According to BWENEWS, a Digital technology giant headquartered in Singapore, Trident Digital Tech Holdings Ltd (NASDAQ:) TDTH announced a major initiative today, planning to raise up to 500 million US dollars for the establishment of the XRP vault and specially appointing Chaince Securities LLC as the strategic advisor for this project. This innovative strategic layout will enable Trident to take the lead in the process of integrating decentralized financial assets into the enterprise’s fund and capital management practices, and also marks an important milestone in the development of blockchip-native financial infrastructure.
According to the released information, the plan will focus on large-scale acquisitions of XRP tokens and use them as long-term strategic reserves. Meanwhile, Trident also plans to generate revenue from the held XRP by deploying a staking mechanism and deeply participate in the construction and development of the Ripple ecosystem. To promote the smooth implementation of this plan, Trident will raise funds through a variety of methods such as equity issuance, strategic placement and structured financing instruments. Currently, the company has engaged in in-depth discussions with several leading cryptocurrency foundations and institutional partners, aiming to ensure the completion of token acquisitions on the most favorable terms and build a solid on-chain infrastructure.
According to the initial plan, the XRP Vault is expected to be officially launched in the second half of 2025, but the exact time will depend on regulatory compliance requirements and the actual market situation. During the project advancement process, Trident commits to regularly updating information such as key nodes of project deployment, governance framework, and financial reports to the market in accordance with the disclosure standards of listed companies, to ensure the transparency of the entire process.
Soon Huat Lim, the founder, chairman and CEO of Trident, said when talking about this financing plan: “As a publicly traded company, we have always adhered to the principles of transparency, sound governance and strategic foresight. Every decision has been carefully considered.” In the evolution of the global financial landscape, digital assets have become an important driving force. We firmly believe that blockchain technology has transformative potential in capital allocation and cross-border value transfer, and this plan is a powerful manifestation of this belief. Through this measure, Trident hopes to demonstrate how listed companies can participate in the continuous development process of decentralized finance prudently and responsibly.
As a global pioneer in digital transformation in the fields of digital optimization, technical services and Web 3.0, Trident’s flagship product Tridentity is an innovative and highly secure identity solution based on blockchain technology, aiming to provide secure single sign-on authentication functions for third-party systems across industries. Committed to ushering in a brand-new era of security in the global digital field, with a particular focus on Southern Africa and other important developing markets.
With the launch of the major financing plan Trident, the attention of the cryptocurrency market and related investors has once again turned to XRP. This move may not only have an impact on the market supply and demand relationship of XRP, but also inject new vitality into the Ripple ecosystem. Its future development trend deserves close attention from the market.
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