SEALCOIN Secures $50 Million Investment Commitment from GEM Digital Limited Through a Structured Token Subscription Agreement of the SEALCOIN Utility Token to Develop Decentralized Physical Internet Network (DePIN)

August 13, 2024

https://www.globenewswire.com/news-release/2024/08/13/2929471/0/en/SEALCOIN-Secures-50-Million-Investment-Commitment-from-GEM-Digital-Limited-Through-a-Structured-Token-Subscription-Agreement-of-the-SEALCOIN-Utility-Token-to-Develop-Decentralized-.html

Zug, Switzerland, August 13, 2024 – Ad-Hoc announcement pursuant to Art. 53 of SIX Listing Rules – 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 SEALCOIN AG has secured a $50 million token investment commitment from GEM Digital Limited. SEALCOIN AG has been established by WISeKey to serve as a Special Purpose Vehicle (“SPV”) to house its decentralized technology project, SEALCOIN. This significant financial commitment by GEM will be utilized to develop DePIN, leveraging the Hedera DLT ledger and its smart contracts.

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