HUB Token (HUBT)
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HUB Cyber Security Details HUB Token Key Use Cases for Trvsthub™ Platform in SSI-Driven Financial Applications
Globenewswire· 2025-11-12 13:30
Core Insights - HUB Cyber Security Ltd. is advancing its Trvsthub™ platform, which will utilize the HUB Token (HUBT) to enhance self-sovereign identity (SSI) in a decentralized financial ecosystem [1][2][3] Group 1: Trvsthub™ Platform Overview - The Trvsthub™ platform aims to address challenges in stablecoin transactions, cryptocurrency payments, and cross-border remittances, enhancing efficiency, compliance, and trust [1][2] - HUBT will serve as the native utility token for Trvsthub™, promoting participation and ensuring long-term viability in SSI-enabled financial applications [2] Group 2: Strategic Vision and Market Impact - The SSI framework is positioned to mitigate the $7.6 trillion annual economic impact of cybercrime, providing enterprise-grade security to various sectors [3][4] - The stablecoin market is projected to reach $282 billion in 2025, with annual transaction volumes exceeding $27 trillion [4][11] - Traditional remittance corridors, which handle $913 billion in 2025 flows, face high fees of 6-7%, and HUBT aims to reduce these costs significantly [4][11] Group 3: Security and Compliance Features - HUBT will enable ultra-low micro-fees for SSI credential management, facilitating rapid transaction settlements and reducing operational overhead [4] - The platform will incorporate advanced security measures, including hardware security modules, military-grade encryption, and AI-driven anomaly detection to protect transactions [4] Group 4: Adoption and Integration - The integration of SSI in crypto payments could automate merchant onboarding and customer verifications, significantly lowering fraud rates and compliance costs [4] - HUB Cyber Security is inviting developers and financial institutions to explore integration opportunities with the Trvsthub™ platform [5]
HUB Cyber Security Outlines Visionary HUB Token Roadmap to Enable Frictionless Stablecoin, Crypto, and Remittance Transactions Through Self-Sovereign Identity
Globenewswire· 2025-11-06 14:26
Core Insights - HUB Cyber Security Ltd. is set to launch the HUB Token (HUBT) in Q1 2026, aimed at enhancing its Trvsthub™ platform for digital financial transactions, targeting $1.2 trillion in digital financial transactions [1][10] Market Opportunity - The company aims to tap into the $47 billion global digital identity solutions market, projected to exceed $200 billion by 2034, alongside the $282 billion stablecoin market, $1.7 billion crypto payment gateways sector, and $913 billion global remittances industry [2] Self-Sovereign Identity (SSI) Framework - HUBT will facilitate self-sovereign identity (SSI) for users, transforming compliance-heavy processes into value-generating assets, addressing issues like rising costs, fraud vulnerabilities, and user friction in financial services [3][4] Compliance and Fraud Challenges - Financial institutions face escalating compliance costs, with KYC/AML verification potentially costing up to $30 million annually per institution, and individual reviews costing around $3,000 [4] - Cybercrime is expected to exceed $10.5 trillion globally by 2025, with 79% of organizations reporting payments fraud in 2024 [5] Trvsthub™ Features - Trvsthub™ will decentralize identity management, allowing users to control their data via secure digital wallets, enabling "verify once, reuse everywhere" mechanics for low-friction value transfers [6][7] - The platform will utilize zero-knowledge rollups (ZK-rollups) for credential verification without revealing underlying data, supporting compliant stablecoin issuance and crypto wallet linkages [8] Value Proposition - The three-pillar value proposition includes quantum-resilient security, instant onboarding to reduce verification times, and dramatic cost savings by automating compliance, potentially cutting KYC expenses by up to 80% [13]