SEALCOIN AG Announces Key Features for its Hybrid Transactional Internet of Things TIOT Token

Zug, Switzerland – November 18, 2024 – WISeKey International Holding Ltd. (“WISeKey” or the “Company”) (SIX: WIHN, NASDAQ: WKEY), a global leader in cybersecurity, digital identity, and Internet of Things (IoT) innovations operating as a holding company, via its subsidiary SEALCOIN AG, is pleased to confirm that, in line with its interpretation of initial coin offerings guidelines published by the Swiss Financial Market Authority (“FINMA”), the SEALCOIN transactional-IoT (“TIOT”) token will function as a hybrid token with both utility and payment functionalities, consistent with its description in the SEALCOIN whitepaper. The dual-purpose of the SEALCOIN TIOT token is designed to facilitate secure IoT transactions and enable decentralized payments, and will be issued following the go-live of SEALCOIN platform.

Additionally, SEALCOIN AG confirms that no specific license will be required for the issuance and utilization of its SEALCOIN TIOT tokens, as currently outlined. As part of the next steps, SEALCOIN AG plans to register with a Self-Regulated Organization (SRO) in accordance with the Anti-Money Laundering Act. This regulatory alignment reinforces SEALCOIN’s commitment to driving secure, decentralized IoT interactions while maintaining full compliance with Swiss regulatory standards.

The SEALCOIN TIOT token was purposefully designed by SEALCOIN AG to address both the technical and business demands of decentralized IoT transactions. Its primary role is to enable real-time data exchanges, energy trading, and secure service interactions within IoT ecosystems. By focusing on practical, scalable solutions, the SEALCOIN TIOT token will ensure secure, automated, and decentralized device interactions, creating a transformative impact on IoT operations. This purpose-driven design positions the SEALCOIN TIOT token as a key component for enhancing connectivity and efficiency across interconnected devices.

For more information and a detailed overview of the SEALCOIN TIOT token and its role in decentralized IoT transactions, please refer to the SEALCOIN whitepaper available at www.sealcoin.ai.