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ATLANTA - Trust Stamp (NASDAQ:IDAI) has registered its TRUSTED token on the Wyoming Digital Asset Register, according to a company press release issued Monday. The registration was completed on September 19 by Global Server Management Inc., a Wyoming-based wholly owned subsidiary of Trust Stamp. The company’s stock, currently trading at $3.03, has shown strong momentum with a 45.37% gain over the past six months, according to InvestingPro data.
The TRUSTED token is an ERC-20 token initially deployed on the Ethereum blockchain on May 14, 2021, and is linked to the company’s public wallet address, truststamp.eth.
Trust Stamp CEO Gareth N. Genner stated that the company’s proprietary IT2 and StableKey identity tokens provide privacy protection while being optimized for blockchain applications. He noted that the company holds USPTO Patent #11,681,781, which covers ownership validation for cryptographic asset contracts using transformed identity tokens.
Genner also mentioned potential applications in the stablecoin sector, where the company believes it can provide issuers and custodians with identity and ownership validation tools that offer quantum-readiness and privacy protection.
Trust Stamp describes itself as a global provider of AI-powered services for multiple sectors including banking, regulatory compliance, government, and healthcare. The company focuses on solutions that reduce fraud, tokenize data, authenticate users, and protect personal privacy.
The company currently trades on the Nasdaq Capital Market and has team members from 22 nationalities working across eight countries in North America, Europe, Asia, and Africa.
In other recent news, Trust Stamp has announced a significant contract extension with a Fortune 500 financial services customer. This extension, effective through May 31, 2031, includes adjustments to the fee structure due to increased usage of Trust Stamp’s technology. The new terms guarantee minimum monthly fees and incorporate annual inflation-linked increases. Additionally, Trust Stamp has entered into a Memorandum of Understanding with the Ghana National Identity Agency. This exclusive agreement, initially set for two years, focuses on providing identity tokenization services. The deal includes a Joint Working Team to develop a long-term contract for digital identity implementations and revenue-sharing arrangements. These developments highlight Trust Stamp’s ongoing efforts to expand its service offerings and partnerships.
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