XRP Goes Corporate: 8 Companies Commit Nearly $1B to Ripple Token – Coincu

Key Points:

• Trident leads the XRP charge with a $500M plan and strategic backing from Chaince Securities.
• Webus files with the SEC, setting a $300M cap under its XRP management agreement.
• Companies across sectors now include XRP in treasury models, signaling broader corporate crypto interest.

Eight companies have outlined plans to include XRP in their corporate treasury strategies, with total commitments exceeding $986 million. This move reflects a broader trend of firms exploring digital assets as part of their financial planning.

Trident, a Nasdaq-listed company, announced its intention to raise up to $500 million for the establishment of a corporate XRP reserve. Chaince Securities LLC has been appointed as its strategic advisor. The company plans to raise funds through equity offerings, private placements, and structured financial instruments. Discussions are underway with institutional investors and crypto foundations to support the initiative and ensure on-chain readiness.

Meanwhile, Webus International has also taken steps to set up a structured XRP treasury. The company signed a Delegated Digital Asset Management Agreement with an appointed manager. A 6-K filing was submitted to the U.S. Securities and Exchange Commission to support this move. Under this framework, Webus has set a limit of up to $300 million for XRP-related activity.

XRP Allocations by Listed Firms

VivoPower, another Nasdaq-listed entity, has secured $121 million through a capital raise. The funds will be used to establish an XRP reserve. The company offered 20 million shares priced at $6.05 each during the raise.

Wellgistics, a U.S.-based pharmaceutical distributor, has structured a plan to hold $50 million worth of XRP. The funds will come from a revolving equity credit facility. According to its public statement, the tokens will be used for fast payment solutions across its pharmacy network, as well as being held as part of the company’s treasury assets.

Hyperscale Data, involved in data infrastructure, disclosed a $10 million XRP allocation. The announcement reflects an increasing interest in Ripple’s token among firms seeking alternative digital assets beyond Bitcoin and Ethereum.

Broader XRP Integration into Corporate Finance

Worksport Ltd. has revised its corporate financial policy to include XRP and Bitcoin. The company’s board approved purchases of both digital assets, with a limit of $5 million, representing up to 10% of operating profits. This decision marks a structured approach to integrating cryptocurrencies into their broader financial model.

BC Bud Corporation has allocated CAD 250,000 (approximately $225,000 USD) from its Canadian reserves to acquire XRP. The company stated that the investment is intended to provide long-term value to shareholders.

In addition, Digital Communications, a smaller firm, has also committed $225,000 to XRP. While the amount is modest, the move adds to the growing number of businesses considering XRP for corporate use.

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