WISeKey,
Italpreziosi and Kaufmann & Partners
announced at Davos that PreciousMetalVerse.com
will Commercialize Authenticated and Verified Sustainable
Trusted Gold NFTs
The Trusted NFT is Backed by Gold and
Precious Metals and Tradable on WISe.ART NFT
Marketplace.
The Trusted NFT
Gold Tokens
Represent
Ownership
Over
Physical
Gold
Bars that are
Stored in a
Vault in
Both Switzerland and Italy.
GENEVA / New York / Davos 17 January 2023: WISeKey International
Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), leading global
cybersecurity, AI, Blockchain, and IoT company, and Italpreziosi ,
one of the world main operators in the production, refining and
trade of investment gold based, LBMA and RJC certified, together
with Kaufmann & Partners, are developing a potential project to
join forces to launch a NewCo with Headquarters in Zug to launch
NFTs backed up by a collateral in gold secured in bunkers in
Switzerland and Italy. This step is aligned with a joint commitment
towards the implementation of the UN SDGs Agenda.
Since 1984, Italpreziosi has offered a wide range of highly
qualified and professional services in the field of gold and
precious metals investments with particular attention to create
products based on customer’s needs. Among the products we find gold
bars and coins for individuals, ideal for those looking to invest
in gold. Italpreziosi is the ideal partner for all operators in the
precious metal sector, excelling for its reputation, service
efficiency, reliability, transparency, but above all for
sustainability and ethical commitment. Mrs. Ivana Ciabatti – CEO of
Italpreziosi – says “The company is very focussed on the human
rights protection with a strong support to women workers along all
the gold chain supply”.
WISeKey will have 51% of the capital allowing gold investment
via NFT in total safety, without having to physically handle the
products, opting to insert them directly into the Italpreziosi
insured deposit.
The gold products, equipped with a NFT based digital identity,
are tracked numerically and always covered by insurance for the
entire duration of the deposit service, which is carried out in a
third-party deposit, in order to be totally excluded from
Italpreziosi’s assets.
The TrustedNFT Gold tokens represent ownership over physical
gold bars that are stored in vaults in Switzerland and Italy. Each
TrustedNFT Gold represents an underlying bar of gold, with both the
token and the physical bar of gold sharing a unique digital
identity, which uses a patented method for digital certification of
authenticity of a physical object of value. The method includes the
steps of issuing a NFT, along with a digital certificate of
authenticity containing encrypted information reflecting at least
one characteristic unique to the physical gold bar, checking,
whenever required, the validity of the digital certificate of
authenticity by use of a network computer. The network computer
cooperates with the storage device and a validating or a certifying
authority so as to output sensibly in real time the status of
validity of the digital certificate of authenticity, and modifying,
whenever required.
More information about the patent can be found at
https://www.wisekey.com/company/our-value-proposition/our-patents/.
The Gold NFT approach is to implement via a smart contract that
enables users to trade NFTs for gold. This would let investors
profit from the price movements of non-fungible tokens and gold,
diversifying their portfolios and potentially lowering risk. The
possibilities for such integration aren’t limited to gold. This
mechanism is equally applicable to other precious metals.
The Trusted NFT Gold tokens are sold via the WISe.ART NFT
platform with a digital certificate warranty and KYC process
ensuring NFT’s owner has full legal rights to redeem the physical
gold bar and facilitating the transfer as Trusted NFT Gold owners
are with this technology able to sell their gold totally
decentralized via the WISe.ART NFT platform and blockchain.
A special edition of Trusted NFT Gold will be gradually listed
on the WISe.ART NFT marketplace, with the tokens representing
either one ounce of gold, 10 grams of gold, or 100 grams of gold,
respectively. Though the unique way of minting NFTs on the WISe.ART
platform always including the digital asset itself, proof of
integrity and provenance as well as contracts to define the rights
of the owner, the WISe.ART platform creates the only marketplace
where NFTs are actual usable digital twins and the Trusted Coin is
the entry point into this ecosystem.The NFT design of the WISe.Art
platform ensures that besides an authenticated and signed version
of the actual digital asset, an irreversible link to a physical
object is set up, in addition to proof of ownership, provenance and
a set of contracts describing future use and monetization streams.
The NFTs and platform are secured by WISeKey’s various security
technology enabling the authentication of physical objects as well
as digital assets in a safe end-to-end process. The partnership
with Green NFT also ensures that NFTs on the WISe.Art platform are
fully carbon neutral to comply with upcoming ESG regulations and
the desire of most collectors to protect the planet. The
platform also includes permanent storage of the NFTs and as well as
token rewards for participants in auctions, curators and other
companies or individuals that contribute to the community. Ivana
Ciabatti, CEO of Italpreziosi Spa noted, “Italpreziosi has always
had a farsighted vision towards innovation, fintech and
sustainability. This Joint Venture will be the perfect synergy
between all these components, strengthened by the collaboration of
world class players. We believe that through this JV we will be
able to satisfy the growing market demand with an innovative
product and the highest quality services.”“At Kaufmann &
Partners we only invest in world-class players which are always
looking for disruptive innovation: WISeKey together with
Italpreziosi are leading major changes across the fintech and De-Fi
space. This partnership will strengthen the support of building up
a brand-new asset class for investors eager to participate into the
next wave for fintech. Aiming to leverage the transition to Web 3.0
will be the key mission of that evolution,” said Francesco De Leo
Ph.D., Executive Chairman at Kaufmann & Partners and Ambassador
at Large at the World Artificial Intelligence Festival
Cannes.Carlos Moreira, Founder and CEO of WISeKey International
Holding, said, “The opportunity for a WISeKey Italpreziosi joint
venture is unequaled in the gold NFT market. WISeKey is the only
company in the world that delivers a vertical cybersecurity service
platform from Root of Trust to Chip To NFT. The joint venture, will
deliver an end-to-end solution and I am very much looking forward
to this cooperation as and I am confident that we will continue to
experience significant technological accomplishments and create
shareholder value on this market.”About ItalpreziosiItalpreziosi
was founded in 1984 and is one of the main operators in the
production, refining and trading of precious metals, and production
and trading of investment gold based in Arezzo, Italy. The company
is certified Gold Good Delivery by the London Bullion Market
Association since November 22, 2018, Code of Practice and Chain of
Custody by the Responsible Jewelry Council and is a certified
Fairmined Supplier. Italpreziosi is also a member of the
Responsible Mineral Initiative and the International Precious
Metals Institute. Thanks to the latest generation technologies and
systems with an impact close to zero, in addition to its central
position in the value chain, Italpreziosi represents the strategic
partner for all operators in the precious metals business, offering
complete solutions for mines, banks, jewelry manufacturers, and
industrial and private consumers. With the commitment to guarantee
the highest quality standards in compliance with the principles of
ethics and sustainability, Italpreziosi is the ideal partner for
all operators in the precious metals sector, excelling for its
reputation, service efficiency, reliability, transparency, but
above all for sustainability and ethical commitment. In line with
the highest standards, Italpreziosi pursues the United Nations 2030
agenda on Sustainable Development Goals (SDGS ), objectives it has
set itself to contribute to the creation of a more sustainable,
fair and equitable supply chain of precious metals. For more
information, visit www.italpreziosi.itAbout WISeKeyWISeKey, founded
in 1999 (NASDAQ: WKEY; SIX Swiss Exchange: WIHN), is a leading
global cybersecurity company currently deploying large scale
digital identity ecosystems for people and objects using
Blockchain, AI and IoT respecting the Human as the Fulcrum of the
Internet. WISeKey microprocessors secure the pervasive computing
shaping today’s Internet of Everything. WISeKey IoT has an install
base of over 1.5 billion microchips in virtually all IoT sectors
(connected cars, smart cities, drones, agricultural sensors,
anti-counterfeiting, smart lighting, servers, computers, mobile
phones, crypto tokens etc.). WISeKey is uniquely positioned to be
at the edge of IoT as our semiconductors produce a huge amount of
Big Data that, when analyzed with Artificial Intelligence (AI), can
help industrial applications to predict the failure of their
equipment before it happens.Our technology is Trusted by the
OISTE/WISeKey’s Swiss based cryptographic Root of Trust (“RoT”)
provides secure authentication and identification, in both physical
and virtual environments, for the Internet of Things, Blockchain
and Artificial Intelligence. The WISeKey RoT serves as a common
trust anchor to ensure the integrity of online transactions among
objects and between objects and people. For more information, visit
www.wisekey.com.About Kaufmann & PartnersKaufmann &
Partners is an investor and corporate advisory and investment firm
providing strategic advice and investment insights with our team of
Senior Partners, on international political, economic, technology,
sustainability, and security matters. Kaufmann & Partners
advises leading investment firms, world-class family offices and
innovative corporations through a diverse range of industries
aiming at enabling them to navigate the unprecedented uncertainties
stemming from today’s unstable political, business, technological
and regulatory environment. Selectively, Kaufmann & Partners
provides funding and its support to highly disruptive start-up
companies in the Fin-Tech and Artificial Intelligence market space.
Kaufmann & Partners Top Management Team and Advisors have built
a world-class capability to address the low probability events
shaping the world economy, that are the source of an unprecedented
level of volatility across markets. The overarching goal of
Kaufmann & Partners is to identify and measure non-financial
risks as a major source of technology disruptions, unexpected
fragilities, sustainability, and geopolitical challenges by
translating them into consistent and robust financial metrics and
indicators. By leveraging big data analytics and semantic search,
Kaufmann & Partners has built a state of the art capability to
track down the key drivers of industry disruptions affecting how
investors look at different asset classes, building indexes,
rankings and ratings enabling our client base to preserve their
assets value over time. For more information visit
http://kaufmannpartners.com.Press and investor contacts:WISeKey
International Holding LtdCompany Contact: Carlos MoreiraChairman
& CEOTel: +41 22 594 3000info@wisekey.comWISeKey Investor
Relations (US)Contact: Lena CatiThe Equity Group Inc.Tel: +1 212
836-9611lcati@equityny.comDisclaimer:This communication expressly
or implicitly contains certain forward-looking statements
concerning WISeKey International Holding Ltd and its business. Such
statements involve certain known and unknown risks, uncertainties
and other factors, which could cause the actual results, financial
condition, performance or achievements of WISeKey International
Holding Ltd to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. WISeKey International Holding Ltd is
providing this communication as of this date and does not undertake
to update any forward-looking statements contained herein as a
result of new information, future events or otherwise.
This press release does not constitute an offer to sell, or a
solicitation of an offer to buy, any securities, and it does not
constitute an offering prospectus within the meaning of article
652a or article 1156 of the Swiss Code of Obligations or a listing
prospectus within the meaning of the listing rules of the SIX Swiss
Exchange. Investors must rely on their own evaluation of WISeKey
and its securities, including the merits and risks involved.
Nothing contained herein is, or shall be relied on as, a promise or
representation as to the future performance of WISeKey.
WISeKey (NASDAQ:WKEY)
Historical Stock Chart
From Jun 2024 to Jul 2024
WISeKey (NASDAQ:WKEY)
Historical Stock Chart
From Jul 2023 to Jul 2024