AI firm Trust Stamp lists on Euronext Dublin with market cap of $28 million

Trust Stamp was listed through the admission to trading of 3,588,651 shares under a direct listing. The admission and issue price of Trust Stamp shares was set at US$7.79 per share.

 Euronext today congratulated Trust Stamp, the global provider of AI-powered identity services, on its listing on Euronext Growth in Dublin (ticker code: AIID).

Trust Stamp provides AI-powered identity services for use in multiple sectors including banking and finance, regulatory compliance, government, real estate, communications and humanitarian services. Its technology empowers organisations with biometric identity solutions that reduce fraud, protect personal data privacy, increase operational efficiency and reach a broader base of users worldwide through its unique data transformation and comparison capabilities.

Dual-headquartered in Atlanta (USA) and Cheltenham (UK) and now listed on Euronext Growth in Dublin, Trust Stamp was founded in 2016 by Gareth Genner and Andrew Gowasack. The company now employs over 60 people on three continents, with flagship customers including Mastercard International and Synchrony Financial.

Trust Stamp was listed through the admission to trading of 3,588,651 shares under a direct listing. The admission and issue price of Trust Stamp shares was set at US$7.79 per share. Market capitalisation was US$28 million on the day of listing.

Gareth Genner, CEO and Co-Founder of Trust Stamp, said: “Today marks a significant milestone for Trust Stamp as we list on Euronext Dublin and showcase our ambition for the European and global markets. I am extremely proud of the Trust Stamp team, whose hard work over the years, alongside support from advisors, shareholders and the Euronext team, has resulted in the successful listing today. We have an ambitious strategy for expansion and growth in the coming years and are excited to meet with investors and potential commercial partners. We also look forward to continuing our work with humanitarian agencies and NGOs worldwide.”

Andrew Gowasack, Co-Founder of Trust Stamp, stated: “Digital identity is one of the greatest challenges we face in a connected world. Innovation with a cross-industry understanding of needs in data privacy, security and accessibility is critical for a future where trusted identity systems lay the foundation for progress on a global scale. Trust Stamp’s core technology irreversibly transforms sensitive data to maximise both its privacy and utility. With advanced artificial intelligence at the heart of our work, the same solutions can be used to protect personal information, enhance organisational security and enable access for individuals in a variety of contexts.”

Euronext is the leading pan-European stock exchange for Tech companies, hosting a total of 500+ Tech issuers across sectors such as Technology, Media and Telecom, Life Sciences and Cleantech.

Read this next

Digital Assets

FINMA-regulated digital asset provider Taurus expands into Germany

This expansion follows recent moves by BaFin to accelerate the licensing of crypto custody services, aiming to boost market confidence. Following this, several new licenses were issued, notably to Commerzbank, making it the first full-service financial institution in Germany to receive a crypto custody license.

Inside View

Stocknet’s Nick Hall defends gamification as trading platform market set to hit $15.34b by 2030

“The growing popularity of gamified trading has the potential to tackle this financial literacy gap. Rather than simply giving users unfettered access to markets and letting them figure things out for themselves, platforms can offer virtual skill games and challenges to help educate traders and prime them for success.”

Inside View

Infographic: Interest rate and FX derivatives are driving rise of OTC derivatives market

These trends suggest a growing and evolving OTC derivatives market, with an increased focus on risk management and regulatory compliance. The rise in clearing rates, along with the increased initial margin requirements, reflects a more cautious approach to risk in the financial services industry.

Market News

Bank of Canada’s Final 2023 Policy Update on the Canadian Dollar and Future Monetary Landscape

The Bank of Canada’s final policy update for 2023, as reported by Bloomberg, had a relatively subdued impact on the performance of the Canadian dollar, especially when compared to the discernible market reactions following prior BoC policy decisions throughout the year.

Inside View

DTCC’s Systemic Risk Barometer Survey found 2024 US Presidential Election as a top risk

U.S. political uncertainty, particularly regarding the 2024 Presidential Election, has emerged as a key risk, with 51% of respondents highlighting it as a major concern. This reflects the potential impact of election outcomes on market conditions and the industry.

Executive Moves

Options Technology promotes Laura McCann to CFO

“Laura’s promotion to CFO is the next stage in our long-term strategy of building a world-class finance team servicing the global business from our Belfast office. Back in 2016, Jon took on the challenge of laying the groundwork for that vision. Laura has been an integral part of the strategy from day one.”

Digital Assets

Thailand’s crypto economy under the spotlight: a report by HashKey Capital

“I’m excited by the rapid expansion of Thailand’s Web3 sector. With over 3 million overall crypto users and 600% growth in the market in recent years, the dynamism in our DeFi and NFT sectors is clearly evident. Thailand is increasingly becoming a hotspot for digital nomads, drawn by our crypto-friendly policies, affordable living costs, vibrant food and beverage culture and diverse cultural landscape.”

Retail FX

Webull Australia offers 5.4% yield on uninvested cash

“US dollar money market funds are heavily regulated, meaning client funds are managed in a safe, reliable and trusted environment, which is of critical importance to us, and continues to remain top-of-mind for our clients.”

Digital Assets

Bybit welcomes Ethena’s USDe, a decentralized stablecoin utilizing delta-hedging staked Ether

“Our collaboration with Ethena Labs represents our commitment to solving some of the biggest challenges in crypto today, not least, the creation of a decentralized stablecoin. The integration of USDe on Bybit expands our stablecoin offerings, providing our users with an array of uncorrelated solutions accessible from our Unified Trading Account.”