Trust Stamp announces strategic transaction with Qenta

Trust Stamp (IDAI) has announced a strategic transaction with Qenta. Under the arrangement, Qenta is spinning its Goldstar KYC technology off into a newly formed subsidiary, QID Technologies, with Trust Stamp having a 10% ownership interest in the new entity. In parallel, Trust Stamp has provided a non-exclusive license of its AI-powered identity technologies to QID in return for a single $1M license fee receivable in three installments over Q1 of 2025. QID is also contracting with Trust Stamp for business development, product development, and product operations for identity and privacy services and solutions in return for monthly service fees starting January 1st, 2025, and capped at $3.6M annually. As Trust Stamp is a 10% equity holder in QID, the projected $3.6M in billed revenue would result in a net cash inflow of $3.3M.