Trident Digital Tech Holdings Ltd Announces Strategic Partnership with Tongxin Innovation Limited
SINGAPORE, Aug. 18, 2025 (GLOBE NEWSWIRE) — Trident Digital Tech Holdings Ltd (NASDAQ: TDTH), a Singaporean leader in digital transformation and Web 3.0 innovation, has officially disclosed its entry into a definitive sales and purchase agreement (SPA) for the acquisition of a 30% equity interest in Tongxin Innovation Limited (“Tongxin”).
This company operates the pioneering ToMe Web 3.0 e-commerce platform on Telegram, a popular messaging service with over one billion users worldwide. The transaction, with a valuation nearing US$3 million, will be executed through the issuance of Trident’s American Depositary Shares (ADSs) as Class B ordinary shares to Tongxin’s shareholders, resulting in an estimated overall valuation of close to US$10 million for Tongxin.
This strategic move considerably amplifies Trident’s Web 3.0 ecosystem and illustrates its resolve to lead in blockchain-driven e-commerce solutions.
Tongxin’s ToMe platform is touted as an avant-garde Web 3.0 e-commerce application, addressing conventional e-commerce issues through its unique 4F value proposition: Fair, Fast, Friendly, and Free.
This framework emphasizes digital property rights, swift stablecoin settlements, a community-centric ecosystem, and a staunch commitment to the principles of free trade.
Tongxin has forged strategic alliances with leading decentralized blockchain projects on Ton, collectively boasting a user base exceeding 10 million, particularly in key regions such as Dubai, Singapore, and Hong Kong. Preliminary agreements have also been established with prominent real-world asset (RWA) companies engaged in AI-enhanced shopping malls across Southeast Asia.
The company’s leadership team, which draws expertise from eBay, PayPal, Tencent, and JD.com, is well-positioned to cultivate a global micro-business ecosystem encompassing both online and offline realms.
The synergy between Trident’s blockchain-based identity framework, Tridentity, and ToMe’s Web 3.0 e-commerce platform creates a robust ecosystem for secure and authenticated digital commerce. The integration of Tridentity’s single-sign-on authentication with ToMe’s infrastructure promises to bolster security and enhance the user experience throughout the entire transaction process.
Moreover, Trident’s established presence in Singapore, Africa, and other burgeoning markets affords the opportunity to broaden ToMe’s footprint beyond its current user base. Together, the combined expertise of both firms is expected to expedite the adoption of blockchain within mainstream commerce, thereby generating innovative use cases and new revenue channels.
“This acquisition is perfectly aligned with our ambition to emerge as a global leader in Web 3.0 enablement,” stated Soon Huat Lim, Founder, Chairman, and Chief Executive Officer of Trident. “Tongxin’s ToMe platform epitomizes the future of e-commerce, seamlessly fusing blockchain technology with one of the world’s largest messaging applications.
The resulting synergies between ToMe’s Web 3.0 commerce functionalities and our Tridentity platform herald significant potential for innovation and growth.”
About Trident
Trident stands as a foremost agent of digital transformation, specializing in technology optimization and Web 3.0 enactment. Its flagship offering, Tridentity, is an innovative blockchain-based identity platform engineered to provide secure single-sign-on authentication across multiple industries.
Trident’s mission is to attain global leadership in Web 3.0 enablement, connecting businesses to reliable and secure digital infrastructures while refining user experiences with a particular focus on Southern Africa and other dynamic markets.
Safe Harbor Statement
This announcement contains statements that may constitute “forward-looking” statements in accordance with the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements can be recognized by terms such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar expressions.
The company might also deliver written or oral forward-looking statements in its regular reports to the SEC, in its annual report for shareholders, and in oral remarks made by its executives to third parties. Statements not grounded in historical fact, including observations about the Company’s beliefs and plans, are considered forward-looking statements.
Various factors could significantly impact actual results, diverging from those discussed in any forward-looking statement, including but not limited to the unrealized acquisition of 30% equity interests in Tongxin as planned; potential adverse reactions or shifts in business partnerships; unfavorable economic or market conditions; actions by regulatory bodies; the Company’s strategic direction, future prospects, and financial health; anticipated growth in the digital solutions market; and socio-political and legal developments in jurisdictions where the Company operates or aims to expand.
Further details regarding these and other risks can be found in the Company’s filings with the SEC. All information outlined in this announcement is accurate as of the date stated, and the Company does not undertake any obligation to update any forward-looking statement unless mandated by applicable law.
Investor & Media Contacts
Investor Relations: Robin Yang, Partner – ICR LLC
[email protected] | +1 (212) 321-0602 | Media Relations: Brad Burgess, SVP – ICR LLC
[email protected] | Source: Trident Digital Tech Holdings Ltd | 2025 GlobeNewswire, Inc.
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