Workflow
identity and security
icon
Search documents
Trust Stamp provides a business update highlighting progress in focus areas
Globenewswire· 2026-02-02 13:30
Core Insights - Trust Stamp is focusing on significant growth in 2026 through acquisitions, customer base expansion, and service offerings enhancement [1] - The company has entered into non-binding letters of intent for two M&A transactions with firms from the UK National Cybersecurity Center's startup program, aiming to close these deals by the end of February 2026 [2] - The acquired companies will provide critical technology and expertise, enhancing existing products and creating new offerings, particularly in AI solutions and crisis training [3][4] Financial and Market Developments - Trust Stamp completed a financing round in Q4 2025 to secure working capital for growth initiatives in 2026 [1] - The proposed M&A transactions will result in less than 2.5% dilution of the current share capital, with minimal cash impact [2] - The company anticipates substantial economic potential from its Stablecoin-focused Wallet of Wallets (WoW) product, with plans for a market launch in Q1 and Q2 2026 [5] African Market Engagement - Trust Stamp has received its first Purchase Order for the Irreversibly Transformed Identity Token (IT2) from a major African telecommunications company, expected to generate 7-figure annual recurring revenue (ARR) [7] - Discussions are ongoing with another telecom provider in Africa, and the company is pursuing similar opportunities across the continent [8] - The company is collaborating with the Nigerian government to identify areas for technology implementation, with a visit planned for February 2026 [9][10] Technology and Product Development - Enrollment on the Orchestration Layer platform in the U.S. has reached 112 institutions, with a 20% increase in transaction volumes [11] - Trust Stamp's engagement with an S&P 500 bank is projected to generate gross annualized revenues between $2.4 million and $2.7 million in 2026 [12] - The company is expanding its identity authentication services in the healthcare sector, with ongoing negotiations for implementations in the EU [14] Intellectual Property and Innovation - Trust Stamp has completed proofs of concept for new biometric technologies, including touchless palm capture and multi-biometric solutions [18] - The company is developing tools to combat AI-powered attacks and plans to submit innovations for third-party certification in Q2 2026 [19] - Recent patent developments include a new patent for multifactor authentication systems, enhancing the company's intellectual property portfolio [20][21]
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]