Trident Digital Tech Holdings Ltd

Core business: Traditional IT Services: Providing business consulting and customized IT solutions for small and medium-sized enterprises in industries such as e-commerce, food and beverage, and fintech, including brand positioning, multi-channel commerce, data analysis, and more. Web 3.0 Transformation: Focus on developing the blockchain-driven digital identity platform Tridentity, which includes modules such as NFT ticketing (Tri-Event), blockchain food delivery (Tri-Food), and virtual community (Tri-Verse), aiming to build a secure and transparent decentralized e-commerce ecosystem. Strategic Layout: By acquiring and integrating technological resources, expanding Web 3.0 infrastructure, the plan is to build Tridentity into a core digital identity platform in Southeast Asia. Cooperating with governments such as the Democratic Republic of the Congo to promote the construction of national-level digital identity systems, involving blockchain, AI, and zero-knowledge proof technologies.

Traditional business income: The revenue from IT consulting, software customization, and annual subscription fees in the first half of 2024 accounted for approximately 99.5% (370,000 USD) of traditional business income. Collaborate with global e-commerce companies such as Sil Koo and Hai Tu to obtain service revenue sharing through data collaboration and supply chain optimization. Web 3.0 Business Exploration: The plan is to achieve profitability through transaction fees, NFT minting service fees, and advertising revenue on the Tridentity platform, but it is still in the development stage. In the first half of 2024, it contributed only $1,872 in revenue. Government project revenue: For example, the Congo Digital Identity System project is expected to create 30,000 jobs and generate long-term revenue through technology licensing and operational services.

Traditional business: Provide stable cash flow (revenue of $378,000 in the first half of 2024) to support the R&D investment in Web 3.0 business. Enhance customer loyalty, accumulate data assets through industry solutions, and provide a user base for the Web 3.0 ecosystem. Web 3.0 Business: Seizing the opportunity in the Southeast Asian digital identity market, Tridentity has attracted over 200 small and medium-sized enterprises for trial use, with potential users exceeding one million. Government cooperation projects enhance brand credibility, paving the way for future participation in digital infrastructure in other countries.

Technical relevance: The Tridentity platform is based on blockchain technology and may support cryptocurrency payments such as XRP and USDC in the future, but currently does not directly hold or trade cryptocurrencies. The collaboration plan with DeFi protocols such as the Flare network will launch in Q3 2025, potentially driving the application of XRP in cross-border payments. Market expectations: The company's Web 3.0 strategy was interpreted by the market as a potential application scenario for cryptocurrency, and TDTH's stock price rose 17.89% in a single day when it announced cooperation with Congo in March 2025. If Tridentity integrates cryptocurrency payments, it may drive the demand for stablecoins among small and medium-sized enterprises in Southeast Asia, indirectly affecting the circulation of currencies such as USDT and USDC.