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Trident Announces Completion of $2.6 Million PIPE Financing to Support Expansion and Development of DRC pass in Africa, Chaince Securities LLC acted as the Exclusive Placement Agent
Globenewswire· 2025-09-16 12:30
Company Overview - Trident Digital Tech Holdings Ltd. is a Singapore-based company focused on digital transformation and Web 3.0 activation [1][5] - The company's flagship product, Tridentity, is a blockchain-based identity platform aimed at providing secure single-sign-on authentication across various industries [5] Recent Developments - Trident successfully completed a Private Investment in Public Equity (PIPE) financing, raising approximately $2.6 million in gross proceeds, which will be used to support the expansion and commercialization of DRC pass in the Democratic Republic of Congo [1] - Chaince Securities LLC acted as the exclusive Placement Agent for this transaction, leveraging its expertise in bridging digital assets with U.S. capital markets [2] Market Demand and Strategy - There is a growing demand for secure, efficient, and inclusive financial solutions across Africa, which Trident aims to address by leveraging its Tridentity technology [3] - The financing is seen as a validation of the company's strategic direction and will provide resources to enhance its global presence in digital identity and electronic Know Your Customer (EKYC) solutions [4]
Trident's DRC Pass Digital Identity System Recognized at Africa Singapore Business Forum as Model for International Collaboration
Globenewswire· 2025-08-28 11:00
Core Insights - Trident Digital Tech Holdings Ltd. is implementing a nationwide digital identification system, DRC Pass, in partnership with the Democratic Republic of Congo, aimed at enhancing financial inclusion and public service delivery for over 110 million citizens [2][3][4] - The DRC Pass system is recognized as Africa's most ambitious Web 3.0 digital identity deployment, focusing on biometric-blockchain SIM card registration, single-sign-on access, digital payments, and centralized digital identity credentials [4][6] - The phased deployment of DRC Pass is underway, supported by a public education campaign to ensure widespread adoption [7] Company Overview - Trident is a leading catalyst for digital transformation and Web 3.0 activation, with its flagship product, Tridentity, being a blockchain-based identity platform designed for secure single-sign-on authentication [8] - The company aims to become a global leader in Web 3.0 enablement, focusing on Southern Africa and other high-growth markets [8] Strategic Importance - Minister Grace Fu highlighted the strategic importance of Singapore-Africa partnerships in driving digital transformation, encouraging businesses to explore new markets and contribute to Africa's growth [6]
Yuenglings Ice Cream Corp (OTC YCRM) Is Now Frequency Holdings Inc (OTC FRQN) as Strategic Evolution Takes Hold
Globenewswire· 2025-07-31 12:30
Core Viewpoint - Frequency Holdings Inc has transitioned from Yuenglings Ice Cream Corp to a multi-brand technology holding company focused on cybersecurity, AI, and digital identity, marking a significant strategic shift [1][3][4] Group 1: Company Structure and Strategy - Frequency Holdings is modeled after Berkshire Hathaway and Alphabet, with subsidiaries operating independently while benefiting from shared strategic leadership [2] - The flagship operating company, ReachOut, is acquiring and scaling cybersecurity-focused managed service providers (MSPs) across the US [2] - The company aims to unveil additional ventures in decentralized identity and artificial intelligence in the coming quarters [1][4] Group 2: Leadership and Vision - CEO Rick Jordan emphasizes that the name change represents a broader vision of building a platform that accommodates multiple companies, each with its own identity [3] - Kevin Harrington, a board member, supports the vision, highlighting the right timing and industry conditions for growth [3][6] - David Meltzer, another board member, expresses commitment to innovation and value creation within the company [3][8] Group 3: Company Background - Frequency Holdings is focused on high-growth ventures in cybersecurity, AI, digital identity, and IT infrastructure, with ReachOut as its lead operating brand [4] - The company previously operated under the name Yuenglings Ice Cream Corp and traded under the symbol YCRM, with the new name and symbol effective immediately [1][3]
Trident 與剛果民主共和國簽署最終數碼身份合作協議,啟動全國「DRCPass」部署
Globenewswire· 2025-06-26 14:23
Core Points - Trident Digital Tech Holdings Ltd. has signed a public-private partnership (PPP) agreement with the government of the Democratic Republic of the Congo (DRC) to implement a national digital identity system called DRCPass [1][4] - The agreement establishes Trident as the exclusive e-KYC service provider for the DRC, focusing on enhancing digital transformation and Web 3.0 development in the country [1][3] Group 1: Agreement and Implementation - The finalization of the PPP agreement marks the official launch of the national digital identity system in the DRC, which will be rolled out in phases alongside public education initiatives [1][4] - Trident's deployment will focus on four key applications: SIM card registration, access to e-government and business portals, digital payments, and a secure digital citizen identity [3][4] Group 2: Benefits and Impact - The e-KYC technology will simplify identity verification processes for organizations while enhancing security measures, addressing issues like "ghost numbers" in SIM card registrations [3][4] - The DRC has over 80 million mobile device subscribers, and the implementation of secure e-KYC services is expected to benefit a growing banking user base [4] Group 3: Company Overview - Trident aims to be a leader in digital transformation and Web 3.0, with its flagship product, Tridentity, providing a blockchain-based identity platform for secure single sign-on verification services [5] - The company focuses on developing reliable and secure digital infrastructure, particularly in Southern Africa and other high-growth markets [5]
Trident and Democratic Republic of Congo Sign Final Digital Identity Partnership and Launch Nationwide “DRCPass” Deployment
Globenewswire· 2025-06-25 13:00
Core Points - Trident Digital Tech Holdings Ltd. has signed a definitive public-private partnership agreement with the Government of the Democratic Republic of Congo to launch the national digital identification system "DRCPass" [1][2] - The partnership is a culmination of a collaboration framework established in December 2024, positioning Trident as the exclusive provider of electronic Know Your Customer (e-KYC) services in the DRC [2] Group 1: Digital Identification System - The DRCPass will be deployed in phases, accompanied by a public-education campaign to ensure widespread adoption [1] - The system aims to enhance governance and financial inclusion in the DRC, marking a significant step towards digital sovereignty [9] Group 2: e-KYC Technology Applications - The e-KYC technology will streamline identity verification, focusing on four core use cases: 1. SIM-card registration to eliminate "ghost" lines and reduce fraud [3] 2. Seamless access to e-government and business portals through single-sign-on (SSO) [4] 3. Enabling digital payments with instant credit access [4] 4. Providing a centralized digital citizen identity that complements physical IDs [5] Group 3: Market Potential - The DRC has over 80 million mobile subscribers, indicating a substantial market for secure e-KYC services [10] - Trident aims to leverage this opportunity to enhance digital transformation and financial access in the region [11]