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Trust Stamp has been awarded two new patents by the U.S. Patent and Trademark Office, enhancing its innovative offerings in identity verification. The patents, numbered US11095631 and US11093771, introduce advanced systems for identity verification through third-party accounts and liveness-verified biometric-based encryption. Trust Stamp aims to bolster its competitive edge in the market through these technologies, which aim to reduce fraud and enhance security. The company is raising a public funding round of $5M to support its upcoming Nasdaq listing and accelerate product development.
Trust Stamp (OTCQX: IDAID) has appointed Raman Narayanswamy as its Chief Innovation Officer to boost its global growth strategy. With over 20 years in identity and cybersecurity, Narayanswamy previously held a key role at Mastercard, where he developed digital identity solutions for underserved markets. He aims to leverage Trust Stamp's technology for innovation in the digital identity space. The company is also raising $5M to support its listing on the Nasdaq Capital Market and enhance commercial growth.
Trust Stamp is launching a $5 million funding round through Regulation CF and D offerings to facilitate its application for Nasdaq uplisting. The share-warrant combination is priced at $4, with minimum investments set at $1,000 and $5,000 for the respective offerings. Following a successful $4 million raise earlier this year and notable achievements, including a five-for-one stock split, Trust Stamp continues to grow its client base and intellectual property. The company emphasizes accelerating digitization and regulatory demands as key market drivers.
