Summary by Futu AI
WISeKey and SEALSQ announce the development of SEALCOIN, a decentralized technology project, under WISeKey's umbrella. SEALCOIN AG, a new Swiss subsidiary of WISeKey, is set to be incorporated in early July 2024 to house this initiative. The Hashgraph Association is expected to be a strategic investor, while SEALSQ Corp will not be a shareholder.SEALCOIN AG aims to revolutionize the IoT landscape by integrating WISeKey's cybersecurity expertise with Hedera's decentralized infrastructure. The project will leverage SEALSQ's semiconductor and PKI solutions, with SEALSQ serving as a chip supplier and distributor for the platform. WISeKey is aligning SEALCOIN AG's practices with FINMA guidelines, capitalizing on Switzerland's advanced blockchain regulatory framework.The launch of the SEALCOIN token and platform rollout is pending completion of relevant regulatory processes. This strategic move underscores WISeKey's commitment to advancing decentralized physical infrastructure networks (DEPIN) and secure IoT transactions on a global scale.
