Trust Stamp Inc. has formally requested no‑action relief from the U.S. Securities and Exchange Commission and confirmation under the European Union’s Markets in Crypto‑Assets Regulation (MiCAR) for its upcoming StableKey Wallet, a biometrically validated, quantum‑secure, non‑custodial wallet that will allow users to manage multiple stablecoins and other digital assets from a single interface. The request, filed on November 17 2025, seeks regulatory guidance on how MiCAR applies to the wallet’s advanced security features and the company’s intended business model.
The StableKey Wallet is slated for launch in January 2026 and will support a broad range of cryptocurrencies, offer cross‑device availability, joint control, inheritance planning, alternative recovery methods, and the ability to manage several wallets within one platform. These capabilities position the wallet as a “Wallet of Wallets” that could appeal to both institutional and retail customers looking for secure, flexible custody solutions.
Trust Stamp has recently raised more than $10 million in new capital, including a $4.3 million warrant inducement announced on November 3. The company’s Q3 2025 results, filed on November 14, show net recognized revenue of $0.87 million, up 71 % year‑over‑year, and nine‑month revenue of $2.23 million, up 41 % YoY. Operating expenses fell 17 % in the quarter and 19 % over the nine‑month period, while the company reported a basic/diluted net loss per share of $0.72 for the quarter and $2.28 for the nine months. Cash and equivalents stood at $5.37 million, providing a runway for product development and regulatory compliance efforts.
The stablecoin market is projected to reach $3 trillion by 2030, creating a sizable opportunity for secure wallet solutions. Trust Stamp’s focus on biometric authentication and quantum‑secure technology differentiates the StableKey Wallet from other stablecoin wallets that rely on traditional key management. The company’s recent capital raise and improving revenue trajectory suggest it has the financial resources to pursue regulatory approvals and scale the product, while the regulatory clearance will be essential for institutional adoption and risk mitigation.
John Bridge, Trust Stamp’s EVP of Government and Law Enforcement, noted that the growing stablecoin market will bring increased fraud and loss risks, underscoring the need for robust security. He emphasized that the company’s regulatory approach is proactive, aiming to secure clarity from both the SEC and MiCAR before the wallet’s launch. While the specific EU regulator responsible for MiCAR enforcement was not disclosed, the request indicates that Trust Stamp is engaging with the appropriate European authority to ensure compliance.
In summary, Trust Stamp’s regulatory filings and capital raise position the company to introduce a differentiated, secure wallet to a rapidly expanding stablecoin market. The company’s financial performance and strategic focus on compliance signal confidence in the product’s commercial viability, while the regulatory approvals will be a critical milestone for institutional acceptance and broader market penetration.
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