Blue Gold and Trust Stamp Execute Strategic LOI to Develop Biometric, Passwordless Wallet Infrastructure for Gold-Backed Digital Assets

Rhea-AI Summary

Blue Gold (NASDAQ:BGL) signed a strategic Letter of Intent with Trust Stamp (NASDAQ:IDAI) on December 22, 2025 to develop a biometric, passwordless "Wallet-of-Wallets" for holders of Blue Gold Standard Gold Coins (SGC).

Each SGC represents 1 gram of physical gold stored in Brink's vaults under a Wyoming digital asset statutory trust. Blue Gold said it has secured access to up to one million ounces of physical gold to support initial SGC issuance. The LOI covers Trust Stamp's tokenized biometric authentication, non-custodial passwordless access, multi-device design, shard-based helper data, and governance/recovery features. Definitive agreements and commercialization are subject to negotiation and expected early in 2026.

Positive

• Access to up to 1,000,000 ounces of physical gold
• SGC tokens backed 1 gram of gold per token in Brink's vaults
• LOI to build non-custodial biometric Wallet-of-Wallets for SGC holders

Negative

• LOI is non-binding; definitive agreements pending early 2026
• No financial terms or commercialization timelines disclosed in the LOI

Key Figures

Gold supply access up to one million ounces of physical gold Long-term supply arrangement supporting initial SGC issuance

SGC gold backing 1 gram of physical gold Each Standard Gold Coin represents 1 gram stored in Brink's vaults

Loan facility AUD$100 million Loan agreement with City First Capital to restart Bogoso and Prestea mine

Loan interest rate 24% per annum or AUD$6,000,000 Interest on AUD$100 million loan, payable quarterly

Establishment fee USD$1 million Fee on City First Capital loan, payable in Class A ordinary shares

Equity facility size $75 million Ordinary Share Purchase Agreement with Tumim Stone Capital

Warrant shares registered 11,500,000 ordinary shares Shares issuable upon warrant exercise under post-effective amendment

Cash if all warrants exercised $132.3 million Potential proceeds from full cash exercise of registered warrants

Market Reality Check

$1.92 Last Close

Volume Volume 568,772 is 2.32x the 20-day average of 245,562, indicating elevated interest ahead of the LOI. high

Technical Shares trade below the 200-day MA of 13.6, with the current price at 2.95, reflecting a longer-term downtrend despite recent news momentum.

Peers on Argus 1 Up

BGL is up 4.24% while several gold peers such as USAU and HYMC also show gains, but scanner momentum flags only HYMC with strong upside and there is at least one declining peer (VGZ), pointing to a stock-specific reaction rather than a uniform sector move.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 19	Analyst target update	Positive	+4.2%	Independent analyst raised price target to up to <b>$20</b> per share.
Dec 18	Clarification notice	Neutral	+1.1%	Company issued notice to disregard a prior analyst target release.
Dec 18	Analyst target update	Positive	+1.1%	Analyst report set updated price target of up to <b>$22</b> per share.
Dec 17	SGC white paper	Positive	-2.8%	Published institutional SGC White Paper on design, custody, and compliance.
Dec 09	Smart contract audit	Positive	+0.3%	Nethermind audit found no critical or high-severity SGC contract issues.

Pattern Detected

Recent news on SGC infrastructure and analyst targets generally coincided with modest positive price reactions, with one divergence when a technical SGC white paper was followed by a decline.

Recent Company History

Over December 2025, Blue Gold issued several foundation-building updates. On Dec 9, a Nethermind audit reported no critical or high-severity issues for Standard Gold Coin (SGC) contracts. On Dec 17, the company published an institutional SGC White Paper detailing governance, custody, and compliance. Analyst target updates to $22 and then $20 per share highlighted interest in its gold-backed model. Today’s LOI with Trust Stamp to build a biometric, passwordless wallet extends this sequence of security and infrastructure announcements around SGC.

Market Pulse Summary

The stock moved +6.8% in the session following this news. A strong positive reaction aligns with a recent pattern where constructive news on Standard Gold Coin infrastructure and analyst targets coincided with gains of up to 4.24%. The LOI with Trust Stamp adds another layer of security and usability to a fully gold-backed digital stack supported by up to one million ounces of supply. However, investors have also seen technical updates followed by declines, so follow-through historically has not been guaranteed.

Key Terms

non-custodial financial

"develop a non-custodial, passwordless wallet architecture for SGC holders"

Non-custodial means that individuals have full control over their own assets without relying on a third party to hold or manage them. Think of it like keeping your money in your own wallet instead of a bank’s safe deposit box; you are responsible for safeguarding and using your assets directly. For investors, this offers greater privacy and control, but also requires more responsibility for security.

biometric identity tokenization technical

"leverage its patented biometric identity tokenization and cryptographic technologies"

Biometric identity tokenization converts a person’s fingerprint, face scan, or other biological feature into a scrambled digital code (a token) that stands in for the original data during logins and transactions. It matters to investors because it lowers the risk and cost of data breaches and privacy violations—similar to replacing a physical key with a one-time coded badge—so companies using or selling this tech can gain trust, reduce liability, and open new revenue from secure authentication services.

cryptographic technologies technical

"biometric identity tokenization and cryptographic technologies to develop a non-custodial"

Methods and tools that protect digital information by scrambling it so only authorized parties can read or change it, and by proving who created or sent a message. Think of it as locked boxes and tamper-evident seals for data and transactions; keys and signatures let users open boxes or verify authenticity. Investors care because these technologies underpin secure digital services, manage risk of fraud or hacks, enable new business models (like digital tokens), and can affect regulatory and competitive standing.

wallet-of-wallets technical

"develop a biometrically secured, passwordless "Wallet-of-Wallets" platform"

A wallet-of-wallets is a system that groups and manages multiple digital wallets under a single platform so an organization can control funds, policies and access from one place. For investors it matters because it can make moving assets and enforcing rules easier—like a mailroom sorting many envelopes—while also concentrating operational and security risk, so trust, backups and oversight become key factors in evaluating exposure.

tokenized gold financial

"positions Blue Gold at the forefront of secure, compliant, and scalable tokenized gold ownership"

Digital tokens that represent ownership of physical gold held in secure storage, recorded on a secure digital ledger so each token acts like a digital receipt for a specific amount of metal. Investors use tokenized gold to buy, sell, or hold small fractions of gold more easily and cheaply than buying bars or coins, but they take on different custody and counterparty risks tied to the issuer and where the metal is stored.

multi-level proof-of-life protocols technical

"Stable Key™ Biometric Authentication, utilizing ... multi-level proof-of-life protocols"

A multi-level proof-of-life protocol is a set of layered checks used to confirm that a specific person is alive and present before releasing payments, benefits, or access to sensitive assets. Like a series of checkpoints—combining things such as live video, biometric scans, document checks and third-party attestations—it reduces fraud, prevents improper payouts, and helps organizations meet legal and regulatory duties. Investors care because these protocols protect company cash flows, custody of assets, and reputations by lowering the risk of mistaken or fraudulent transfers.

non-investment digital commodity instrument financial

"describes SGC as a non-investment digital commodity instrument with value tied to underlying"

A non-investment digital commodity instrument is a digital token or electronic record that represents usage rights, access, or a unit of a tangible commodity for operational purposes rather than as something sold primarily to make a return. Think of it like a digital voucher for fuel or raw material used in a factory: it matters to investors because such instruments affect a company’s cash flow, supply chain costs and regulatory exposure without being treated as traditional securities or investment products.

AI-generated analysis. Not financial advice.

Milestone Advances Blue Gold's Commitment to a World-Class Digital Gold Ecosystem Rooted in Trust, Transparency, and Institutional Standards

NEW YORK, NY / ACCESS Newswire / December 22, 2025 / Blue Gold Limited (Nasdaq:BGL) ("Blue Gold" or the "Company"), a next-generation gold development and technology company, today announced that it has entered into a strategic Letter of Intent ("LOI") with Trust Stamp, Inc. (Nasdaq: IDAI) to develop a biometrically secured, passwordless "Wallet-of-Wallets" platform for select holders of Blue Gold's Standard Gold Coins.

Standard Gold Coins ("SGC") are gold-backed digital assets issued by Blue Gold, with each SGC representing one gram of physical gold securely stored in Brink's vaults under a Wyoming digital asset statutory trust. The SGC structure is designed to provide transparent, verifiable ownership of physical gold while enabling participation in the digital financial ecosystem at institutional standards.

The announcement follows Blue Gold's recent disclosure that it has secured access to up to one million ounces of physical gold through a long-term supply arrangement, providing the capacity to support the initial issuance and circulation of SGCs at scale. This secured supply forms the physical foundation of Blue Gold's digital gold ecosystem and underpins the Company's commitment to fully gold-backed, responsibly structured, tokenized gold.

Blue Gold is focused on building a world-class gold ecosystem rooted in trust, transparency, and operational integrity, spanning the full lifecycle from physical gold sourcing and aggregation through tokenization and downstream financial applications. The partnership with Trust Stamp is intended to directly support this mission by strengthening the security, identity, and access infrastructure underpinning the Company's digital gold platform.

Under the LOI, Trust Stamp will leverage its patented biometric identity tokenization and cryptographic technologies to develop a non-custodial, passwordless wallet architecture for SGC holders. The proposed solution is designed to eliminate reliance on passwords, seed phrases, and centralized key storage, while preserving user control, privacy, and institutional-grade security.

Strengthening the Digital Gold Ownership Stack

The "Wallet-of-Wallets" functions as a secure access layer rather than a custodian, enabling users to retain full control of their assets while benefiting from advanced identity verification, governance, and recovery features. Access to wallets would be bound to a user's live biometric presence, without storing biometric data or private keys in any centralized location.

Key capabilities under consideration include:

• Passwordless, Keyless Access, eliminating passwords, PINs, seed phrases, and private key storage, which are common attack vectors in digital asset theft

• True Non-Custodial Architecture, ensuring users retain full ownership and control of their digital gold holdings

• "Wallet-of-Wallets" Functionality, providing a single secure gateway to SGC holdings and other digital assets across multiple blockchains and platforms

• Multi-Device Native Design, allowing secure access across multiple authorized devices without duplicating sensitive credentials

• Stable Key™ Biometric Authentication, utilizing Trust Stamp's proprietary tokenized biometric technology with advanced, multi-level proof-of-life protocols

• No Centralized Biometric or Key Storage, with encrypted helper data mathematically derived, split into independent shards, and stored separately

• Breach-Resistant Design, preventing account takeover even in the event of a data breach

• Advanced Governance and Recovery Features, including joint ownership, inheritance planning, transfer controls, and role-based access

Management Commentary

Nathan Dionne, Chief Technology Officer of Blue Gold Limited, commented:

"Blue Gold was founded to bridge physical gold with the digital financial system at institutional standards. Following our recent announcement securing access to one million ounces of physical gold to support the initial issuance of Standard Gold Coins, the next priority is ensuring that access to those assets is governed by security and identity infrastructure that matches the quality and permanence of the gold backing them. Partnering with Trust Stamp enables us to strengthen the trust and transparency at the core of our ecosystem and positions Blue Gold at the forefront of secure, compliant, and scalable tokenized gold ownership."

Gareth N. Genner, Chief Executive Officer of Trust Stamp, added:

"Trust Stamp's identity and asset tokenization technologies are expressly designed for the digital economy. As gold-backed digital assets become more widely adopted, they require advanced security and privacy protections that go beyond traditional wallet architectures. We believe the Wallet-of-Wallets platform will provide Blue Gold's customers with a level of protection and control consistent with institutional expectations."

Strategic Context

The proposed wallet infrastructure supports Blue Gold's broader strategy of capturing value across the full gold lifecycle, combining high-quality recurring revenue opportunities from tokenization with higher-margin production, trading, and financial services. By enhancing the security, usability, and governance of SGCs, the Company aims to further position its digital gold products for institutional participation and long-term adoption.

The LOI outlines a framework for technical development, integration, and potential commercialization, subject to the execution of definitive agreements, which is expected early in 2026.

About Trust Stamp, Inc.

Trust Stamp, Inc. (Nasdaq: IDAI) is a global leader in AI-powered trust and security solutions, specializing in biometric identity tokenization and cryptographic technologies designed to enable secure, privacy-preserving digital interactions.

About Blue Gold Limited

Blue Gold Limited (Nasdaq: BGL) is a next-generation gold development company focused on acquiring and aggregating high-potential mining assets across strategic global jurisdictions. The Company's mission is to unlock untapped value in the gold sector by combining disciplined resource acquisition with innovative monetization models, including asset-backed digital instruments. Blue Gold is committed to responsible development, operational transparency, and leveraging modern financial technologies to redefine how gold is produced, accessed, and owned in the 21st century.

Blue Gold prioritizes growth, sustainable development, and transparency in all our business practices. We believe that our commitment to responsible mining will enable us to create value for our shareholders while minimizing our environmental footprint.



Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the safe harbor for forward-looking statements provided by Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on these forward-looking statements, which are current only as of the date of this press release. Each of these forward-looking statements involves risks and uncertainties. Important factors that could cause actual results to differ materially from those discussed or implied in the forward-looking statements include, but are not limited to: general economic or political conditions; negative economic conditions that could impact Blue Gold Limited and the gold industry in general; reduction in demand for Blue Gold Limited's products; changes in the markets that Blue Gold Limited targets; and any change in laws applicable to Blue Gold Limited or any regulatory or judicial interpretation. As a result, we cannot assure you that the forward-looking statements included in this press release will prove to be accurate or correct. These and other important factors and risks are discussed in Blue Gold Limited's shell company report on Form 20-F, filed with the U.S. Securities and Exchange Commission (the "SEC") on July 1, 2025, and other filings with the SEC. In light of these risks, uncertainties, and assumptions, the future performance or events described in the forward-looking statements in this press release might not occur. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results, and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events, or otherwise. For more information regarding Blue Gold Limited, please visit https://bluegoldmine.com.

No Offer or Solicitation

This press release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed business combination. This press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption.

For Further Information Contact:
Dave Gentry
RedChip Companies, Inc.
1-800-REDCHIP (733-2447)
1-407-644-4256
BGL@redchip.com

SOURCE: Blue Gold Limited

View the original press release on ACCESS Newswire

FAQ

What did Blue Gold (BGL) announce on December 22, 2025 about wallet infrastructure?

Blue Gold announced a strategic LOI with Trust Stamp to develop a biometric, passwordless Wallet-of-Wallets for Standard Gold Coin holders.

How much physical gold does Blue Gold (BGL) have access to for SGC issuance?

Blue Gold disclosed access to up to one million ounces of physical gold to support initial SGC issuance.

What does each Standard Gold Coin (SGC) represent for Blue Gold (BGL)?

Each SGC represents one gram of physical gold securely stored in Brink's vaults under a Wyoming digital asset statutory trust.

Will the Trust Stamp wallet custody users' private keys for BGL SGCs?

The proposed design is non-custodial, intended to avoid centralized key storage and preserve user control.

When will Blue Gold and Trust Stamp finalize the LOI terms for BGL products?

The LOI anticipates execution of definitive agreements and potential commercialization early in 2026, subject to negotiation.

What security features will the BGL Wallet-of-Wallets include?

Planned features include passwordless access, Stable Key™ tokenized biometrics, shard-based helper data, multi-device access, and governance controls.