trident

ChainCatcher news, according to GlobeNewswire, Trident Digital Tech Holdings (NASDAQ: TDTH) announced today that it plans to apply for stablecoin operating licenses in several African countries to promote the application of RLUSD in the African market. The company also plans to raise $500 million to establish a corporate XRP reserve, strengthening its integration with the Ripple ecosystem.The company is currently in preliminary discussions with regulatory authorities and financial institutions in various countries, and it is expected to begin phased deployment in pilot countries by mid-2026.

ChainCatcher news, according to Streetinsider, Nasdaq-listed company Trident Digital Tech Holdings (Trident) plans to raise $500 million through various means such as issuing stocks, strategic placements, and structured financing tools to establish an XRP treasury (expected to launch in the second half of 2025), and has appointed Chaince Securities LLC as a strategic advisor.The plan will focus on acquiring XRP tokens as a long-term strategic reserve, deploying staking mechanisms to generate returns, and deeply engaging in the Ripple ecosystem.

ChainCatcher news, according to CoinDesk, IntoTheBlock and Trident Digital announced a merger to form a new company, Sentora, aimed at bringing institutional investors into the on-chain world.The new company is led by Trident co-founder and former Coinbase head of risk strategy Anthony DeMartino.At the same time, Sentora has completed a new financing round of $25 million, led by New Form Capital, with participation from Ripple, Tribe Capital, UDHC, and Joint Effects, as well as support from strategic ecosystem investors like Curved Ventures, Flare, and Bankai Ventures.It is reported that Sentora integrates IntoTheBlock's over $3 billion institutional-grade DeFi analytics data with Trident's structured liquidity solutions, aiming to develop a unified interface to solve the fragmentation of multi-chain protocol interactions. CTO Jesus Rodriguez stated that the goal is to build "core infrastructure that enables institutions like DAOs and family offices to securely access DeFi."

ChainCatcher news, according to Cointelegraph, Aave DAO has successfully deployed the first on-chain fixed income loan in collaboration with Trident Digital, IntoTheBlock, and TokenLogic, with a product value of 100 million dollars.This collaboration aims to provide secure and stable investment options for lenders and borrowers, mitigating the volatility and risks of traditional markets. Trident Digital CEO Anthony DeMartino stated that this new fixed income loan model offers certainty to market participants through fixed rates and terms, helping to reduce market uncertainty and volatility.

ChainCatcher message, Sushi announced that it will discontinue Trident Pools, and users need to withdraw liquidity assets by March 15, 2024, Eastern Time.

ChainCatcher news, the crypto lending platform Trident Digital Group, founded by former Coinbase executives, has completed an $8 million seed round financing, led by White Star Capital and New Form, with participation from CMT Digital, Joint Effects, and Permit Ventures. Trident will launch a yield product that links returns to risk-free interest rates while ensuring that government bonds physically back any deposits.It is reported that Trident CEO DeMartino previously worked at UBS, Barclays, and HSBC, joined Coinbase in 2021 as Head of Risk Strategy, focusing on DeFi and derivatives trading, and later served as CEO of Matrixport's U.S. operations for a year before resigning in July. Trident's Chief Business Officer Toby Norfolk-Thompson was the Chief Investment Officer of Coinbase Risk Strategy at Coinbase and previously served as Chief Investment Officer for the U.S. and U.K. at Matrixport.

ChainCatcher news, Arbitrum ecosystem game Trident has completed a $3 million token public fundraising, with a public offering price of 1.4305 USDC. This public offering was oversubscribed by approximately 4.91%, and Trident stated that the oversubscribed portion will be supplemented by tokens held by the team. In addition, all existing liquidity pools for Trident are not officially established, and the official team will later establish a PSI/USDC liquidity pool on OasisSwap. (source link)