founder Soon Huat Lim said the following:

"As a publicly traded company, our commitment to transparency, strong governance, and strategic foresight guides every decision we make.

We see digital assets as fundamental facilitators in the evolution of the global financial landscape. The XRP initiative reflects our belief in the transformative potential of blockchain technology for capital allocation and cross-border value transfer.

Trident aims to demonstrate how publicly traded companies can participate thoughtfully and responsibly in the ongoing development of decentralized finance through this initiative.

Many companies besides Trident are also making efforts for the XRP treasury. Among them are names like the Chinese company Webus and VivoPower.

*It is not investment advice.

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