Sealsq receives $50 million investment pledge

Investment from GEM Digital Limited, a Bahamas-based digital asset investment company that actively identify, regulates and monetizes utility tokens on more than 30 centralized and decentralized exchanges worldwide. Global Emerging Markets (‘GEM’) is an investment group with total assets of $3.4 billion, with offices in Paris, New York and the Bahamas.
Furthermore, Hashgraph Group, a company at the forefront of designing, creating and deploying distributed ledger technology (DLT) solutions on the Hedera network, has entered into a contract with WISeKey to contribute to the seed financing of SEALCOIN AG, provide engineering and technical skills, and provide strategic advice in the Web3 economy.

WISeKey International Holding Co., Ltd. (WKEY), a prominent cybersecurity and Internet of Things (IoT) company operating as a holding company, today announced that SEALCOIN AG has received a symbolic investment pledge of $50 million from GEM Digital Limited. SEALCOIN AG was created by WISeKey to function as a Special Purpose Entity (‘SPV’) to manage its decentralized technology initiative, SEALCOIN. The large financial pledge made by GEM will be used to develop DePIN, which uses the Hedera DLT ledger and its smart contracts.

Carlos Moreira, CEO of WISeKey, said: “Investing through a token subscription agreement from GEM not only aligns with our shared goals, but also represents a critical step in achieving SEALCOIN’s goals. The $50 million investment pledge from GEM Digital Limited will play a vital role in SEALCOIN’s SEALCOIN DePIN progress. The funds provided by GEM will be allocated to improve the functionality of the platform, ensuring scalable, efficient and robust solutions for IoT transactions and promoting SEALCOIN as a machine-to-machine code globally.”

In addition, THG, a leader in the design, development and deployment of Hedera-based DLT solutions on the Hedera network, signed a contract with WISeKey to provide seed funding to SEALCOIN AG, as well as engineering and technical expertise and strategic guidance in the Web3 economy. THG, a Swiss digital innovation and project building company, which is appointed by the Hashgraph Association (THA) to deliver and manage HYDRA’s network’s strategic empowerment programs, excels in digital empowerment for startups, businesses and government agencies through its proven innovation and project building programs, using the Hydra network. The SEALCOIN project aims to transform the Internet of Things (IoT) using Hedera’s Decentralized Ledger (DLT) technology by enabling devices to conduct transactions and exchange services independently through their token, SEALCOIN.

The platform meets the growing demand for reliable and efficient transactions in the IoT sector, especially in the Transactional Internet of Things (t-IoT), using Hedera’s DLT ledger, Hedera Smart Contract Service (HSCS), Hedera Token Service (HTS), and Hedera Consensus Service (HCS). This results in a distributed ledger that allows IoT devices to negotiate, execute, and terminate transactions independently without human intervention or intermediaries, improving efficiency, security, and reliability.

THG’s investment will enhance SEALCOIN AG’s ability to create scalable and robust IoT transaction solutions on the Hedera platform. Support includes not only financial assistance, but also technical engineering knowledge, understanding of token economics, and strategic guidance in Web3.

GEM Digital Limited, a digital asset investment firm based in the Bahamas, identifies, regulates and invests utility tokens on more than 30 centralized and decentralized exchanges worldwide. GEM is an investment group with assets of $3.4 billion, with offices in Paris, New York and the Bahamas.

SEALCOIN AG is leading the way in transforming the IoT landscape. With strategic investments from THG and GEM Digital, SEALCOIN is poised to transform the Internet of Things with its advanced DePIN services platform, designed to enable devices

SEALCOIN Project – Using Blockchain and DLT Technology for the Internet of Things

SEALCOIN uses blockchain technology and decentralized ledger technology (DLT) to enable secure and seamless interaction between devices. Through the use of Hedera DLT ledger and its smart contracts, SEALCOIN provides a decentralized framework that allows IoT devices to negotiate, execute and settle transactions independently. This innovative approach eliminates the need for human intervention or additional intermediaries, enhancing the efficiency, security, and reliability of IoT interactions.

The SEALCOIN platform is currently under development and is expected to be operational in the last quarter of this year. WISekey completes regulatory requirements for issuing tokens to customers and investors using this technology. A proof of concept for using SEALCOIN in t-IoT has already been created and is available for public review at this link https://youtu.be/daOvoOxqGvQ.

Transformational Applications of SEALCOIN

Home Automation: SEALCOIN allows smart devices to independently manage transactions for energy usage, maintenance, and subscription services, promoting the concept of a self-sufficient smart home.
Logistics management: SEALCOIN enables automated transactions and seamless data exchange between sensors, trackers and management systems, improving efficiency and transparency in supply chains.
Vehicle Automation: SEALCOIN handles small-scale transactions of toll charges, parking lots, charging stations and data exchange with traffic management systems, leading to innovation in autonomous transportation.
Urban Development: SEALCOIN facilitates device-to-device transactions in public transport, environmental monitoring and resource management, improving city operations and sustainable urban living.
Medical devices: Wearables and implantable devices can use SEALCOIN for secure data transmission and automated payments for diagnostic or monitoring services, ensuring an uninterrupted healthcare experience.
Energy Sector: SEALCOIN allows devices such as solar panels and batteries to independently circulate surplus energy, improving resource allocation and encouraging sustainability.
Industrial Automation: SEALCOIN automates transactions between machines, sensors and systems, reducing costs and increasing efficiency in industrial processes.
Retail and Services: Smart vending machines and automated stores can use SEALCOIN for easy payments and efficient inventory management, transforming the consumer experience.
Agriculture: SEALCOIN is improving farm management by allowing IoT devices to conduct data exchange and service payments, fostering innovation in agriculture.
Direct transactions: SEALCOIN supports direct device-to-device transactions in a decentralized manner, resulting in a more distributed and flexible economy.

SEALCOIN, with technological support from WISeKey, is more than just a token; it represents an important step towards a more efficient, secure and interconnected world. Their potential uses in various industries highlight their ability to transform transactions from device to device. As we move into this new era, SEALCOIN envisions a future where machines interact seamlessly and safely, creating a network of technological collaborations that can redefine our daily lives.

About GEM Digital Limited

GEM Digital Limited is a digital asset investment firm. Headquartered in the Bahamas, the company actively identifying, regulating and monetizing utility tokens on more than 30 centralized and decentralized exchanges worldwide.

Global Emerging Markets (‘GEM’) is an investment group with assets of US$3.4 billion, with offices in Paris, New York and the Bahamas. The GEM Group manages a variety of investment instruments focused on emerging markets, and has completed more than 580 deals in 72 countries. Each investment instrument offers a different balance between operational control and risk-adjusted return and liquidity. These investment instruments provide the Grand Egyptian Museum and its partners with the opportunity to invest in: small and medium-sized management purchases, private investments in public equity, and selected investment investments.

About Hashgraph Group

The Hashgraf Group is a professional organization dedicated to promoting innovation and building projects. It supports entrepreneurs, businesses, and government organizations around the world by developing enterprise-grade solutions and decentralized applications on the Hedera network. Headquartered Switzerland, the Hashgraph Group is accredited by the Hashgraph Association to be the service provider of various strategic Hydra empowerment programs aimed at enabling a digital future for all and achieving widespread adoption of the Hydra network globally. For more details, please visit the www.hashgraph-association.com website.

About SEALCOIN AG

SEALCOIN AG, a Switzerland-based entity focused on the decentralized physical internet (DePIN), is transforming the IoT landscape through its SEALCOIN project. Supported by strategic investment from Hashgraph, a leader in digital empowerment through the Hedera network, SEALCOIN AG is set to revolutionize the Internet of Things (IoT).

The SEALCOIN project uses Hedera’s Decentralized Ledger (DLT) technology to build a sophisticated platform for independent transactions and exchange of services for payment between IoT devices. At the heart of this project is the SEALCOIN utility token, which facilitates secure and seamless interactions between devices and participants.

To meet the need for efficient and trustworthy IoT transactions, especially in transactional IoT, the SEALCOIN platform uses DLT, Smart Contracts Service (HSCS), Token Service (HTS) and Compliance Service (HCS) from Hedera. This infrastructure enables IoT devices to negotiate, execute and terminate transactions independently, eliminating the need for human intervention or intermediaries, thereby improving efficiency, security, and reliability.

About WISeKey

WISeKey International Holdings Limited (‘WISeKey’, SNSE: WIHN; NASDAQ: WKEY) is a global leader in cybersecurity, digital identity and IoT solutions. It operates as a Swiss holding company with several operational subsidiaries, each focusing on specific parts of its technology portfolio. Its subsidiaries include (1) SEALSQ Corp. (NASDAQ: LAES), a specialist in semiconductors, PIDs, and post-quantum technology products, (2) WISeKey SA, which focuses on Root of Trust (RoT) solutions and PIDs for secure authentication and identification in IoT, blockchain and artificial intelligence, (3) WISeSat AG, a specialist in space technology for secure satellite communications, especially for IoT applications, and (4) WISe.ART Corp., which specializes in trusted NFTs blockchain and manages a WISe.ART market for secure NFT transactions, and (v) SEALCOIN AG, which focuses on decentralized physical internet using DePIN technology and SEALCOIN platform development.

Each subsidiary contributes to WISeKey’s mission to secure the Internet and specializes in their respective areas of research and expertise. Their technologies integrate into the WISeKey platform, which secures digital identity systems for people and objects using blockchain, artificial intelligence, and the Internet of Things technologies. With more than 1.6 billion chips spread across the IoT sectors, WISeKey plays a crucial role in securing the Internet of Everything. The company’s semiconductors generate valuable big data, which, when analyzed using artificial intelligence, enables the predictability of equipment failures. The OISTE/WISeKey crypto root of cryptography verifies and identifies IoT, blockchain, and AI applications, ensuring the safety of online transactions between objects and people. For more information on the strategic direction of WISeKey and its subsidiaries, please visit www.wisekey.com.

Forward-looking statements

Disclaimer:

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