Trident, a publicly listed tech company on the Nasdaq and based in Singapore, has officially announced its intention to purchase $500 million worth of XRP tokens. The investment will be used to build the company’s long-term treasury reserves, underlining a rising wave of corporate trust in blockchain assets beyond Bitcoin.
The acquisition is set to begin in the second half of this year, with Trident stating that it will proceed based on market conditions and regulatory guidelines. The XRP holdings will become part of Trident’s strategic reserves and reflect the company’s long-term confidence in blockchain technology.
Trident’s CEO Soon Huat Lim said the move is rooted in the firm’s belief in XRP’s utility and blockchain’s potential to reshape global finance. He emphasized that this step fits into the company’s broader goal of weaving blockchain into its operational future.
Trident’s announcement joins a string of recent XRP-related treasury declarations. China-based Webus International, which focuses on AI-driven automotive solutions, recently filed a $300 million XRP treasury plan with the US SEC. Similarly, energy firm VivoPower and pharmaceutical logistics provider Wellgistics disclosed plans to invest $121 million and $50 million in XRP, respectively.
VivoPower also revealed that it will deploy $100 million worth of XRP on Ripple’s Flare network to generate yield, showcasing how companies are now exploring ways to make digital reserves more productive.
As more companies begin holding XRP as part of their financial strategies, it is becoming clear that this digital asset is gaining favor as a reserve tool in the corporate world.
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