Singapore: Trident Digital Tech Holdings Ltd ('Trident' or the 'Company,' NASDAQ: TDTH), a Singapore-based leader in digital transformation and Web 3.0 activation, has announced a definitive sales and purchase agreement (the 'SPA') to acquire a 30% equity stake in Tongxin Innovation Limited ('Tongxin'). Tongxin operates the ToMe Web 3.0 e-commerce platform on Telegram. The proposed transaction, valued at approximately US$3 million, involves the issuance of Trident's ADSs in the form of Class B ordinary shares to Tongxin's shareholders, valuing Tongxin at approximately US$10 million. This strategic investment marks an expansion of Trident's Web 3.0 ecosystem and signifies the company's focus on blockchain-enabled e-commerce solutions.

According to BERNAMA News Agency, a global messaging platform with over one billion users. It aims to address traditional e-commerce challenges through its 4F value proposition: Fair, Fast, Friendly, and Free. These principles highlight the platform's focus on digital property rights, stablecoin settlement, community-based ecosystems, and free trade. Tongxin has partnered with decentralized blockchain ecosystem projects on Ton, which have a combined user base of over 10 million and active communities in Dubai, Singapore, and Hong Kong. Tongxin has also reached preliminary agreements with real-world asset companies operating AI-powered shopping malls in Southeast Asia. The company's leadership team has experience from eBay, Paypal, Tencent, and JD.com, positioning it to develop a global online and offline micro-business ecosystem.