$500 Million XRP Power Play: Singapore Giant Plans Massive Treasury Move

bitcoinistPublished on 2025-06-13Last updated on 2025-06-13

Abstract

According to reports, Trident Digital Tech Holdings Ltd, a Singapore-based firm listed on Nasdaq, plans to raise up to $500...

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According to reports, Trident Digital Tech Holdings Ltd, a Singapore-based firm listed on Nasdaq, plans to raise up to $500 million to build one of the first large-scale XRP treasuries. The company aims to kick off the project in the second half of 2025, subject to regulatory clearance and market conditions. It will tap equity sales, strategic investments and structured deals to gather funds.

Related Reading: $130K Bitcoin Will Trigger A HODL Frenzy, CEO Says

Trident’s $500 Million Plan

Trident wants to sell shares and work with big investors. It hopes to snag $500 million. That money will go straight into buying XRP tokens. Along with that, the company will set up staking to earn extra returns on its stash. Based on reports, talks are already under way with major crypto groups to lock in the best deals.

Building A Corporate Reserve

The goal is to keep XRP as a long-term reserve. Trident’s CEO, Soon Huat Lim, feels that using blockchain tools can modernize how companies handle cash. He has promised clear updates to shareholders at every step. Those updates will follow the strict rules that public firms must meet. This push could show other businesses how to blend new tech with regular finance.

XRPUSD is currently trading at $2.13. Chart: TradingView

Joining The Treasury Trend

Other firms are doing the same. Webus International, which is also on Nasdaq and based in China, filed to set up a $300 million XRP fund. It plans to use loans and credit lines rather than issue new shares.

VivoPower International, a sustainable energy group, has already pledged $100 million to buy XRP through a private round of $120 million. Then there’s Wellgistics Health, a US-based drug distributor. It grabbed a $50 million credit line for XRP purchases. Hyperscale Data Inc., via its Ault Capital arm, will add up to $10 million by year-end.

Related Reading: Crypto Kidnapping Case Widens As French Police Make New Arrests

Challenges Ahead For Trident

Big token buys can shake up the market and push prices higher. There’s also ongoing legal debate over XRP in markets around the world. Investors are watching closely. Trident’s stock dipped almost 40% after the initial news broke, as some worried about share dilution and token swings.

Featured image from Getty Images, chart from TradingView

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Christian Encila

Christian Encila

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Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he's a cook and cinephile who's constantly intrigued by the size of the universe.

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What is XRP 2.0

XRP 2.0: A New Frontier in the Cryptocurrency Landscape Introduction to XRP 2.0 In the ever-evolving realm of cryptocurrency, new projects continuously emerge, vying for attention and adoption. One such promising initiative is XRP 2.0, a novel cryptocurrency project designed to leverage advanced blockchain technology and robust encryption methodologies. While the name draws parallels with Ripple’s XRP, it’s crucial to note that XRP 2.0 operates independently, focusing on enhancing transaction security, privacy, and scalability. As the digital financial landscape increasingly embraces decentralized solutions, XRP 2.0 aims to contribute meaningfully to web3 and the overall expansion of crypto projects. What is XRP 2.0? At its core, XRP 2.0 is a cryptocurrency project that aims to create a secure and decentralized digital currency ecosystem. Its foundational technology integrates sophisticated blockchain principles with cutting-edge encryption techniques. The overarching goal of XRP 2.0 is to establish itself as a reliable and efficient platform enabling swift transaction execution while prioritizing enhanced privacy protections for its users. The project is promoted as a solution to many limitations faced by existing cryptocurrencies, proposing a system that can handle a higher volume of transactions with improved speed and privacy. This versatility positions XRP 2.0 as a significant contender in a marketplace riddled with various digital currencies. Who is the Creator of XRP 2.0? The identity of the creator behind XRP 2.0 has been flagged as ‘Wilbur.’ However, comprehensive details regarding Wilbur or their associated entity remain elusive. The anonymity of many cryptocurrency creators is not an uncommon phenomenon in the industry, often designed to maintain a degree of privacy and security. Who are the Investors of XRP 2.0? As of now, specific information related to the investment foundations or organizations supporting XRP 2.0 is not publicly available. In the cryptocurrency sector, the backing by reputed investors can significantly influence a project's credibility and success, yet the transparency regarding the financial supporters of XRP 2.0 has not been established. How Does XRP 2.0 Work? XRP 2.0 stands out by employing a combination of blockchain technology and advanced encryption algorithms that ensures secure and decentralized transactions. Its innovative structure includes unique features designed to foster user engagement and broaden functionalities beyond conventional cryptocurrency transactions. Among these features, XRP 2.0 incorporates AI-powered capabilities, such as text-to-image and text-to-speech functionalities. These additions are designed to enhance the interactive experience for users, promoting broader applicability across various sectors. By bridging technological advancements with user-centered design, XRP 2.0 aims to capture the attention of a diverse range of individuals and enterprises looking to integrate cryptocurrency solutions into their operational frameworks. Timeline of XRP 2.0 Understanding XRP 2.0 requires examining the milestones that have defined its journey thus far: July 23, 2023: XRP 2.0 is introduced as a novel cryptocurrency project, aiming to revolutionize secure and decentralized transaction capabilities in the blockchain domain. September 8, 2023: The launching of another project, XRP20, occurs, marking the emergence of an ERC-20 token on the Ethereum blockchain that remains unrelated to XRP 2.0. November 13, 2023: The XRP Ledger undergoes a significant update with the release of rippled server software version 2.0.0. It is essential to note that this development is disconnected from the XRP 2.0 cryptocurrency project. Key Points About XRP 2.0 To distill the essence of XRP 2.0, several critical factors emerge: Unique Features: The inclusion of features like AI-powered text-to-image and text-to-speech further diversifies the potential applications of XRP 2.0. Blockchain Technology: The framework utilizes advanced blockchain mechanisms and encryption protocols, ensuring a secure and decentralized environment for transactions. Scalability and Privacy: XRP 2.0 prioritizes enhanced privacy protections in transaction processes and the scalability necessary to accommodate a growing user base. No Affiliation with Ripple: Importantly, despite its name, XRP 2.0 does not have any allegiance or collaboration with Ripple’s XRP, distinguishing its operational framework and objectives within the cryptocurrency ecosystem. Conclusion XRP 2.0 represents an ambitious venture into the cryptocurrency sphere, aiming to offer a combination of security, privacy, and efficiency in digital transactions. By integrating sophisticated technologies and user-friendly features, the project sets out to broaden the horizons of what cryptocurrency can achieve in today's digital economy. While the anonymity of its creator and lack of disclosed investors might raise questions for some, XRP 2.0's focus on advanced functionalities and decentralisation enhances its appeal amidst an increasingly crowded crypto market. As the cryptocurrency landscape continues to evolve, XRP 2.0 may yet emerge as a pivotal player in the expansion of secure and scalable blockchain solutions.

1.1k Total ViewsPublished 2024.04.01Updated 2024.12.03

What is XRP 2.0

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