GENEVA –WISeKey International Holding (“WISeKey”) is a global cybersecurity, digital identity, and Internet of Things (IoT) solutions, operating as a holding company through its subsidiary WISe.ART, a leader in the field of digital art and luxury collectibles, announced the closing of a strategic investment round with The Hashgraph Association (THA) on January 2. THA is a Swiss-based non-profit association that accelerates the broad adoption of the Hedera network globally.
Carlos Moreira, Founder and CEO of WISeKey, highlighted the significance of the investment from THA in accelerating the development of the WISe.ART platform V3.0 and enhancing the Trusted NFT solution. WISe.ART is a comprehensive digital marketplace for the arts and technology sectors, offering unique capabilities such as curator and multiplier options, white-labeling, and exclusive NFT designs. The platform is designed to establish authenticated, signed digital assets, ensuring provenance, assurance, and secure ownership.
Hedera: The Blockchain/DLT Backbone of WISe.ART’s Innovative Solutions
Kamal Youssefi, President of The Hashgraph Association, expressed excitement about collaborating with WISe.ART, stating that it expands Hedera’s distributed ledger technology (DLT) to the mainstream. The collaboration leverages WISeKey’s commitment to authenticating physical objects by providing assurance in securing digital assets through advanced security technologies.
The tokenization of WISe.ART’s equity-shares is a pivotal aspect of this collaboration, achieved through the legal and regulatory compliant issuance of digital shares under the Swiss regulatory framework (Swiss DLT Act) and using the Hedera Token Service (HTS). This move enables the future of investment and enhances the efficiency, liquidity, and security of share trading. WISe.ART’s tokenized equity-shares are set to be listed on a regulated digital securities exchange.
Transforming the Digital Landscape with WISe.ART and SEALCOIN
The collaboration extends beyond WISe.ART, as the funding facilitates the integration of the Hedera enterprise-grade network into SEALSQ IoT devices. This integration allows secure, decentralized currency transactions, aligning with SEALCOIN’s mission. SEALCOIN, a digital token and advanced cryptocurrency protocol offered by SEALSQ Corp, focuses on establishing a robust economy for billions of internet-driven devices, enabling seamless exchange of both data and currency.
Hedera, being a decentralized, open-source, proof-of-stake DLT utilizing Asynchronous Byzantine Fault Tolerance (ABFT), provides the highest degree of security for a consensus algorithm. Governed by some of the world’s leading organizations, Web3 companies, and academic institutions, the Hedera network is set to play a crucial role in the expansion and utilization of the Hedera network, contributing to the development of innovative WISe.Art and SEALCOIN cryptocurrencies.