WISeCoin Raises an Initial $7 Million on a pre-STO Round of Investment and Convertible Debt

WISeKey International Holding SA / WISeCoin Raises an Initial $7 Million on a pre-STO Round of Investment and Convertible Debt . Processed and transmitted by West Corporation. The issuer is solely responsible for the content of this announcement.

WISeCoin Raises an Initial $7 Million on a pre-STO Round of Investment and Convertible Debt

Zug, Switzerland - April 11, 2019: WISeKey International Holding Ltd (WIHN.SW) ("WISeKey"), a leading Swiss based cybersecurity and IoT company, today announced that WISeCoin AG ("WISeCoin"), the company created by WISeKey with the focus to build the infrastructure for secure intra-object interactions using blockchain technology has raised an initial $7 Million on a pre- Security Token Offering (STO) round of investment and convertible debt.

WISeCoin will pursue a STO and will be available from Q2 2019. The securities being issued by WISeCoin are not in any way related to the securities issued by WISeKey. 

WISeCoin AG intends to raise a total of CHF 17,587,527 in aggregate in order to further develop its solution, although the Company may increase or decrease this amount in its sole discretion.

WISeCoin will be presenting its strategy and solutions at Blockchain Revolution Global (BRG) Conference.  Co-hosted by the Blockchain Research Institute (BRI), the world's leading independent think-tank for Blockchain, and MCI Group, a global leader on building community, the event is the first of a series of global congresses and it will be held in Toronto, Canada at the Metro Toronto Convention Centre on April 24 - 25, 2019.

Unlike other events on Blockchain, BRG focuses on Blockchain's transformation of enterprises, governments and industries. This conference will showcase inspiring talks, provocative and thoughtful sessions and "brain dates" featuring a roster of global CEOs, practitioners and BRI researchers led by the renowned worldwide thought leaders on Blockchain, Don and Alex Tapscott. Unique in design, a 360-degree stage will create the most integrated and collaborative experience between brands and leaders from 20+ industries, all discussing vertical and horizontal transformations for the global enterprise and government blockchain community.