
News Update
Purbaya Gives Ministries 16-Day Deadline to Finalize Budget
/index.php
Crypto News - Posted on 14 June 2025 Reading time 5 minutes
Singapore-based technology company Trident Digital Tech Holdings Ltd (NASDAQ: TDTH) has officially announced an ambitious plan to raise US$500 million (approximately IDR 8 trillion). The funds will be allocated to establish the world’s largest XRP reserve, strengthening Trident’s position within the Ripple ecosystem.
In its official statement, Trident revealed that the fundraising will be conducted through a hybrid financing scheme, including the issuance of new shares, strategic placements, and structured financing facilities. The company has also appointed Chaince Securities LLC as its lead advisor for the XRP acquisition process.
Trident further stated its intention to implement a staking mechanism to optimize its active participation in the Ripple blockchain network. Additionally, the company reaffirmed its commitment to forming strategic partnerships with financial institutions and crypto foundations, ensuring the process aligns with regulatory standards and upholds transparency principles.
The initial phase of the XRP reserve formation is scheduled to launch in the second half of 2025, with Trident pledging to provide regular reports on governance, fund utilization, and investment progress as part of its obligations as a publicly listed entity on the U.S. stock exchange.
Trident’s move is not the only institutional initiative involving XRP. Previously, another Nasdaq-listed tech company, Webus, announced a US$300 million fund allocation to establish its own XRP reserve.
Institutional Adoption Surge: The entry of two major entities—Trident and Webus—reinforces XRP’s position as a strategic alternative asset within institutional crypto portfolios.
Ripple Ecosystem Consolidation: Support from publicly traded firms strengthens XRP’s standing as a leading token, outside the dominance of Bitcoin and Ethereum.
Global Financial Transformation: These initiatives reflect a growing maturity in traditional investors’ perspectives toward digital assets, setting new standards for blockchain adoption in the financial sector.
Trident Digital Tech’s initiative to build a large-scale XRP reserve signals a deepening and more systematic wave of institutional crypto adoption. While regulatory challenges, particularly Ripple’s ongoing legal battles in the U.S., continue to pose risks, the confidence shown by major corporations in blockchain technology reflects the evolving trajectory of the global digital finance industry—toward a more structured, integrated, and resilient ecosystem.
What do you think about this topic? Tell us what you think. Don't forget to follow Digivestasi's Instagram, TikTok, Youtube accounts to keep you updated with the latest information about economics, finance, digital technology and digital asset investment.
DISCLAIMER
All information contained on our website is summarized from reliable sources and published in good faith and for the purpose of providing general information only. Any action taken by readers on information from this site is their own responsibility.