The listed company Trident plans to raise $500 million to establish an XRP treasury

ChainCatcher news, according to Streetinsider, Nasdaq-listed company Trident Digital Tech Holdings (Trident) plans to raise $500 million through various means such as issuing stocks, strategic placements, and structured financing tools to establish an XRP treasury (expected to launch in the second half of 2025), and has appointed Chaince Securities LLC as a strategic advisor.

The plan will focus on acquiring XRP tokens as a long-term strategic reserve, deploying staking mechanisms to generate returns, and deeply engaging in the Ripple ecosystem.