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Trust Stamp and Blue Gold (Nasdaq: “BGL”) jointly announce a Letter of Intent for Trust Stamp to develop a biometrically verified Wallet of Wallets for Blue Gold customers
Globenewswire· 2025-12-22 14:15
Core Insights - Trust Stamp and Blue Gold have signed a Letter of Intent to develop a biometrically validated Wallet of Wallets for Blue Gold's VIP customers holding Standard Gold Coins (SGC), which are backed by physical gold stored in a Brinks vault [1][3] Company Overview - Trust Stamp is a global provider of AI-powered identity and security solutions, serving multiple sectors including banking, finance, and healthcare, with a focus on reducing fraud and enhancing user privacy [6][7] - Blue Gold aims to integrate physical gold with the digital financial system, having recently secured access to one million ounces of physical gold for the issuance of SGC [3] Technology and Features - The Wallet of Wallets will utilize Trust Stamp's patented identity tokenization and cryptographic technologies, providing a secure and privacy-protecting solution for digital asset management [2][5] - Key features of the Wallet include: - Elimination of the need for memorizing passwords and private keys, serving as a non-custodial wallet for various digital assets [5] - Biometric authentication through a cryptosystem that binds live biometrics to the user's wallet, ensuring security without storing biometric data [5] - Resistance to tampering, as compromised information is fragmented and cannot be re-combined without the user's live presence [5] - Application of zero-knowledge-proof protocols for remote identity proofing [5] Strategic Importance - The partnership between Trust Stamp and Blue Gold is positioned to enhance trust and transparency in the tokenized gold ownership ecosystem, aligning with institutional standards [3]