Another Public Company Goes Hard on XRP With $500 Million Treasury Plan
Summary
Trident plans to raise up to $500 million to establish an XRP treasury, aiming to enhance its blockchain-based identity solutions. The company, listed on Nasdaq as TDTH, appointed Chaince Securities LLC as a strategic advisor. Trident's initiative reflects its belief in blockchain's potential for capital allocation and cross-border value transfer. The XRP treasury rollout is expected in the second half of 2025, utilizing various capital-raising methods. Despite similar initiatives by other firms, Trident's shares fell over 30% recently and are down more than 94% over the past year. XRP's value also decreased by 3.5% to $2.20.
