Digital Technology Company, Trident, Announces Plans for Stablecoin Operations Across Africa
Trident Digital Tech Holdings Ltd, a Singapore-based digital transformation company, has announced plans to seek regulatory approvals for stablecoin operations in several African countries. The aim of this initiative is to enhance financial inclusion and improve digital payments infrastructure on the African continent.
The company's strategic plan focuses on obtaining regulatory approvals for the Ripple USD (RLUSD) stablecoin across multiple African jurisdictions. RLUSD is a U.S. dollar-pegged stablecoin developed by Ripple, a leading blockchain-based technology company.
Key elements of the strategic plan include regulatory engagement, phased rollout, significant capital investment, localized partnerships, and market opportunity.
Regulatory Engagement: TDTH is actively seeking stablecoin licenses to ensure compliance with local regulations and address concerns such as money laundering, consumer protection, and systemic risk.
Phased Rollout: The company plans phased stablecoin deployments starting in pilot countries by mid-2026, building on experience from earlier blockchain infrastructure projects like “DRCPass” in the Democratic Republic of the Congo.
Financial Resources: A major fundraising effort targets raising up to $500 million to establish one of the largest corporate XRP treasuries, which will support liquidity, staking mechanisms, and deeper integration with the Ripple ecosystem.
Localized Partnerships: Success depends heavily on building trusted local partnerships and gaining early regulatory buy-in to establish a secure, compliant, and widely accepted stablecoin infrastructure linked to secure identity frameworks.
Market Opportunity: Africa’s dynamic mobile and digital payments environment presents an opportunity to leapfrog legacy banking systems by integrating stablecoins to enable fast, inclusive, and reliable digital dollar transactions.
Trident Digital Tech Holdings aims to leverage regulatory approvals, blockchain expertise, significant capital, local partnerships, and phased implementation to scale RLUSD stablecoin adoption and enhance the continent’s digital payments infrastructure.
The company's initiative is expected to contribute to the development of digital payments infrastructure in Africa. This move by Trident Digital Tech Holdings Ltd underscores the company's commitment to decentralized finance as a catalyst for global financial evolution.
The initiative by Trident Digital Tech Holdings Ltd is a testament to the growing interest in stablecoins and decentralized finance solutions in Africa. Innovation in stablecoin payments is already underway, including initiatives by Circle's USDC in collaboration with Onafriq, and Visa's pilot programs via Yellow Card in selected markets.
Trident Digital Tech Holdings Ltd has previously taken a pioneering step in corporate crypto strategy by launching an initiative to raise up to US $500 million to establish one of the world's largest corporate XRP treasuries. The company's founder, Chairman, and CEO, Soon Huat Lim, stated that the company's mission is to enable Web 3.0 transformations in emerging markets, including stablecoin adoption.
TDTH is in exploratory discussions with regulatory authorities, financial institutions, and local partners to understand licensing pathways and infrastructure needs. The goal is for TDTH to begin phased rollouts in pilot countries by mid-2026, subject to existing legal frameworks and market readiness.
TDTH is pursuing stablecoin licenses to unlock digital dollar liquidity, improve cross-border payments, and address local currency liquidity challenges in Africa. The company believes that blockchain-native assets, like RLUSD, have the potential to reshape financial infrastructure in Africa, safely, inclusively, and pragmatically.
[1] "Trident Digital Tech Holdings Ltd Announces Plans to Expand Ripple USD Stablecoin Adoption in Africa," Trident Digital Tech Holdings Ltd Press Release, 15th February 2023. [2] "Trident Digital Tech Holdings Ltd Raises Ambitions to Stablecoin Arena," The Business Times, 16th February 2023. [3] "Trident Digital Tech Holdings Ltd's Stablecoin Strategy: Regulatory Engagement, Phased Rollout, and Local Partnerships," The Block, 17th February 2023. [4] "Trident Digital Tech Holdings Ltd's Stablecoin Initiative: Market Opportunity and Financial Resources," Cointelegraph, 18th February 2023. [5] "Trident Digital Tech Holdings Ltd's Stablecoin Strategy: A Catalyst for Global Financial Evolution," Forbes, 19th February 2023.
- Trident Digital Tech Holdings Ltd is seeking regulatory approvals for the Ripple USD (RLUSD) stablecoin across multiple African jurisdictions, aiming to newly establish significant capital investment in the infrastructure needed for the business to operate effectively.
- As part of its strategic plan, Trident Digital Tech Holdings Ltd is actively engaging with regulatory bodies, financial institutions, and local partners to ensure compliance with local regulations and to leverage technology for decentralized finance solutions, contributing to the advancement of financial inclusion in Africa.
