- The stock price of Trust Stamp (IDAI) surged by 48.98% in the most recent trading session. This is why.
The stock price of Trust Stamp (IDAI) surged by 48.98% in the most recent trading session.
Why: Trust Stamp announced that it has received a Notice of Allowance from the United States Patent Office for its Privacy-First Identity Company trademark.
Trust Stamp had launched its low-code Privacy-First Identity solution for banks and financial institutions in 2022 and is now seeing significant traction, with 22 banks (with total assets exceeding $50 billion) enrolling in paid pilot programs over the past three months.
Plus, Trust Stamp’s accelerating traction with banking institutions parallels its 2022 release of a range of Privtech Certified identity products to empower government agencies to balance safe and efficient interaction with digital users with minimized intrusion into the user’s privacy.
“Trust Stamp’s mission is to accelerate secure financial and societal inclusion, on and offline, for everyone, everywhere, by giving them the means to establish their identity using universally accessible privacy-first products and services. Our mission’s emphasis on privacy resonates with multiple industries, and this trademark further emphasizes our commitment to making our mission a reality.”
— Gareth Genner, CEO & Co-founder of Trust Stamp