Trust Stamp announces a Letter of Intent for a transformative strategic alliance
2024年7月18日 - 10:30PM
Trust Stamp (Nasdaq: IDAI) announced that it has entered into a
Letter of Intent with Qenta Inc. for a strategic alliance to serve
a global federated network including crypto, bank, and other
financial services companies. The Letter of Intent is non-binding
until the definitive transaction documents are executed.
Gareth N. Genner, CEO of Trust Stamp, commented, “Qenta is a
global company that elevates the world’s citizens and businesses
through a frictionless, accessible, secure, and compliant financial
ecosystem that can digitize and democratize all of the world’s
assets and transactions. According to a report by the Boston
Consulting Group, the global movement from physical to digital
transactions is estimated to result in $16 Trillion in annualized
digital transactions by 2030, with resulting service revenue from
tokenization predicted to grow from $2.81 Billion in 2023 to $13.2
Billion by 2032.”
Genner went on to say, “Qenta’s interlocking products and
services, including the QOS blockchain, bridge the gap between
legacy financial rails and the new, digital and tokenized economy
and will be further enhanced by Trust Stamp’s proprietary
technology providing secure, tokenized identity services ensuring
both compliance and privacy. Given that twenty of our issued
patents and nine of our pending patents are directly related to
tokenization of identity and data, I believe that Trust Stamp is
well positioned to play a significant role in the fast-growing
digital transaction market."
Brent De Jong, Chairman, CEO, and Founder of Qenta, commented,
“This strategic alliance brings together two innovative companies
with complementary technologies. Trust Stamp and Qenta share a
vision of shaping the future of identity and data management.
Combining our technologies and solutions will enhance capabilities
for innovative and regulatory-compliant AI-powered solutions
addressing data controls, privacy, secure content transfer, and
payments. Our alliance will leverage relationships and activities
in major market sectors such as finance, commodities, advertising,
government, media, and sports. Both companies operate in multiple
geographies and have complementary capabilities, enabling a more
comprehensive and global delivery of products and services to
businesses, governments, regulatory bodies, and consumers.”
Enquiries
Trust Stamp
Email: Shareholders@truststamp.ai
About Trust Stamp
Trust Stamp is a global provider of AI-powered identity and
tokenization services for use in multiple sectors, including
banking and finance, regulatory compliance, government, real
estate, communications, and humanitarian services. Its technology
empowers organizations with advanced solutions that reduce fraud,
protect personal data privacy, increase operational efficiency, and
reach a broader base of users worldwide through its unique data
transformation and comparison capabilities.
Located across North America, Europe, Asia, and Africa, Trust
Stamp trades on the Nasdaq Capital Market (Nasdaq: IDAI).
Safe Harbor Statement: Caution Concerning Forward-Looking
Remarks
All statements in this release that are not based on historical
fact are “forward-looking statements,” including within the meaning
of the Private Securities Litigation Reform Act of 1995 and the
provisions of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. The information in this announcement may contain
forward-looking statements and information related to, among other
things, the company, its business plan and strategy, and its
industry. These statements reflect management’s current views with
respect to future events-based information currently available and
are subject to risks and uncertainties that could cause the
company’s actual results to differ materially from those contained
in the forward-looking statements. Investors are cautioned not to
place undue reliance on these forward-looking statements, which
speak only as of the date on which they are made. The company does
not undertake any obligation to revise or update these
forward-looking statements to reflect events or circumstances after
such date or to reflect the occurrence of unanticipated events.
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