Trust Stamp (NASDAQ:IDAI, EURONEXT:AIID) Inc said it has appointed Joshua Allen as the new CEO of Trust Stamp (NASDAQ:IDAI, EURONEXT:AIID) Malta Limited and its subsidiary Trust Stamp (NASDAQ:IDAI, EURONEXT:AIID) Rwanda Limited.
Allen joined Trust Stamp in late 2020 as executive vice president for strategic investments, mergers, and acquisitions and has served as an executive director to its board since January 2021. He brings over 20 years of experience in private equity, venture capital, and non-profit management.
“Trust Stamp Malta is our largest innovation hub with the ongoing advancement of European operations. It remains critical that this business division is effective and agile in rapidly expanding our customer base and R&D portfolio to address global privacy, security, and accessibility needs in digital systems,” said Trust Stamp CEO Gareth N. Genner in a statement.
He added: “Trust Stamp Rwanda is projected to be our largest growth area this year with tremendous opportunities both commercially and in the public-benefit space.”
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Allen noted that establishing a physical presence in Africa supported by the quality talent the company has attracted in Kigali was a highlight of 2021 and reflects our long-standing commitment to universal financial inclusion.
“The African Continental Free Trade Area connects 1.3 billion people across the continent of Africa but realizing its massive economic and societal impact is dependent on the accessibility of secure identity frameworks,” he said.
Allen continued: “As we partner with African Institutions to further our research into biometric solutions that equitably serve a diverse population, having already demonstrated the power of tokenization technology for inclusion, Trust Stamp is well-positioned to transform how organizations and individuals transact across the continent.”
The company is hosting the Trusted Rwanda hackathon in the first half of 2022, providing Trust Stamp’s advanced solutions to African FinTech and HealthTech organizations looking to develop innovative ideas that leverage secure identity and data tokenization technology to improve business and community outcomes.
The hackathon kicks off with a virtual information session on February 16, with open registration through https://trustedrwanda.truststamp.ai.
Building on momentum in the digital asset and cryptocurrency space, focused innovation around digital finance, transactions, and ownership in the metaverse is an important aspect of the growth strategy for Trust Stamp’s European R&D hub in 2022.
“I am thrilled to be a part of Trust Stamp’s story in this new way and look forward to working with two exceptional teams to achieve our company-wide goals as CEO of Trust Stamp Malta Limited and Trust Stamp Rwanda Limited,” said Allen.
Contact Ritika at ritika@proactiveinvestors.com