Singapore-based Trident Digital Tech Holdings, a Nasdaq-listed Web3 firm, announced plans to raise up to $500 million to establish one of the world’s first large-scale corporate XRP treasuries. The initiative aims to support long-term XRP holdings, staking, and deep integration within the Ripple ecosystem to enhance its decentralized finance strategy. Founder and CEO Soon Huat Lim emphasized the company’s confidence in blockchain technology through this move. This fundraising effort is part of a broader trend, with corporate XRP treasury investments nearing $1 billion as companies increasingly embrace blockchain potential. Meanwhile, Matthew Sigel, Head of Digital Assets at VanEck, cautioned that some low-market-cap companies announcing large fundraising plans for XRP or Solana purchases may be involved in pump-and-dump schemes, highlighting concerns about the legitimacy of certain institutional treasury announcements.