T Stamp Stock Price, News & Analysis

Trust Stamp (NASDAQ:IDAI) has signed an exclusive Memorandum of Understanding with the Ghana National Identity Agency (NIA) to provide identity tokenization services. The agreement includes a two-year exclusivity period with potential extension, establishing a Joint Working Team to develop a comprehensive long-term contract based on revenue sharing.

The partnership will support NIA's management of Ghana's National Identity Register, which serves as the centralized database for citizen and resident identification, powering the Ghana Card system. This biometric national ID is essential for banking, SIM registration, regional travel, and public services.

With Ghana's population of 35 million and its position within the African Continental Free Trade Area (GDP of $3.4 trillion), the digital identity implementation could significantly impact economic growth, as countries adopting such systems could achieve 3-13% GDP growth by 2030 according to UNECA.

Trust Stamp (NASDAQ:IDAI), a privacy-first identity technology company, has been selected among the top 40 participants in South Korea's K-Startup Grand Challenge 2025. The program, supported by the Ministry of SMEs and Startups, aims to help innovative foreign startups establish presence in South Korea and expand across Asia-Pacific.

The company's selection highlights growing demand for secure, privacy-first identity solutions in South Korea. Trust Stamp's technology enables secure authentication without exposing sensitive personal data through its proprietary method of irreversibly tokenizing biometric data. The company is currently exploring collaborations with Korean enterprises and system integrators in fintech, Web3, and public sector applications.

Trust Stamp (NASDAQ: IDAI) has filed its Q2 2025 10-Q report, showcasing significant growth and improved financial metrics. The company reported Q2 2025 revenue of $0.81 million, up 62% year-over-year, with an additional $0.29 million in deferred revenue. Net loss decreased by 34% to $1.71 million in Q2.

Operating expenses showed notable improvement, declining 20% to $2.50 million for Q2 2025. The company has successfully onboarded 92 financial institutions with over $348 billion in assets through FIS, bringing total Orchestration Layer customers to 105. Transaction starts for FIS-related institutions increased by 247% over the six months ending June 2025, with completion rates up by over 30%.

Trust Stamp (NASDAQ: IDAI) has announced a strategic partnership with Neural Payments to enhance security in the P2P payment sector. The collaboration integrates Trust Stamp's low-code Orchestration Platform with Neural Payments' real-time P2P payment solutions, providing advanced identity verification for KYC processes and selfie-based payment authentication.

The partnership comes as the global P2P payment market is projected to reach $3.63 trillion in 2025 and grow to $16.21 trillion by 2034, with a CAGR of 18.10%. Neural Payments currently serves nearly 80 financial institutions, and the integration will implement Trust Stamp's Irreversibly Transformed Identity Tokens (IT2) technology, eliminating the need for traditional authentication methods like SMS codes or authenticator apps.

Both companies are graduates of the ICBA ThinkTECH Accelerator program, which represents nearly 4,500 community banks in the United States. The partnership aims to address the growing concern of P2P payment fraud, with 8% of banking customers reporting victimization by P2P scams in the past 12 months.

Trust Stamp (NASDAQ: IDAI) has filed its Q1 2025 10-Q report, revealing a revenue of $545,000, down from $574,000 in Q1 2024, with an additional $197,000 in deferred revenue. The company projects FY 2025 revenue to exceed $5.0 million from existing contracted customers. Trust Stamp expects monthly expense reductions of $180,000 compared to 2024, with an estimated monthly cash burn of $240,000 for the remaining nine months of 2025.

The company's financial position is supported by cash on hand and an unused $6.1 million ATM equity distribution agreement. Notably, Trust Stamp's Orchestration Layer platform has seen significant growth, with institutional customers increasing to 94 from 80 in Q4 2024, adding 12 community banks and 2 credit unions.

Trust Stamp (IDAI) and Partisia have announced a strategic partnership to develop an enhanced biometric holder binding solution for digital identities. The collaboration combines Trust Stamp's biometric technology with Partisia's Multi-Party Computation (MPC) to create a privacy-focused system for securely linking digital credentials to individual biometric data.

The solution transforms biometric input into non-reversible representations without storing sensitive data or cryptographic keys. By leveraging the GODS (Global Omnichain Data Service) Network, the system enables cross-platform identity verification across finance, digital services, government, and Web3 platforms, eliminating repetitive onboarding processes while maintaining user privacy.

The partnership aims to serve regulated industries, particularly banking, by offering a unified solution that streamlines onboarding, reduces fraud risks, and ensures compliance across various sectors.

Trust Stamp (IDAI) has been selected for the prestigious CyberBoost Catalyse program in Singapore, an initiative led by CyberSG Talent, Innovation and Growth Collaboration Centre, Plexal, the Cyber Security Agency of Singapore, and the National University of Singapore.

The program will support Trust Stamp's expansion across Singapore, APAC, the UK, and global markets through intensive boot camps, expert-led sessions, and one-on-one mentoring. The company will focus on developing market strategies, engaging with global investors, and scaling its privacy-first biometric authentication solutions in sectors including financial services, government, healthcare, and digital infrastructure.

Trust Stamp's Vice President APAC, Ajmir Safi, highlighted this as a key milestone in their global expansion strategy, emphasizing Singapore's position as a world leader in cybersecurity innovation.

Trust Stamp (Nasdaq: IDAI) has been selected as one of five companies to join the Mastercard Lighthouse MASSIV 2025 program, a platform supporting impact-driven technology companies. The program offers mentorship, networking opportunities, and strategic resources to companies developing scalable technologies.

Trust Stamp Denmark will collaborate with Mastercard to advance financial inclusion, support humanitarian aid efforts, and enable secure digital access for underserved communities. The company's proprietary technology converts biometrics into tokens, enhancing fraud prevention and operational efficiency while maintaining privacy standards.

Through this partnership, Trust Stamp aims to implement sustainable digital identity systems that prioritize universality, security, and privacy. The collaboration focuses on breaking vendor lock-in and developing adaptable identity solutions that could potentially impact tens of millions of people.

Trust Stamp (IDAI) has filed its 2024 FY 10-K report on March 31st, 2025, revealing significant financial developments. The company reported Q4 2024 revenue of $1.50 million, marking substantial growth from $0.51 million in Q3 2024 and $0.58 million in Q4 2023.

Looking ahead, Trust Stamp projects FY 2025 revenue to exceed $5.0 million from existing contracted customers, excluding potential revenue from non-revenue-generating contracted clients. The company anticipates monthly expense reductions of $0.1 million for the remainder of 2025 compared to 2024 levels. Cash burn is estimated at $0.75 million for Q1 2025, with an average monthly burn rate of $0.2 million projected for the rest of FY 2025.