Overview

• Trident Digital announced a plan to raise $500 million for a corporate treasury centered on XRP, one of the first initiatives of its kind by a Nasdaq-listed firm.
• Chaince Securities will advise on a funding structure that combines equity issuance, private placements and other structured financing tools.
• The treasury will back long-term XRP reserves, implement yield-generating staking strategies and forge partnerships within Ripple’s ecosystem.
• Shares of Trident Digital plunged nearly 38% on June 12 after the company revealed its XRP-focused fundraising strategy.
• XRP’s price fell 3.4% in the past 24 hours despite a year-to-date gain of over 350%, underscoring volatility ahead of regulatory guidance.