PHOENIX, Aug. 03, 2026 (GLOBE NEWSWIRE) --
Fold Holdings, Inc.
(NASDAQ: FLD) (“Fold” or the “Company”), a bitcoin financial services company making it easy for individuals to earn, save and spend bitcoin through everyday financial tools, today announced an upgrade to Fold’s identification verification infrastructure. The company has selected Persona, the leading verified identity platform, to strengthen how Fold verifies and protects customers.
Persona will power verification within Fold’s sign-up flow, creating a more connected process designed to support greater visibility, simpler navigation, and an advanced customer experience. Fold's identity verification now runs through Persona as of July 14, replacing the system Fold used to rely on. The new verification layer makes the onboarding process faster and more reliable, and gives customers who need additional steps a clearer, more guided path through the set up flow. The integration also gives Fold better visibility into how customers move through verification, helping the company address friction points as they come up.
“Identity verification is a critical step in onboarding. It’s one of the first places customers see whether a product is simple, user-friendly, and built with them in mind,” said Will Reeves, Chairman and CEO of Fold. “Working with Persona allows us to bring identity verification more directly into the Fold experience, creating a process that feels native to our product with a smoother, more reliable sign-up experience. We believe this improved onboarding experience will improve both customer conversion and supportability.”
"Identity verification shouldn't force businesses to choose between compliance and customer experience. Our goal with Fold is to make verification feel seamless for legitimate customers while helping the company meet regulatory requirements. That's how modern onboarding should work,"
said David Chachanko, Digital Assets and Compliance Lead at Persona.
The integration reflects Fold’s continued investment in the systems behind its financial services platform, beginning with onboarding and extending across the customer journey. It also follows several recent Company milestones, including the rollout of the Fold Bitcoin Credit Card and recent capital transactions designed to improve Fold’s ability to scale its consumer and enterprise platforms.
About Fold
Fold (NASDAQ: FLD) is the first publicly traded bitcoin financial services company, making it easy for individuals and businesses to earn, save, and use bitcoin. Fold is at the forefront of integrating bitcoin into everyday financial experiences. Through innovative products like the Fold App, Fold Credit Card™, Fold Bitcoin Gift Card™, and Fold Debit Card™, the company is building the bridge between traditional finance and the bitcoin-powered future.
For investor inquiries, please contact:
Orange Group
Samir Jain, CFA
FoldIR@orangegroupadvisors.com
For media inquiries, please contact:
Cindy Stoller
Confluence Partners, LLC
917-331-0418
cstoller@confluencepartners.com
media@foldapp.com
Forward-Looking Statements:
The information in this press release includes “forward-looking statements” within the meaning of the federal securities laws. All statements that are not statements of historical fact are forward-looking statements. Forward-looking statements may be identified by the use of words such as “may,” “could,” “would,” “should,” “predict,” “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements are based on assumptions and on the current expectations of Fold’s management and are not predictions of actual events. Many actual events and circumstances are beyond the control of Fold. These forward-looking statements are subject to a number of risks and uncertainties, including: (i) changes in domestic and foreign business, market, financial, political and legal conditions; (ii) our continued ability to implement business plans and appropriate technology infrastructure; (iii) our continued access to and cooperation with necessary third party partners; and (iv) those factors discussed in Fold’s filings with the Securities and Exchange Commission. If any of these risks materialize or Fold’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. While Fold may elect to update these forward-looking statements at some point in the future, Fold specifically disclaims any obligation to do so, except as required by law.
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Fold Holdings Selects Persona to Upgrade Identity Verification and Improve Customer Onboarding
Fold Holdings integrates Persona for enhanced identification verification, improving customer onboarding and experience in its bitcoin financial services.
Quiver AI Summary
Fold Holdings, Inc. has enhanced its customer identification verification processes by integrating with Persona, a leading identity verification platform. This new system, effective July 14, aims to create a more user-friendly onboarding experience for customers signing up for Fold's bitcoin financial services. The updated verification layer is designed to make the process faster and more reliable while providing clear guidance for customers who may require additional steps. CEO Will Reeves emphasized the importance of seamless identity verification in enhancing customer experience and conversion rates. The integration reflects Fold's ongoing investment in improving its financial services, following significant milestones such as the launch of the Fold Bitcoin Credit Card.
Potential Positives
Potential Negatives
FAQ
What is the recent upgrade Fold implemented for customer verification?
Fold upgraded its identification verification infrastructure by partnering with Persona to enhance and streamline its verification processes for customers.
How does the new verification system improve the onboarding process?
The new system allows for a faster, more reliable onboarding experience with clearer guidance for customers through the verification steps.
When did Fold switch to the Persona verification platform?
Fold transitioned to the Persona verification platform on July 14, 2026, enhancing its customer identity verification process.
What are the benefits of the new customer verification experience?
The new experience offers greater visibility, simpler navigation, and an overall improved user experience during the sign-up process.
How does Fold ensure compliance with regulatory requirements?
Fold works with Persona to create a seamless identity verification process that meets regulatory requirements while enhancing customer experience.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$FLD Insider Trading Activity
$FLD insiders have traded $FLD stock on the open market 47 times in the past 6 months. Of those trades, 3 have been purchases and 44 have been sales.
Here’s a breakdown of recent trading of $FLD stock by insiders over the last 6 months:
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$FLD Revenue
$FLD had revenues of $5.6M in Q1 2026. This is a decrease of -21.1% from the same period in the prior year.
You can track FLD financials on Quiver Quantitative's FLD stock page.
You can access data on FLD stock through the Quiver Quantitative API.
$FLD Hedge Fund Activity
We have seen 29 institutional investors add shares of $FLD stock to their portfolio, and 20 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$FLD Price Targets
Multiple analysts have issued price targets for $FLD recently. We have seen 2 analysts offer price targets for $FLD in the last 6 months, with a median target of $2.35.
Here are some recent targets:
Full Release
PHOENIX, Aug. 03, 2026 (GLOBE NEWSWIRE) -- Fold Holdings, Inc. (NASDAQ: FLD) (“Fold” or the “Company”), a bitcoin financial services company making it easy for individuals to earn, save and spend bitcoin through everyday financial tools, today announced an upgrade to Fold’s identification verification infrastructure. The company has selected Persona, the leading verified identity platform, to strengthen how Fold verifies and protects customers.
Persona will power verification within Fold’s sign-up flow, creating a more connected process designed to support greater visibility, simpler navigation, and an advanced customer experience. Fold's identity verification now runs through Persona as of July 14, replacing the system Fold used to rely on. The new verification layer makes the onboarding process faster and more reliable, and gives customers who need additional steps a clearer, more guided path through the set up flow. The integration also gives Fold better visibility into how customers move through verification, helping the company address friction points as they come up.
“Identity verification is a critical step in onboarding. It’s one of the first places customers see whether a product is simple, user-friendly, and built with them in mind,” said Will Reeves, Chairman and CEO of Fold. “Working with Persona allows us to bring identity verification more directly into the Fold experience, creating a process that feels native to our product with a smoother, more reliable sign-up experience. We believe this improved onboarding experience will improve both customer conversion and supportability.”
"Identity verification shouldn't force businesses to choose between compliance and customer experience. Our goal with Fold is to make verification feel seamless for legitimate customers while helping the company meet regulatory requirements. That's how modern onboarding should work," said David Chachanko, Digital Assets and Compliance Lead at Persona.
The integration reflects Fold’s continued investment in the systems behind its financial services platform, beginning with onboarding and extending across the customer journey. It also follows several recent Company milestones, including the rollout of the Fold Bitcoin Credit Card and recent capital transactions designed to improve Fold’s ability to scale its consumer and enterprise platforms.
About Fold
Fold (NASDAQ: FLD) is the first publicly traded bitcoin financial services company, making it easy for individuals and businesses to earn, save, and use bitcoin. Fold is at the forefront of integrating bitcoin into everyday financial experiences. Through innovative products like the Fold App, Fold Credit Card™, Fold Bitcoin Gift Card™, and Fold Debit Card™, the company is building the bridge between traditional finance and the bitcoin-powered future.
For investor inquiries, please contact:
Orange Group
Samir Jain, CFA
FoldIR@orangegroupadvisors.com
For media inquiries, please contact:
Cindy Stoller
Confluence Partners, LLC
917-331-0418
cstoller@confluencepartners.com
media@foldapp.com
Forward-Looking Statements:
The information in this press release includes “forward-looking statements” within the meaning of the federal securities laws. All statements that are not statements of historical fact are forward-looking statements. Forward-looking statements may be identified by the use of words such as “may,” “could,” “would,” “should,” “predict,” “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements are based on assumptions and on the current expectations of Fold’s management and are not predictions of actual events. Many actual events and circumstances are beyond the control of Fold. These forward-looking statements are subject to a number of risks and uncertainties, including: (i) changes in domestic and foreign business, market, financial, political and legal conditions; (ii) our continued ability to implement business plans and appropriate technology infrastructure; (iii) our continued access to and cooperation with necessary third party partners; and (iv) those factors discussed in Fold’s filings with the Securities and Exchange Commission. If any of these risks materialize or Fold’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. While Fold may elect to update these forward-looking statements at some point in the future, Fold specifically disclaims any obligation to do so, except as required by law.
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