Trust Stamp (NASDAQ:IDAI, EURONEXT:AIID) has announced that it is accepting sign-ups for the MetaPresence Vault waitlist, allowing users to take their digital asset protection and management to the next level.
The company said its solution provides secure account credentials and private key storage, ensuring personal wallets and digital asset keys are protected and accessible only to the user via their MetaSafe account, independent of platforms and service providers.
Trust Stamp CEO Gareth Genner said, with more than $3.2 billion in crypto stolen in 2021 and an estimated 20% of all Bitcoin permanently inaccessible due to lost credentials, protecting private keys is essential in the digital world.
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“The MetaPresence Vault takes digital asset protection and management to the next level with interoperable utility within a larger cross-platform ecosystem to power a more unified decentralized landscape,” Genner said. “We believe this technology addresses a significant unmet need in the financial sector as well as the growing consumer metaverse markets.”
Individuals will be able to transact more freely across the metaverse with the enhanced utility of protected, interoperable access to their digital assets, according to Trust Stamp.
The company plans to deliver the vault service through financial institutions, including US-based and international banks, in response to the growth in the adoption of decentralized financial services.
Based in Atlanta, Trust Stamp is a provider of AI-powered identity services for a range of sectors including banking and finance, regulatory compliance, government, real estate, communications, and humanitarian services.
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