Trust Stamp Inc (NASDAQ:IDAI, ISE:AIID), a provider of AI-powered trust and identity solutions, and Blue Gold, a gold-focused fintech, announced a Letter of Intent to develop a biometrically validated “Wallet of Wallets” for Blue Gold VIP customers holding Standard Goin Coins (SGC).
The wallet will use Trust Stamp’s identity tokenization and cryptographic technologies to allow non-custodial access to SGC and other digital assets, using tokenized facial biometrics for authentication.
According to the Trust Stamp, the system eliminates the need for passwords, PINs, or private keys, and incorporates multi-device access, tamper-resistant storage, and zero-knowledge-proof protocols.
“Trust Stamp’s secure and privacy protecting identity and asset tokenization technologies are expressly designed for the digital economy,” Trust Stamp CEO Gareth Genner said in a statement.
“As digital assets are becoming mainstream their promulgation demands the advanced security and privacy protections that our technology affords, and the Wallet of Wallets is a perfect solution for Blue Gold’s VIP customers.”
Nathan Dionne, Blue Gold chief technology officer, highlighted that the company was founded to bridge physical gold with the digital financial system at institutional standards.
“Following our recent announcement securing access to one million ounces of physical gold to support the initial issuance of Standard Gold Coins, the next priority is ensuring that access to those assets is governed by security and identity infrastructure that matches the quality and permanence of the gold backing them,” Dionne said.
“Partnering with Trust Stamp enables us to strengthen the trust and transparency at the core of our ecosystem and positions Blue Gold at the forefront of secure, compliant, and scalable tokenized gold ownership.”
Final terms of the collaboration will be outlined in definitive agreements covering development, licensing, and commercial arrangements.
Shares of Trust Stamp added 4.2% on Monday morning at $4.02.