Singapore-based technology company Trident Digital Tech Holdings Ltd. (TDTH) has disclosed plans to raise $500 million with the aim of purchasing XRP tokens. This move would position the company to establish one of the largest corporate XRP treasuries globally.

Despite these ambitious plans, the company's stock, TDTH, experienced a significant downturn in value, closing down by double digits yesterday amidst rising geopolitical tensions. Concurrently, XRP’s price also dropped. According to the press release, TDTH intends to raise funds through a mix of equity issuance, private placements, and structured financing instruments. The deployment of these funds is anticipated to commence in the latter part of 2025, subject to regulatory approval and favorable market conditions.

The financing strategy encompasses acquiring XRP tokens for long-term strategic reserves. Unlike traditional holding methods, Trident plans to leverage staking mechanisms to generate yield from these tokens. Additionally, the company aims to deepen its engagement within the Ripple ecosystem. To ensure regulatory compliance and guide this initiative, Trident has engaged Chaince Securities LLC, a U.S.-based broker-dealer registered with the Financial Industry Regulatory Authority (FINRA), as its strategic advisor.

With this announcement, TDTH aligns itself with other entities showing increasing interest in cryptocurrencies as corporate treasury assets. For instance, Webus, a Chinese mobility services firm, recently unveiled a $300 million XRP treasury strategy. Similarly, BeInCrypto reported that VivoPower is transitioning into an XRP-centric digital asset company, focusing on acquiring, managing, and holding XRP to support the expansion of the XRP Ledger (XRPL).

These developments coincide with growing institutional attention toward cryptocurrencies as components of corporate reserve strategies. Notably, Sugnum CIO observed that following Bitcoin (BTC) and Ethereum (ETH), institutional investors are increasingly inclining toward XRP and Solana to diversify their digital asset holdings.

Nevertheless, TDTH’s stock faced a steep decline of 30.2% yesterday. During pre-market trading today, there was a slight recovery, with prices rising by 0.58%. Over the past year, TDTH shares have plummeted by 94.1%, potentially reflecting investor apprehension regarding the company’s financial stability.

Simultaneously, XRP encountered downward pressure. As of the latest reports, it was trading at $2.1, marking a 6.1% decline from the previous day. This drop was not exclusive to XRP; the broader cryptocurrency market also experienced a downturn due to the escalating tensions between Israel and Iran.

Although geopolitical pressures continue to impact XRP, a recent legal advancement might provide the necessary impetus for a recovery. BeInCrypto reported that Ripple and the U.S. Securities and Exchange Commission (SEC) have jointly filed a motion with the Manhattan District Court to settle their ongoing legal dispute. Should this resolution proceed smoothly, it could enhance investor confidence in XRP.

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