DailySun
Trident Digital Tech Holdings faced a significant decline of nearly 40% in its stock price during early trading on Thursday, dropping from around $0.45 in premarket to below $0.20. This decline followed the company’s announcement of a $500 million financing plan to create a corporate XRP Treasury.
The Singapore-based firm aims to acquire XRP (XRP) tokens as long-term assets, execute staking strategies for yield generation, and boost involvement in the Ripple ecosystem.
Trident has selected Chaince Securities LLC as its strategic advisor for this initiative.
Funding for this project will come from equity issuances, structured financing, and strategic placements, as outlined by the company.
Reports suggest ongoing negotiations with crypto foundations and institutional partners to secure favorable acquisition terms for XRP and related infrastructure. While Trident is presenting this move as a groundbreaking step in blockchain-native corporate finance, the investor response has largely been negative.
TDTH’s Decline
The stock, priced at approximately $0.45 in the premarket following the announcement, quickly fell below $0.20, significantly reducing its market capitalization.
The XRP Treasury launch is projected for the second half of 2025, depending on regulatory approvals and market conditions.
“We view digital assets as pivotal in the transformation of the global financial landscape,” expressed CEO Soon Huat Lim. “This initiative exemplifies our belief in the revolutionary potential of blockchain technology.”
