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)

• The investment commitment from GEM Digital Limited, a digital asset investment firm based in The Bahamas that actively sources, structures and invests in utility tokens listed on over 30 CEXs and DEXs globally. Global Emerging Markets (“GEM”) is a $3.4 billion alternative investment group with offices in Paris, New York, and the Bahamas.
• Additionally, The Hashgraph Group, a leader in the design, development, and deployment of Hedera-powered DLT solutions on the Hedera network, has signed an agreement with WISeKey to provide initial investment into SEALCOIN AG, engineering and technical expertise, and strategic guidance in the Web3 economy.

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.

Carlos Moreira, CEO of WISeKey, commented, "The investment commitment through a Token Subscription Agreement from GEM not only reflects our shared values but also represents a significant milestone in advancing SEALCOIN's vision. The $50 million investment commitment from GEM Digital Limited will be pivotal in accelerating the development of SEALCOIN’s DePIN. The funds provided by GEM will be directed towards enhancing the platform’s capabilities, ensuring scalable, efficient, and robust IoT transaction solutions and promote the use of SEALCOIN as Machine-to-Machine token worldwide.”

Additionally, THG, a leader in the design, development, and deployment of Hedera-powered DLT solutions on the Hedera network, has signed an agreement with WISeKey to provide initial investment into SEALCOIN AG, engineering and technical expertise, and strategic guidance in the Web3 economy. THG, a Swiss-based digital innovation and venture building company mandated by The Hashgraph Association (THA) for the delivery and operation of strategic Hedera-enablement programs, is specialized in the digital empowerment of startups, enterprises, and government institutions through its proven innovation and venture building programs, leveraging the Hedera network. The SEALCOIN project aims to revolutionize the Internet of Things (IoT) using Hedera’s decentralized ledger technology (DLT) by enabling autonomous transactions and service exchanges among IoT devices through its utility token, SEALCOIN.