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Trident and OutDrive GP Partner to Support Grand Prix™ Season Singapore 2025
Globenewswire· 2025-09-30 12:30
Core Insights - Trident Digital Tech and OutDrive GP have formed a strategic partnership to enhance participation in the GPSS Apex League during the Grand Prix™ Season Singapore 2025 [1][2] - The GPSS Apex League will feature a public sim racing tournament and culminate in a Finals and Exhibition Race, showcasing professional drivers and top sim racers [3][4] Company Overview - Trident Digital Tech is focused on digital transformation and Web 3.0 activation, with its flagship product, Tridentity, being a blockchain-based identity platform [6] - OutDrive GP is a hybrid motorsport league that combines live and online events, engaging fans through participation with F1 drivers and celebrities [7] Event Details - The GPSS Apex League will take place from September 29 to October 3, 2025, at Clarke Quay Fountain Square, aiming to boost visibility and fan engagement [2][4] - Fans can register for the public tournament through Trident's digital platforms, which will also promote the event [4][5]
Trident Reports First Half 2025 Unaudited Financial Results
Globenewswire· 2025-09-23 11:00
Core Insights - Trident Digital Tech Holdings Ltd reported its unaudited financial results for the first half of 2025, highlighting a focus on strategic investments aimed at long-term value creation [2][7] - The company is positioning itself as a leader in the digital asset ecosystem, emphasizing the importance of bold actions for future infrastructure development [2][3] Financial Performance - Total revenues for the six months ended June 30, 2025, were $36,612, a significant decrease from $378,839 for the same period in 2024, representing a decline of approximately 90.3% [7][10] - Gross profit for the same period was $17,643, slightly down from $18,449 in 2024 [7][10] - The net loss for the first half of 2025 was $11,271,548, compared to a loss of $1,927,027 in the previous year, indicating a substantial increase in losses [10] Strategic Developments - On June 25, 2025, Trident signed a public-private partnership agreement with the Government of the Democratic Republic of Congo to deploy a national digital identification system called "DRCPass" [3] - On August 18, 2025, the company announced a definitive agreement to acquire a 30% equity stake in Tongxin Innovation Limited, enhancing its Web 3.0 ecosystem [4] Company Overview - Trident is focused on digital transformation and Web 3.0 activation, with its flagship product, Tridentity, being a blockchain-based identity platform [5] - The company aims to connect organizations to secure digital infrastructure, particularly targeting high-growth markets in Southern Africa [5]
Chaince Securities LLC Serves as Exclusive Placement Agent in Trident Digital Tech Holdings' $2.6 Million Private Placement
Globenewswire· 2025-09-17 12:30
Core Insights - Chaince Securities LLC successfully completed its role as the exclusive placement agent for Trident Digital Tech Holdings Ltd in a $2.6 million private placement of securities [1][2][4] - Trident raised approximately $2.6 million in gross proceeds through the issuance and sale of Class B ordinary shares to institutional investors [2][3] - The net proceeds from this offering will be used for general corporate purposes, including technology development, potential acquisitions, and working capital [3] Company Overview - Chaince Securities LLC is a FINRA-registered broker-dealer and a subsidiary of Mercurity Fintech Holding Inc, focusing on providing advisory, placement, and capital markets solutions for emerging growth companies [6] - Trident Digital Tech Holdings Ltd is a Singapore-based technology company specializing in digital transformation and Web 3.0 activation, with its flagship product being a blockchain-based identity platform called Tridentity [7]
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]
Trident Announces Strategic Investment in Web 3.0 E-Commerce Firm Tongxin Innovation Limited
Globenewswire· 2025-08-18 11:00
Core Insights - Trident Digital Tech Holdings Ltd has entered into a definitive sales and purchase agreement to acquire a 30% equity stake in Tongxin Innovation Limited, valued at approximately US$3 million, implying a total valuation of US$10 million for Tongxin [1] - The acquisition aims to enhance Trident's Web 3.0 ecosystem and demonstrates its commitment to blockchain-enabled e-commerce solutions [1][4] Company Overview - Trident is a 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 [5] - The company focuses on connecting organizations to reliable digital infrastructure, particularly in high-growth markets like Southern Africa [5] Tongxin and ToMe Platform - Tongxin's ToMe is a pioneering Web 3.0 e-commerce application built on Telegram, addressing traditional e-commerce pain points with its 4F value proposition: Fair, Fast, Friendly, and Free [2] - The platform has established strategic partnerships with decentralized blockchain projects and has preliminary agreements with AI-powered shopping malls in Southeast Asia [2] Strategic Synergies - The combination of Trident's Tridentity platform with ToMe's e-commerce infrastructure creates a secure ecosystem for digital commerce, enhancing security and user experience [3] - Trident's presence in various high-growth markets can help expand ToMe's reach beyond its current user base, accelerating blockchain adoption in mainstream commerce [3]
Trident Digital Tech Holdings (TDTH) Seeks Stablecoin Licenses Across Multiple African Markets to Drive Ripple USD (RLUSD) Adoption
Globenewswire· 2025-08-08 12:17
Core Viewpoint - Trident Digital Tech Holdings Ltd is pursuing regulatory approvals for stablecoin operations in Africa to enhance financial inclusion and digital payments infrastructure through the adoption of Ripple USD (RLUSD) [1][3] Strategic Background - The company aims to raise up to US$500 million to establish one of the largest corporate XRP treasuries, leveraging staking mechanisms and integrating with the Ripple ecosystem [2] African Expansion for RLUSD - TDTH is extending its ambitions to secure stablecoin licenses for RLUSD in multiple African markets, which will improve cross-border payments and address local currency liquidity challenges [3] Why RLUSD in Africa Makes Sense - RLUSD has gained traction, reaching over US$500 million in circulating supply shortly after issuance [4] - There are ongoing innovations in stablecoin payments across Africa, including initiatives by Circle's USDC and Visa's pilot programs [4] Leadership Quote - The CEO emphasizes that pursuing stablecoin licenses and RLUSD adoption aligns with the mission to enable Web 3.0 transformations in emerging markets, reflecting the belief that blockchain-native assets can reshape financial infrastructure [5] Next Steps - TDTH is in discussions with regulatory authorities and local partners to understand licensing pathways, aiming for phased rollouts in pilot countries by mid-2026 [5] Company Overview - Trident Digital Tech Holdings is dedicated to digital transformation, particularly through its blockchain identity platform Tridentity, and has established itself as a trusted Web 3.0 infrastructure partner in emerging markets [6] About Trident - The company focuses on technology optimization and Web 3.0 activation, with a mission to connect organizations to secure digital infrastructure, particularly in Southern Africa and high-growth markets [7]
Trident Drives Engagement for Singapore’s National Day Parade 2025
Globenewswire· 2025-08-07 08:00
Core Insights - Trident Digital Tech Holdings Ltd. is the Principal Partner of Singapore's National Day Parade 2025, promoting the Tridentity GO campaign to celebrate SG60 and connect local merchants with customers [2][8] Group 1: Tridentity GO Campaign - The Tridentity GO campaign is a nationwide digital initiative running from early July to the end of August, offering exclusive deals from over 70 local merchants across various sectors [3][5] - Users can collect digital "stamps" through activities such as logging into the app, answering quiz questions, and redeeming merchant deals, which can lead to prizes and a lucky draw [7][3] - As of mid-campaign, over 60 users have collected 60 stamps and claimed prizes, indicating strong engagement [4] Group 2: Supporting Local Businesses - A primary goal of the Tridentity GO campaign is to spotlight and support Singapore's local merchant community by driving traffic and increasing sales through exclusive SG60 deals [5] - The campaign integrates technology with community spirit, allowing Singaporeans to connect with their heritage and local businesses in a modern way [5][9] Group 3: Company Overview - Trident is focused on digital transformation and Web 3.0 activation, with its flagship product, Tridentity, being a blockchain-based identity platform for secure authentication [10] - The company aims to become a global leader in Web 3.0 enablement, particularly in high-growth markets [10]
Trident Drives Engagement for Singapore's National Day Parade 2025
GlobeNewswire News Room· 2025-08-07 08:00
Core Insights - Trident Digital Tech Holdings Ltd. is the Principal Partner of Singapore's National Day Parade 2025, promoting its blockchain-based identity platform, Tridentity, through a national campaign [1][2][5] Group 1: Tridentity GO Campaign - The Tridentity GO campaign is a nationwide digital initiative running from early July to the end of August, celebrating Singapore's 60th National Day with interactive experiences and exclusive deals from over 70 local merchants [3][4] - Users can collect digital "stamps" through the Tridentity app by engaging in activities such as logging in daily, answering quiz questions about Singapore's history, and redeeming special merchant deals [6][7] - The campaign aims to support local businesses by channeling traffic and boosting sales through SG60 exclusive deals, enhancing community engagement [4][8] Group 2: Company Overview - Trident is focused on digital transformation and Web 3.0 activation, with its flagship product, Tridentity, providing secure single-sign-on authentication across various industries [9] - The company's mission is to become a global leader in Web 3.0 enablement, particularly targeting high-growth markets in Southern Africa and beyond [9]
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]