A wave of institutional investment in XRP is taking shape as eight public companies have pledged almost $2 billion for dedicated XRP treasuries. Notably, leading firms are formalizing substantial commitments to XRP as an asset on their balance sheets, with full public disclosure in line with regulatory requirements. This shift echoes the path that propelled Bitcoin into corporate finance circles.
The companies and their commitments
Trident Digital Tech Holdings, a Singapore-based technology firm listed on Nasdaq, tops the list by planning to raise $500 million for one of the largest corporate XRP treasuries to date. Webus International, active in cross-border payments, is seeking $300 million in non-equity financing to establish an XRP-backed reserve supporting its global network.
VivoPower International, a sustainable energy company, raised $121 million in private funding, allocating $100 million for XRP and staking those funds on the Flare Network. Other participants include Wellgistics Health, which secured a $50 million equity line drawn specifically for an XRP treasury; and Japan’s Gumi Inc., introducing a $17 million program split between XRP and Bitcoin.
Nature’s Miracle Holding, a supplier of agricultural products, announced a $20 million XRP treasury initiative, becoming the first U.S.-listed non-financial public company to do so. Hyperscale Data committed $10 million to XRP, while Worksport, a manufacturer in the automotive sector, allocated up to $5 million derived from its existing operational cash flow.
Mini dictionary: Flare Network – A decentralized, interoperable blockchain designed to bring smart contract functionality to various tokens and facilitate staking and bridging between blockchains.
| Company | Country | Sector | XRP Treasury Commitment |
|---|---|---|---|
| Trident Digital Tech Holdings | Singapore | Technology | $500 million |
| Webus International | Undisclosed | Payments | $300 million |
| VivoPower International | Global | Energy | $100 million |
| Wellgistics Health | Undisclosed | Healthcare | $50 million |
| Gumi Inc. | Japan | Gaming/Tech | $17 million (XRP & BTC) |
| Nature’s Miracle Holding | USA | Agriculture | $20 million |
| Hyperscale Data | Undisclosed | Data/Technology | $10 million |
| Worksport | USA | Automotive | Up to $5 million |
The blueprint that brought Bitcoin into mainstream company treasuries is now increasingly being applied to XRP, with eight public firms announcing nearly $2 billion in in-house XRP reserves.
Strategic objectives and funding models
Unlike speculative trading, these allocations are long-term treasury strategies embedded into the companies’ financial planning. Trident Digital and VivoPower have financed their positions with capital raised from investors, while Webus International opted for debt-based facilities. Worksport redirected surplus cash, and Hyperscale mixed direct acquisitions with DeFi-based lending mechanisms.
Soon Huat Lim, CEO of Trident Digital Tech Holdings, stated that digital assets are central to the changing global financial landscape, indicating the firm’s conviction in holding XRP for strategic purposes.
According to Soon Huat Lim, embracing digital assets within the company’s treasury is aligned with their long-term vision for global finance.
XRP follows the corporate bitcoin playbook
The trend mirrors the playbook initiated by Strategy, previously MicroStrategy—a US-based business intelligence company—in 2020, which famously allocated billions into Bitcoin. With approximately $2 billion in planned corporate XRP treasuries, institutional adoption is accelerating along similar lines.
Legal clarity around XRP’s regulatory status has improved, encouraging public companies to make significant, publicly disclosed investments. Each new treasury signals growing institutional acceptance and helps reinforce XRP’s profile as a reserve asset among listed firms.
Notably, Evernorth, a Ripple-supported digital asset treasury company, currently holds nearly 0.5% of XRP’s total token supply but is not included in the current tally of public commitments.
Mini dictionary: Evernorth – An institutional-grade digital asset treasury manager focused on helping large organizations allocate digital assets for long-term holdings, with particular expertise in XRP-based reserves.
The sustained accumulation by multiple public companies underlines structural demand for XRP and could have long-term effects on its price stability as institutions scale up their positions.
