iDen2 Announces the Acquisition of Bindle Systems, Solidifying Its Leadership in Decentralized Identity Solutions
SAN FRANCISCO, CA -- iDen2, a leading provider of decentralized identity solutions, proudly announces the acquisition of Bindle Systems, a pioneering force in the decentralized identity space known for its innovative and scalable identity system. This strategic move significantly boosts iDen2’s capabilities, proving the commercial viability of cutting-edge technologies like verifiable credentials and self-sovereign identity.
Founded in June 2020 by a team of seasoned entrepreneurs, Bindle Systems quickly rose to prominence. Within just 18 months, it became the largest private deployment of verifiable credentials and self-sovereign identity in the United States. Their flagship application, the Covid-19 Health Pass, played a critical role in reopening the economy, attracting prestigious clients such as The Chicago Symphony, Dartmouth College, and The Kennedy Center.
Creating a Strategic Advantage
The acquisition of Bindle Systems accelerates iDen2’s product and technology roadmap, diversifies its go-to-market opportunities, and grants access to a vast network of over 300 issuers, 400 verifiers, and 300,000 users.
A Commitment to Excellence
"iDen2’s founding team has always been passionate about decentralized identity solutions that empower users to securely and conveniently manage their identity credentials. This acquisition reaffirms our commitment to innovation and excellence," said Philip Fahim, Co-Founder of iDen2. "We remain dedicated to leveraging a partner-first strategy to build a robust ecosystem, aligning with EIDAS regulations and interoperability standards. Our goal is to facilitate the exchange of identity credentials and data for both online and offline transactions across our trusted network, delivering unparalleled value to our customers and partners."
About iDen2
iDen2 aims to establish decentralized identity solutions that are as trustworthy and ubiquitous as credit card payments. The company is committed to creating trust with un-hackable security, maximizing utility through an ecosystem economy, and driving adoption with flexible commercial business models. iDen2 is revolutionizing the way major telecoms, e-commerce platforms, and government agencies generate new revenue streams while completely transforming how people share their credentials. For more information, visit www.iden2.com.
Media Contact
Alfy Louis
+1 408-858-0006
alfy@iden2.com
###
SOURCE: iDen2
Copyright 2025 EZ Newswire