Trust Stamp Inc. (NASDAQ: IDAI) and Blue Gold Limited (NASDAQ: BGL) entered into a Letter of Intent on December 22, 2025 to jointly develop a biometric, password‑less “Wallet‑of‑Wallets” platform for Blue Gold’s Standard Gold Coins (SGCs). The platform will use Trust Stamp’s patented identity tokenization and zero‑knowledge‑proof protocols to provide non‑custodial, multi‑device access to gold‑backed tokens without the need for passwords, PINs, or private keys.
The proposed wallet will combine tamper‑resistant storage, biometric authentication, and zero‑knowledge proofs to give Blue Gold’s VIP customers a secure, privacy‑preserving interface that meets institutional standards for gold ownership. By eliminating traditional key management, the solution aims to reduce the risk of theft and fraud while simplifying user experience for high‑value digital assets.
For Trust Stamp, the partnership marks a strategic expansion into the gold‑backed stablecoin market, a segment that has attracted growing institutional interest. The company’s Q3 2025 financials show net recognized revenue of $0.87 million, a 71% year‑over‑year increase, but a trailing‑12‑month net loss of $9.16 million, underscoring the need for new revenue streams. Blue Gold, meanwhile, reported a $8.1 million loss for the 12 months ending June 30, 2025, reflecting its ongoing investment in gold mining and tokenization infrastructure.
Both companies expect to execute definitive agreements in early 2026, after completing due diligence and finalizing technical integration plans. The Letter of Intent signals a commitment to bring the wallet to market, potentially opening licensing and service‑fee opportunities for Trust Stamp and enhancing Blue Gold’s product offering with a cutting‑edge security layer.
Management emphasized the strategic fit of the collaboration. Nathan Dionne, CTO of Blue Gold, said the partnership “aligns with our mission to bridge physical gold with the digital financial system at institutional standards.” Gareth Genner, CEO of Trust Stamp, added that the platform “provides protection and control consistent with institutional expectations, leveraging our privacy‑first identity and asset tokenization technologies.”
The alliance positions both companies to capture a growing niche of secure, gold‑backed digital assets, while reinforcing Trust Stamp’s reputation as a leading biometric identity provider and Blue Gold’s commitment to secure, institutional‑grade tokenization.
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