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06/12 22:57

 Trident Digital Tech Holdings shares plunged ne



Trident Digital Tech Holdings shares plunged nearly 40% in early trading on Thursday, falling from around $0.45 in premarket trading to under $0.20 after the company announced a $500 million financing initiative to create an XRP corporate treasury.

The Singapore-based firm plans to acquire XRP tokens xrp-3.35%XRP as long-term reserves, use them in staking strategies to generate yield, and deepen participation in the Ripple ecosystem.

Trident has also named Chaince Securities LLC as its strategic advisor on the effort.

The company said the initiative will be funded through a combination of equity issuance, structured financing, and strategic placements.

It is reportedly in discussions with crypto funds and institutional partners to secure favorable terms for the acquisition of XRP and related infrastructure. While Trident has positioned the move as a step toward blockchain-based corporate finance, investor reaction has so far been negative.1749740893972.png

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