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WISeKey Announces the Establishment of SEALCOIN AG Subsidiary
Special Purpose Vehicle to House Operations of the Revolutionary SEALCOIN Project
Zug, Switzerland, July 2, 2024 – WISeKey International Holding Ltd. ("WISeKey" or the "Company") ((SIX: WIHN, NASDAQ:WKEY), a leading global cybersecurity and IoT company operating as a holding company, today announced that it is in the process of incorporating SEALCOIN AG, a Special Purpose Vehicle ("SPV") that will house the decentralized technology project SEALCOIN. Incorporation of the SPV as a WISeKey subsidiary is expected to be completed in early July 2024 in cooperation with The Hashgraph Association, a Swiss-based association which is at the forefront of digital enablement and empowerment using the Hedera network. The Hashgraph Association will become a strategic investor to the SPV with additional details to be announced in the coming weeks.
The SEALCOIN project aims to underpin decentralization ambitions on a global scale, setting a new standard for secure and efficient decentralized transactions. The project began in January 2024 at WISeKey's semiconductor subsidiary, SEALSQ Corp ("SEALSQ") (NASDAQ:LAES), as a proof of concept.
