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Trident Digital, a Singapore-based technology firm specializing in digital optimization and Web 3.0 services, has announced an ambitious initiative to establish one of the world’s first large-scale corporate XRP treasuries.
The company aims to raise up to $500 million to integrate blockchain-native assets into its capital management frameworks, marking a significant step in the adoption of digital assets within corporate finance.
Hybrid Funding Model
This announcement coincides with the recent launch of the USDC stablecoin on the XRP Ledger (XRPL), highlighting a pivotal convergence between decentralized finance (DeFi) infrastructures and institutional asset management strategies.
Trident’s plan includes a long-term acquisition strategy for XRP, the deployment of staking protocols, and active collaborations within the Ripple ecosystem, reflecting a broader trend of integrating digital assets into public enterprise operations.
As part of its treasury strategy, Trident Digital has laid out a roadmap for acquiring XRP tokens to serve as long-term reserves. The company plans to leverage staking mechanisms to generate yield and support various decentralized financial applications within the Ripple ecosystem.
To guide this initiative, Trident has appointed Chaince Securities LLC as its strategic advisor, facilitating discussions with institutional partners and crypto foundations to secure favorable terms for token acquisition and to develop a robust on-chain infrastructure.
The rollout of this initiative is planned for the second half of 2025, pending regulatory approval and favorable market conditions. Trident intends to raise funds through a combination of equity issuance, structured financing, and strategic placements, employing a hybrid funding model designed to attract both traditional investors and those from the crypto space.
Circle Integrates USDC With XRP Ledger
On the same day as Trident’s announcement, the XRP Ledger officially welcomed USDC to its mainnet. This integration allows for direct access to USDC liquidity on the XRPL, eliminating the need for bridging assets from other blockchain networks.
According to Circle, the issuer of USDC, this integration provides developers, businesses, and institutions with direct access to on-chain USDC through Circle Mint and Circle APIs.
This infrastructure enhancement promises to facilitate seamless global payments, remittances, and institutional on-ramps and off-ramps. Circle emphasized that the integration enables faster transaction settlements and enhances the stability of financial products built on the XRPL.
Developers can now experiment with USDC on the XRPL’s testnet using Circle’s Faucet, allowing them to create and evaluate new DeFi services before they go live. This advancement positions the XRP Ledger as a competitive player in the blockchain-based financial services landscape.
Trident’s commitment to engaging in infrastructure and application projects demonstrates its intent to actively contribute to the development of blockchain financial solutions. Through this coordinated effort, the XRP and the XRPL may see increased adoption within enterprise finance environments.
Furthermore, Trident has pledged to maintain transparency throughout the treasury deployment process. The company will provide regular updates in line with public company disclosure standards, including governance frameworks and milestone reporting.
Featured image from DALL-E, chart from TradingView.com
