Fredericton-based BlueLedger announced a paid pilot program for its ID verification technology on Thursday after receiving investment from MaxWave Capital.

The company, which emerged from stealth at the ALL IN 2026 conference in Montreal, is developing technology to help public-company issuers, legal counsel and market-integrity teams investigate discrepancies in financial records.

BlueLedger said conflicting records can complicate efforts to verify ownership, establish payment entitlements and investigate suspected trading irregularities. Its platform compares information such as regulatory filings, corporate-action records, security identifiers and timelines, while distinguishing supported findings from unresolved questions.

“We compared filings, corporate-action records, identifiers and timelines, often moving between different systems and jurisdictions just to answer basic questions about the same security,” said BlueLedger CEO Tiana Stoddart in the statement. “The information was there, but the complete story was not.”

The company is initially offering the platform through paid pilots with securities issuers. It plans to make the technology available to retail investors as it expands.

BlueLedger was co-founded by former Meta Materials Inc. CEO George Palikaras, who is board chair; Stoddart; and UNB professor Dr. Dhirendra Shukla, who is chief science officer. Palikaras said he encountered problems with conflicting records while working inside a Nasdaq-listed company. Stoddart spent about three years manually tracing records with other investors.

Shukla has expertise in entrepreneurial finance and financial intelligence, including through his company Gray Wolf Analytics.

The press release said BlueLedger has received investment from MaxWave Capital, but did not say how much. MaxWave is led by Managing Partner Peter J. Balafas, who has three decades of experience in the financial industry.

Balafas said MaxWave's investment thesis focuses on combining artificial intelligence with domain expertise, reliable evidence and integration into established client workflows. In May, MaxWave invested in Dartmouth-based AI company Arken Innovations.

Founded by serial entrepreneur Sam Sanandaji, Arken has developed a product called the Knowledge Fusion Engine, which employs artificial intelligence to help clients in regulated industries make crucial decisions.

Stoddart said she is moving from Vancouver to New Brunswick to build the company and is investing her own capital in the business. She also cited New Brunswick's Small Business Investor Tax Credit as support for eligible investment.

BlueLedger also plans to recruit artificial intelligence and machine-learning talent in New Brunswick, though it will target global markets. Its potential market includes more than 50,000 listed companies worldwide, said the company.

The company was announced publicly at ALL IN 2026, an artificial intelligence conference held Sept. 16–17 at the Palais des congrès de Montréal.