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Trident Digital Listed in the US to Establish a $500 Million XRP Treasury

2025/06/13 10:34 (Updated 2025/06/13 13:01)
CoinPost
Written by L.Kikutani
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Trident Digital Listed in the US to Establish a $500 Million XRP Treasury

Large-Scale Corporate XRP Reserve Fund

Trident Digital Tech Holdings, based in Singapore and listed on Nasdaq, announced on June 12 that it has raised up to $500 million (approximately 71 billion yen) to establish the world's first large-scale corporate XRP treasury. The company is known as a technology optimization firm handling digital transformation and Web3 services. Following the announcement, its stock price plummeted by 30% on the same day. The plan involves building a long-term strategic reserve of XRP tokens, generating revenue through a staking mechanism, and deepening involvement in the Ripple ecosystem. Trident aims to collaborate with selected infrastructure and application projects to enhance the decentralized...

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MAGAZINE
Iolite Vol.14

Iolite Vol.14

July 2025 issueReleased on 2025/05/30

Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.

MAGAZINE

Iolite Vol.14

July 2025 issueReleased on 2025/05/30
Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.