Publicly Listed Trident Plans to Raise $500 Million to Establish an XRP Treasury

Nasdaq-listed company Trident Digital Tech Holdings (Trident) plans to raise $500 million through various means such as stock issuance, strategic placements, and structured financing instruments to establish an XRP treasury (expected to launch in the second half of 2025). The company has appointed Chaince Securities LLC as its strategic advisor. This initiative will focus on acquiring XRP tokens as a long-term strategic reserve, deploying staking mechanisms to generate yield, and engaging deeply with the Ripple ecosystem. (Streetinsider)