A growing number of public companies commit considerable funds for XRP treasuries, with total obligations that the milestone of $ 1 billion approaches.
The relocation indicates that the rising institutional interest is in integrating blockchain-based assets in financial strategies for companies.
Momentum is building around the XRP reserves of companies
On June 12, web3 company Trident Digital, based in Singapore plans To pick up up to $ 500 million to set up an XRP treasure box from companies.
Trident CEO Soon Huat Lim said that the movement emphasizes the company’s confidence in the potential of blockchain to transform capital allocation and make seamless cross -border value transfer possible.
Lim added that the effort will serve as an example of how publicly stated companies can participate in the developing decentralized financing sector in a responsible manner.
Trident is planning to use his interests to achieve yields by expanding and participating in the Ripple ecosystem.
In the meantime, Trident’s Move adds to a growing list of company companies that investigate XRP-oriented Treasury models.
In May, WebUS International revealed plans to collect $ 300 million via non-equity financing to support an XRP reserve for its Global Driver Payments Network.
Energy Solutions Firm Vivopower International has recently provided $ 121 million in private financing to build an XRP-centric treasury platform. It has already assigned $ 100 million to XRP to the Flare network to diversify its exposure to digital assets.
Similarly, US Pharmaceutical Logistics Company Wellgistics obtained a $ 50 million credit line to finance XRP-related initiatives.
All in all, these business movements have brought the Treasury obligations of the assets up to $ 971 million, which is less than $ 30 million from the threshold of $ 1 billion.
Ecosystem growth
These developments correspond to a period of renewed momentum within the XRP ecosystem.
In recent months, the XRP Grootboek has extended its role as a tokenized Real-World assets and Stablecoins platform and at the same time pursue upgrades that improve interoperability with networks such as Ethereum.
Furthermore, the institutional acceptance of the XRP also accelerates. The US Securities and Exchange Commission (SEC) rewears multiple spot ETF applications, with companies including Grayscale in the running.
Market analysts suggest that these developments can unlock new institutional capital and expand the use cases of the network.
Despite these claims, the price of XRP has remained reached in recent months. According to CryptoSlate Data, the Digital Active acts at $ 2.13 at the time of the press, a decrease of 45% compared to the January of $ 3.80.
