Trust Stamp Rings Nasdaq Opening Bell

Trust Stamp’s management team is on a visit to New York City to ring the opening bell of the Nasdaq Stock Market. The event is being arranged to commemorate Trust Stamp’s recent listing on the exchange, which occurred on January 31.

The bell ringing ceremony, meanwhile, took place at 9:30 a.m. on Wednesday, February 2. Trust Stamp was previously listed on the OTCQX exchange before making the jump to the Nasdaq, and has also been listed on the Euronext Growth market for traders in Europe.

“We are honored to have been invited to ring the Nasdaq opening bell, as our listing on Nasdaq represents a major milestone for the company following a year of transformation,” said Trust Stamp CEO Gareth Genner. “I would like to thank all or our employees, shareholders and key stakeholders who have contributed to our success and made this event possible. Our goal is to provide technologies that protect personal data, empower individuals and promote inclusion within the new digital landscape. We are more encouraged than ever by the outlook for the business and look forward to driving significant shareholder value in the years ahead.”

The news builds on Trust Stamp’s strong 2021 performance. The company’s customer count went up 50 percent over the course of the year, and it supplemented that with $12.84 million in equity funding. Trust Stamp has now raised a total of $30 million, beginning with a $6.5 million Series A crowdfunding campaign back in 2020.

Trust Stamp is best known for its digital identity verification and remote onboarding technology. The company’s solution uses document recognition to confirm the authenticity of an identity document, and then uses facial recognition to match that document to a selfie of its owner. The demand for such technology has increased dramatically as the remote ecosystem has evolved during the COVID-19 pandemic.

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February 2, 2022 – by Eric Weiss