Trident also named Chaince Securities LLC as its strategic advisor for the effort.<\/p>\n
The initiative would be funded through equity issuance, structured financing, and strategic placements, the company said.<\/p>\n
Discussions are reportedly underway with crypto foundations and institutional partners to secure favorable acquisition terms for XRP and related infrastructure. While Trident positioned the move as a step toward pioneering blockchain-native corporate finance, so far, the investor response has been negative.\u00a0<\/p>\n
The stock, which traded at about $0.45 in the premarket following the announcement, rapidly dropped below $0.20, erasing a significant portion of its market value.<\/p>\n
The XRP Treasury is expected to roll out in the second half of 2025, pending regulatory approvals and market conditions.<\/p>\n
\n\u201cWe see digital assets as key enablers in the evolution of the global financial landscape,\u201d said CEO Soon Huat Lim. \u201cThis initiative reflects our belief in the transformative potential of blockchain technology.\u201d<\/p>\n<\/blockquote>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
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