TrustNFT.io Launches Beta to Protect Accredited Investors After Coinbase Breach Exposes Massive KYC Risk
Rhea-AI Summary
Silver Scott Mines (OTC PINK:SILS) has launched the beta version of TrustNFT.io, a blockchain-based KYC protection platform designed for accredited investors and high net worth individuals. The launch comes in response to a recent $20 million ransom demand and data breach at Coinbase that compromised over a million users' information.
TrustNFT.io's key features include decentralized KYC vaults, encrypted smart NFTs for investor credentials, zero-knowledge access controls, and multi-platform compliance syncing. The platform aims to prevent data misuse and eliminate the vulnerabilities of centralized identity systems by leveraging blockchain technology.
Positive
- Platform addresses a critical security need highlighted by the $20M Coinbase breach
- Innovative solution for a growing market of accredited investors and HNWIs
- Technology leverages blockchain for enhanced security and decentralization
- Multiple revenue opportunities through investment platforms and fund managers
Negative
- Product is still in beta phase with unproven market adoption
- Faces potential competition from established KYC providers
- Success depends on gaining trust in a sector recently shaken by security breaches
News Market Reaction
On the day this news was published, SILS gained 80.33%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
FRANKLIN, NEW JERSEY / ACCESS Newswire / May 20, 2025 / Silver Scott Mines, Inc. (OTC PINK:SILS) today announced the beta launch of TrustNFT.io - a blockchain-based KYC protection platform specifically built for accredited investors and high net worth individuals (HNW).
This coincides with the recent reporting of a
TrustNFT.io: Reinventing Investor Identity Protection
TrustNFT.io leverages blockchain technology to decentralize and encrypt Know-Your-Customer (KYC) data, giving accredited investors ownership and control of their compliance credentials across investment platforms - without storing them in vulnerable central databases.
"What happened at Coinbase isn't just a breach. It's a betrayal of trust - the kind that shakes global capital markets," said the TrustNFT development team. "TrustNFT is our answer - built to protect the people fueling the next generation of investment."
Key Features of the TrustNFT Beta:
Decentralized KYC vaults for accredited investors
Verifiable investor credentials stored as encrypted smart NFTs
Zero-knowledge access controls to prevent data misuse
Multi-platform compliance syncing without re-uploading documents
Unlike legacy systems, TrustNFT uses non-custodial ID tokenization and blockchain auditability to ensure user privacy, even when interacting with SEC-compliant private placements or tokenized asset platforms.
Join the Beta - Build the Future of Secure Compliance
TrustNFT is inviting investment platforms, fund managers, and accredited investors to participate in the beta rollout at www.TrustNFT.io. Early participants will help shape how future private capital markets secure their most sensitive compliance workflows.
"In a world where crypto adoption is accelerating, accredited investors need a security layer that protects both their wealth and their identity. TrustNFT is here to be that layer." - Silver Scott Digital Team
About Silver Scott Mines, Inc. (OTC:SILS)
Silver Scott Mines, through its digital innovation division, Silver Scott Digital, is focused on building blockchain-secured financial and identity tools that prepare markets for next-generation compliance, transparency, and user sovereignty. TrustNFT is the company's flagship platform in private market infrastructure.
Join the beta → TrustNFT.io
#TrustNFT #KYCRevolution #AccreditedInvestorSecurity #OTCSILS #PrivateMarkets #BlockchainCompliance
Disclaimer: TrustNFT is in beta and not a registered securities platform. Participation does not guarantee investment approval and is subject to platform terms and accreditation verification.
Forward Looking Statements
This press release includes forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts and involve risks and uncertainties that could cause actual results to differ materially from those expected and projected. Words such as expects, believes, anticipates, intends, estimates, seeks and variations and similar words and expressions are intended to identify such forward-looking statements. Such forward-looking statements with respect to revenues, earnings, performance, strategies, prospects and other aspects of the businesses of Silver Scott Mines, are based on current expectations that are subject to risks and uncertainties. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements.
Contact Information
Stuart Fine, CEO
stuartfine@silverscottmines.com
908-356-9852
SOURCE: Silver Scott Mines Inc
View the original press release on ACCESS Newswire
FAQ
What is TrustNFT.io and how does it protect accredited investors?
What caused Silver Scott Mines (SILS) to launch TrustNFT.io?
What are the main features of TrustNFT's beta version?
How can investors participate in TrustNFT's beta program?
How does TrustNFT differ from traditional KYC systems?
