Calgary, Alberta / May 27, 2025 – TheNewswire - Credissential Inc. (“Credissential” or the “Company”) (CSE: WHIP) (OTC: IPTNF) (FSE: 9YZ) is pleased to announce the planned product enhancement of its newly acquired CoinCMPLY platform. Thisinitiative is focused on reconfiguring CoinCMPLY into a Software-as-a-Service (“SAAS”) business-to-business solution featuring quantum-security technology, designed to aid accounting firms serve the rapidly expanding cryptocurrency investor base.

 

The Company views the enhancements as  addressing a market opportunity driven by recent cryptocurrency adoption. Data reveals that approximately 28% of American adults, or about 65 million people, own cryptocurrencies according to Security.org's 2025 Cryptocurrency Adoption Report1. In Canada, 42.3% of Canadians own some form of cryptocurrency asset according to a Canada Crypto Tax report by Koinly2, creating considerable demand for professional crypto tax preparation services.

 

"We're witnessing significant cryptocurrency adoption that are, in our view, creating  opportunities for accounting professionals," said Colin Frost, Chief Executive Officer of Credissential. "The development and rollout of our quantum-secured CoinCMPLY SaaS platform is expected to empower accounting firms without tax related crypto know how to confidently serve this rapidly growing market segment. By integrating our existing technology with quantum-security features, we're developing a solution designed to streamline crypto tax preparation while incorporating advanced encryption protocols intended to enhance the protection of sensitive financial data."

 

The strategic reconfiguration from CoinCMPLY's current business-to-consumer model to a specialized business-to-business SaaS platform is an attempt by the Company to address a significant gap in the accounting services market. With millions of Americans and Canadians holding cryptocurrency investments, the Company believes that accounting firms face considerable demand for crypto tax expertise—demand that current traditional tax software does not, in the Company’s view, adequately address.

 

The rollout of the SaaS model is expected to specifically target tax professionals without cryptocurrency knowledge, providing intuitive tools that make crypto tax preparation accessible to accounting firms . The Company believes that this approach will provide access to crypto tax capabilities while maintaining the professional-grade accuracy and compliance that accounting firms require. The Company expects the business-to-business SAAS platform to be developed over the next 6 months.

 

Similar to the quantum integrations that Credissential successfully implemented into its Antenna platform, the Company is advancing the security of its CoinCMPLY platform through the planned integration of post-quantum cryptography, leveraging open-source libraries such as liboqs and oqs-openssl to incorporate NIST-recommended algorithms like Kyber and Dilithium. These quantum protocols are designed to protect against both classical and quantum computing threats, hedging against long-term data security and regulatory-grade encryption for digital identity verification and KYB workflows. The full quantum deployment is expected to occur over the next 3 months.

  

"We view the quantum-security advantage in financial technology representing a paradigm shift in data protection," added Frost. "As cryptocurrency transactions contain highly sensitive financial information, developing a quantum-secured platform is expected to safeguard client data against threats that could potentially compromise traditional encryption. This gives accounting firms and their client’s potentially elevated confidence in data security—a critical requirement when handling sensitive financial information."

 

These initiatives represent a strategic evolution of Credissential's comprehensive financial technology ecosystem, which includes DealerFlow and Antenna Transfer alongside the planned development of the enhanced CoinCMPLY platform. The Company believes that this approach strengthens the Company's position in the rapidly expanding financial technology sector while addressing critical market needs.

 

Blue Summit

 

The Company also announces it entered into an agreement, dated May 16, 2025, with Blue Summit Ventures Inc. (“Blue Summit”), to assist in the strategy, development, and execution of the Company’s developer platform and partner integrations by leading cross-functional initiatives, prioritizing product opportunities, and tracking industry trends. The term of the engagement is for a period of six months. Blue Summit and its principals are arm’s length to the Company. The Company will pay to Blue Summit $75,000 (including applicable taxes), which is payable upfront. The Company does not propose to issue any securities to Blue Summit in consideration for the services to be provided to the Company. Blue Summit can be reached at: 5809, 88 Harbour Street, Toronto, ON, Canada, M5J 0C3, Tel: (416) 873-7662, Email: tyler@bluesummit.ca.

 

About Credissential

 

Credissential is an AI powered financial services software developer, currently focused on the development and commercialization of its flagship products, Credissential Dealerflow, Antenna, and CoinCMPLY. By addressing critical friction points in financial transactions, Credissential enables businesses and individuals to transfer value efficiently, securely, and compliantly.

 

For more information about Credissential and other products from Credissential, visit www.credissential.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Chief Executive Officer                Colin Frost

Head Office                         2004 Sherwood Drive Sherwood Park, AB T8A 0Z1

Telephone                         (604) 917-0375

Email                                 info@credissential.com  

The CSE and Information Service Provider have not reviewed and does not accept responsibility for the accuracy or adequacy of this release.

Forward-Looking Information

Certain information in this news release may constitute "forward-looking" information that involves known and unknown risks, uncertainties, future expectations and other factors which may cause the actual results, performance or achievements of the Company or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward looking information. When used in this news release, this information may include words such as "anticipate", "estimate", "may", "will", "expect", "believe", "plan" and other terminology. This information reflects current expectations regarding future events and operating performance and speaks only as of the date of this news release. Forward-looking statements are based on specific factors and assumptions that, while considered reasonable by the Company as of the date of such statements, are outside of the Company's control and are inherently subject to significant business, economic and competitive uncertainties. Forward-looking statements are inherently risky, and the information and plans disclosed therein may not come to fruition as contemplated or at all. Forward-looking statements in this news release include, but are not limited to, statements relating to: the reconfiguration of CoinCMPLY into a SAAS, the engagement of Blue Summit, business plans, objectives and strategy.

Except as required by law, we assume no obligation to update or revise forward-looking information to reflect new events or circumstances. Additional information is available in the Company's Management Discussion and Analysis, which can be found on SEDAR+ at www.sedarplus.ca.

Sources

1 https://www.security.org/digital-security/cryptocurrency-annual-consumer-report/

2 https://koinly.io/blog/canada-crypto-tax-statistics/