WISe.ART AG,
a Subsidiary of
WISeKey, Receives
Strategic Funding from The
Hashgraph Association to Accelerate Trusted NFT
Adoption via the WISe.ART Platform
This
strategic
funding in
WISe.ART,
includes the adoption by
WISe.ART
of the Hedera
network, a high-performance public ledger
for the decentralized economy, to tokenize
WISe.ART AG shares in the form of
ledger-based securities, a process known as
"tokenization"
ZUG, SWITZERLAND – August 7, 2023 - WISeKey
International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a
leader in cybersecurity, AI, Blockchain, and IoT operating as a
holding company, announced today that it has received strategic
funding from The Hashgraph Association (THA). This funding will be
used to accelerate the broad adoption of the Hedera network and
advance the integration of Trusted NFTs through the WISe.ART
platform.Carlos Moreira, Founder and CEO of WISeKey, stated: “We
are thrilled about this strategic funding made by THA. The funding
will enable us to advance the development of our WISe.ART platform
V 3.0 and commercialize the extension of our Trusted NFT solution.
We look forward to working with THA and Hedera on its plan to issue
tokenized shares via ledger-based securities, a process commonly
known as 'tokenization.”WISe.ART is a fully-fledged marketplace
that aims to connect all actors of the arts and technology
industries. The platform offers a host of capabilities, including
options for curators and multipliers, white-labeling, and unique
NFT designs. WISe.ART ensures an authenticated and signed version
of each digital asset, creating an irreversible link to the
physical object. It provides proof of ownership, provenance, and
contracts outlining future use and monetization streams.Built on
Hedera, WISe.ART provides minting and trading of NFTs into
WISeKey’s own ecosystem, enabling participants to remain anonymous,
while ensuring KYC processes to maintain a clean marketplace.
WISeID, a trusted identity service, facilitates access to web and
mobile applications with strong authentication techniques.Hedera, a
cutting-edge, sustainable public ledger for the decentralized
economy, uses a leaderless, asynchronous Byzantine Fault Tolerance
(aBFT) Hashgraph consensus algorithm. Hedera's performance
optimized Ethereum Virtual Machine (EVM) smart contracts, along
with its user-friendly native tokenization and consensus service
APIs, empower developers to create real-time web3 applications and
ecosystems.Kamal Youssefi, President of The Hashgraph Association,
commented: “We're excited to collaborate with WISeKey, which shares
our vision of bringing DLT technology into the mainstream. The
creation of NFTs over the WISe.ART platform, secured through its
high-grade security technologies, enables the authentication of
physical objects and digital assets in a safe and compliant
end-to-end process. This exemplifies the impactful applications
that can be built on the Hedera network.”This strategic funding
from THA not only strengthens the position of both organizations in
the digital identity and NFT market, but also serves as a testament
to the potential and versatility of blockchain technology in
powering the future of the internet.This funding of WISe.ART also
includes the adoption of the Hedera network, a high-performance
public ledger for the decentralized economy, to tokenize WISe.ART
AG shares in the form of ledger-based securities, a process known
as "tokenization." These tokens can be transferred digitally, which
implies that the underlying assets - in this case, the equity
shares of WISe.ART - can also be transferred. The tokenization of
shares simplifies the process of buying, selling, and trading
shares by removing intermediaries and reducing the need for
paperwork. Moreover, it increases accessibility by allowing
fractional ownership, where a single tokenized share can be split
among multiple owners.This new development offers immense
opportunities for all financial parties involved. For investors, it
enhances liquidity, as tokens can be easily traded on secondary
markets. For issuers like WISe.ART, it can lead to broader, more
global investor participation, potentially increasing the capital
raised. Intermediaries such as platforms benefit by facilitating
and benefiting from increased trading activity.The WISe.ART
integration of the Hedera network to tokenize shares exemplifies
how blockchain technology is disrupting traditional finance. It
underscores the potential of blockchain in creating more efficient,
inclusive, and transparent financial systems. This agreement is
expected to further establish WISe.ART and Hedera as innovators in
the blockchain and digital asset space.
About
WISe.ART: WISe.ART is working on
cross-blockchain support, enabling a truly open data economy with
the support of Ethereum, Polygon and Hedera and gradually add new
chains so to ensure interoperability and scalability as part of
WISeKey’s overall strategy to act as a leading platform of the
Web3.0 revolution. It provides both a secure marketplace and
platform where NFT buyers and sellers can easily connect their
crypto wallets to instantly purchase or list their NFTs for sale.
WISeKey has added the support of the Polygon blockchain,
drastically reducing and even eliminating gas fees for creators,
buyers and sellers on the WISe.ART marketplace. WISe.ART is working
on cross-blockchain support, enabling a truly open data economy
with the support of Ethereum, Polygon and Hedera and gradually
adding new chains so to ensure interoperability and scalability as
part of WISeKey’s overall strategy to act as a leading platform of
the Web3.0 revolution. 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, if
relevant.
About WISeKey:
WISeKey International Holding Ltd ("WISeKey", SIX: WIHN; Nasdaq:
WKEY) is a global leader in cybersecurity, digital identity, and
IoT solutions platform. It operates as a Swiss-based holding
company through several operational subsidiaries, each dedicated to
specific aspects of its technology portfolio. The subsidiaries
include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on
semiconductors, PKI, and post-quantum technology products, (ii)
WISeKey SA which specializes in RoT and PKI solutions for secure
authentication and identification in IoT, Blockchain, and AI, (iii)
WISeSat AG which focuses on space technology for secure satellite
communication, specifically for IoT applications, and (iv) WISe.ART
Corp which focuses on trusted blockchain NFTs and operates the
WISe.ART marketplace for secure NFT transactions.
Each subsidiary contributes to WISeKey's mission
of securing the internet while focusing on their respective areas
of research and expertise. Their technologies seamlessly integrate
into the comprehensive WISeKey platform. WISeKey secures digital
identity ecosystems for individuals and objects using Blockchain,
AI, and IoT technologies. With over 1.6 billion microchips deployed
across various IoT sectors, WISeKey plays a vital role in securing
the Internet of Everything. The company's semiconductors generate
valuable Big Data that, when analyzed with AI, enable predictive
equipment failure prevention. Trusted by the OISTE/WISeKey
cryptographic Root of Trust, WISeKey provides secure authentication
and identification for IoT, Blockchain, and AI applications. The
WISeKey Root of Trust ensures the integrity of online transactions
between objects and people. For more information on WISeKey's
strategic direction and its subsidiary companies, please visit
www.wisekey.com.
About
The Hashgraph Association: The
Hashgraph Association supports training and education programs
across multiple industry verticals. In the forefront is the digital
enablement and empowerment of the public through broad adoption of
Hedera-powered enterprise-grade solutions and decentralized
applications (dApps), which includes innovation, accreditation, and
certification programs. As a non-profit organization headquartered
in Switzerland, The Hashgraph Association promotes and provides
funding for innovation, research and development for the benefit of
economic inclusion and with a positive environmental, social, and
governance (ESG) impact. For information about The Hashgraph
Association, visit www.hashgraph-association.com.
Press and investor contacts:
WISeKey International Holding LtdCompany Contact: Carlos
MoreiraChairman & CEOTel: +41 22 594
3000info@wisekey.com |
WISeKey Investor Relations (US)Contact: Lena CatiThe Equity Group
Inc.Tel: +1 212 836-9611lcati@equityny.com |
Hashgraph AssociationImmanuel Van Poppel
immanuel.vanpoppel@hashgraph-association.com |
Disclaimer: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.
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