logo
IOST Deploys 1,000 Biometric Signet Rings to Kick Off Wear-to-Earn Identity Infrastructure

IOST Deploys 1,000 Biometric Signet Rings to Kick Off Wear-to-Earn Identity Infrastructure

Business Upturn19-06-2025
By GlobeNewswire Published on June 19, 2025, 12:17 IST
SINGAPORE, June 19, 2025 (GLOBE NEWSWIRE) — IOST, a modular blockchain platform for compliant real-world asset tokenization and decentralized identity, has completed the rollout of its first 1,000 Signet Rings — biometric-powered wearable credentials that tie physical presence to on-chain identity.
Claimed in full, the limited drop drew over 12,000 sign-ups, signaling strong demand for decentralized identity tools that are verifiable, privacy-preserving, and built for real-world use.
The Signet Ring is more than a wearable — it's IOST's first major step in building an identity layer for the modular Web3 stack. Equipped with biometric verification and tied to each user's on-chain credentials, it acts as a gateway to IOST's growing ecosystem of decentralized ID use cases. Users include DeFi power users with $10K+ portfolios, airdrop hunters tracking incentive programs, and Web3 fund managers seeking strategic allocation tools.
Why It Matters
Digital identity is quickly becoming essential to the future of regulated DeFi, tokenized real-world assets, and AI-human interaction. The Signet Ring program is testing live demand for key infrastructure building blocks: Wear-to-Earn : Rewards tied to biometric activity and physical engagement
: Rewards tied to biometric activity and physical engagement NFT Credentials : Rings double as referral and access passes, tradable on-chain
: Rings double as referral and access passes, tradable on-chain Portable Identity: For KYC alternatives, health data vaults, and proof-of-personhood
Under the hood, biometric signatures captured by the Signet Ring are processed through the companion app using zero-knowledge proofs and fully homomorphic encryption. Raw biometric data — such as heartbeat patterns used for HRV analysis — remains encrypted locally, while the app generates verifiable proofs for on-chain identity attestation. This identity primitive plays a key role in IOST's broader RWA infrastructure, enabling compliant tokenization of real-world assets with verified human presence.
'This isn't merch — it's infrastructure,' said Blake Jeong, CEO of IOST. 'We capped the first batch at 1,000 to see if the demand was real. It is.'
What Comes Next
With rings fully distributed and in use across regions, IOST is kicking off the next phase: Biometric Rewards : Wearers unlock escalating benefits tied to verified activity
: Wearers unlock escalating benefits tied to verified activity Credential Trading : Referral and access NFTs move to secondary markets
: Referral and access NFTs move to secondary markets Ecosystem Access: Ring holders get priority entry to identity-linked dApps, staking multipliers, and governance-weighted distribution events
To further expand its biometric integrations, IOST has partnered with health monitoring leader StressWatch, which supports a 10M+ user network. The foundation is also in active discussions with medical device companies to extend identity modules across new biometric inputs.
The Signet Ring initiative lays the groundwork for IOST's long-term vision: to serve as a foundational layer for the world's most frictionless and compliant RWA infrastructure. As AI agents begin to act on behalf of users in digital markets, verifiable human identity will become critical infrastructure for the $300 trillion RWA economy.
As the tokenization stack matures, identity is emerging as a core layer. IOST's pilot shows how biometric credentials can be used — not just theorized — in a modular, compliant Web3 world.
ABOUT IOST
IOST is a modular RWA infrastructure built on high-performance L1 and EVM-compatible subnets. With over 961 million transactions and zero downtime since 2018, IOST powers scalable tokenization of assets across bonds, real estate, and on-chain funds.
IOST currently operates a native mainnet and an EVM-compatible L2, with plans to expand into permissionless subnets tailored to each asset class. By 2028, IOST aims to support over $10 billion in tokenized assets and become a leading gateway for compliant yield in the digital economy.
Media Contact: IOST
[email protected]
Alice Li
Disclaimer: This press release is provided by IOST. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.Speculate only with funds that you can afford to lose.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.
Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.
Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Ahmedabad Plane Crash
GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

OpenAI ends acquisition talks with Windsurf, Information reports
OpenAI ends acquisition talks with Windsurf, Information reports

Business Insider

time15 minutes ago

  • Business Insider

OpenAI ends acquisition talks with Windsurf, Information reports

OpenAI has terminated discussions to acquire AI coding assistant maker Windsdurf over Microsoft (MSFT) IP concerns, The Information's Miles Kruppa and Natasha Mascarenhas report. Instead, Google (GOOGL) intends to hire Windsurf's CEO and some staff, the authors note. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Event Tech Almanac 2025
Event Tech Almanac 2025

Skift

time26 minutes ago

  • Skift

Event Tech Almanac 2025

The Ultimate Guide to Smarter Event Tech Decisions in 2025 The Event Tech Almanac 2025 is your go-to resource for cutting through the noise in the constantly evolving event tech sector. Designed for event planners, producers, and strategists, this free guide demystifies the event tech landscape, highlights real use cases for AI, and helps you make confident event tech buying decisions, backed by expert insights. Who It's For: If you're overwhelmed by event tech platform options, unsure about AI's role, or need to justify your event tech decisions, this guide is for you. Or, if you just want to explore the latest event tech innovations, this guide is also for you. Inside You'll Find: ✅ Insider knowledge on 85 event tech tools ✅ Detailed comparison tables of 40 event management platforms ✅ Step-by-step event tech guide with advice from 12 independent experts ✅ A breakdown of the 2025 event tech landscape ✅ An AI feature analysis breakdown: what's real, what's hype Download your copy of the Event Tech Almanac 2025

U.S. Senators Warn Nvidia CEO Jensen Huang about His Trip to China
U.S. Senators Warn Nvidia CEO Jensen Huang about His Trip to China

Business Insider

timean hour ago

  • Business Insider

U.S. Senators Warn Nvidia CEO Jensen Huang about His Trip to China

Two U.S. senators—Republican Jim Banks and Democrat Elizabeth Warren—sent a letter to Nvidia (NVDA) CEO Jensen Huang on Friday, urging him to be cautious during his trip to China. They asked him not to meet with any companies that are believed to be helping China get around U.S. export restrictions, especially those connected to the Chinese military or intelligence agencies and that are listed on the U.S. export blacklist. The senators warned that even appearing to support these companies could weaken U.S. efforts to control advanced chip exports. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Huang's trip was scheduled for the same day the letter was sent. In response, an Nvidia spokesperson said that when American technology leads the global standard, 'America wins,' and noted that China has one of the world's largest groups of software developers. They added that AI systems should be designed to run best on U.S.-based hardware, which would encourage other countries to choose U.S. tech over alternatives. However, the concern from lawmakers is that Huang's meetings could expose weaknesses in current rules and send the wrong signal about America's stance on protecting its technology. This issue ties into recent tensions between Nvidia and U.S. regulators. At the Computex trade show in May, Huang praised President Donald Trump's decision to loosen some AI chip export rules and called the earlier restrictions ineffective. But newer limits put in place in April could still cost Nvidia up to $15 billion in lost revenue. Lawmakers are now considering laws that would require chipmakers to verify where their products end up. There are also growing fears that Chinese companies like DeepSeek are helping the military and using fake companies to dodge the rules. Despite all this, Nvidia is reportedly preparing a cheaper version of its Blackwell AI chips specifically for the Chinese market. What Is a Good Price for NVDA? Turning to Wall Street, analysts have a Strong Buy consensus rating on NVDA stock based on 37 Buys, four Holds, and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average NVDA price target of $176.29 per share implies 6.7% upside potential.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store