NEWS
Trust Stamp announces a Letter of Intent for a transformative strategic alliance
Trust Stamp (Nasdaq: IDAI) has entered a non-binding Letter of Intent with Qenta Inc. for a strategic alliance to serve a global federated network including crypto, bank, and other financial services companies.
This alliance aims to integrate Trust Stamp's proprietary tokenized identity technology with Qenta's financial ecosystem, positioning both companies to capitalize on the growing digital transaction market.
Key points:
The global shift to digital transactions is estimated to reach $16 Trillion annually by 2030
Tokenization service revenue is predicted to grow from $2.81 Billion in 2023 to $13.2 Billion by 2032
Trust Stamp has 20 issued patents and 9 pending patents related to identity and data tokenization
The alliance aims to enhance capabilities for AI-powered solutionsin data controls, privacy, secure content transfer, and payments
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