SEALCOIN AG Confirms FINMA (Swiss Regulator) Classification and Licensing Clarification for its Hybrid Transactional Internet of Things TIOT Token
SEALCOIN AG, a subsidiary of WISeKey International Holding (SIX: WIHN, NASDAQ: WKEY), has received confirmation regarding its SEALCOIN TIOT token classification from FINMA, the Swiss Financial Market Authority. The token is classified as a hybrid token with both utility and payment functionalities, requiring no specific license for issuance and utilization. The company plans to register with a Self-Regulated Organization (SRO) in compliance with Anti-Money Laundering Act. The TIOT token is designed to facilitate secure IoT transactions, enable decentralized payments, and support real-time data exchanges and energy trading within IoT ecosystems.
SEALCOIN AG, una filiale di WISeKey International Holding (SIX: WIHN, NASDAQ: WKEY), ha ricevuto conferma riguardo la classificazione del suo token SEALCOIN TIOT da parte della FINMA, l'Autorità svizzera del mercato finanziario. Il token è classificato come un token ibrido con funzionalità sia di utilità che di pagamento, non richiedendo una licenza specifica per l'emissione e l'utilizzo. L'azienda prevede di registrarsi presso un'Organizzazione di Autoregolamentazione (SRO) in conformità con la Legge contro il Riciclaggio di Denaro. Il token TIOT è progettato per facilitare transazioni IoT sicure, abilitare pagamenti decentralizzati e supportare scambi di dati in tempo reale e commercio energetico all'interno degli ecosistemi IoT.
SEALCOIN AG, una filial de WISeKey International Holding (SIX: WIHN, NASDAQ: WKEY), ha recibido la confirmación sobre la clasificación de su token SEALCOIN TIOT por parte de FINMA, la Autoridad Suiza del Mercado Financiero. El token está clasificado como un token híbrido con funciones tanto de utilidad como de pago, sin requerir una licencia específica para su emisión y uso. La empresa planea registrarse en una Organización de Autorregulación (SRO) en cumplimiento con la Ley de Prevención del Lavado de Dinero. El token TIOT está diseñado para facilitar transacciones IoT seguras, permitir pagos descentralizados y apoyar intercambios de datos en tiempo real y comercio de energía dentro de los ecosistemas IoT.
SEALCOIN AG, WISeKey International Holding (SIX: WIHN, NASDAQ: WKEY)의 자회사,는 스위스 금융시장 감독청(FINMA)으로부터 SEALCOIN TIOT 토큰 분류에 대한 확인을 받았습니다. 이 토큰은 유틸리티 및 지불 기능을 모두 가진 하이브리드 토큰으로 분류되며, 발행 및 사용에 대한 특정 면허가 필요하지 않습니다. 회사는 자금세탁방지법에 따라 자기규제조직(SRO)에 등록할 계획입니다. TIOT 토큰은 안전한 IoT 거래를 촉진하고, 분산 지불을 가능하게 하며, IoT 생태계 내에서 실시간 데이터 교환 및 에너지 거래를 지원하도록 설계되었습니다.
SEALCOIN AG, une filiale de WISeKey International Holding (SIX: WIHN, NASDAQ: WKEY), a reçu la confirmation concernant la classification de son token SEALCOIN TIOT par FINMA, l'Autorité Suisse du Marché Financier. Le token est classé comme un token hybride avec des fonctionnalités à la fois d'utilité et de paiement, ne nécessitant aucune licence spécifique pour son émission et son utilisation. La société prévoit de s'enregistrer auprès d'une Organisation d'Autocontrôle (SRO) conformément à la Loi sur le Blanchiment d'Argent. Le token TIOT est conçu pour faciliter des transactions IoT sécurisées, permettre des paiements décentralisés et soutenir les échanges de données en temps réel ainsi que le commerce de l'énergie au sein des écosystèmes IoT.
SEALCOIN AG, eine Tochtergesellschaft von WISeKey International Holding (SIX: WIHN, NASDAQ: WKEY), hat die Bestätigung bezüglich der Klassifizierung ihres SEALCOIN TIOT Tokens von der FINMA, der Schweizer Finanzmarktaufsicht, erhalten. Der Token wird als hybrider Token klassifiziert, der sowohl Dienstleistungs- als auch Zahlungsfunktionen bietet und für die Emission und Nutzung keine spezifische Lizenz benötigt. Das Unternehmen plant, sich bei einer Selbstregulierungsorganisation (SRO) gemäß dem Geldwäschegesetz zu registrieren. Der TIOT-Token dient der Erleichterung sicherer IoT-Transaktionen, der Ermöglichung dezentraler Zahlungen sowie der Unterstützung von Echtzeitdatenübertragungen und Energiehandel innerhalb von IoT-Ökosystemen.
- Regulatory clarity achieved with FINMA classification as hybrid token
- No specific license required for token issuance and utilization
- Token designed for practical IoT applications including data exchanges and energy trading
- None.
Insights
The FINMA classification of SEALCOIN's TIOT token as a hybrid token represents a significant regulatory milestone, though its immediate market impact remains The dual utility-payment classification and confirmation of no specific licensing requirements reduces regulatory uncertainty and potential compliance costs. However, several critical aspects require attention:
- The token's actual implementation and technical infrastructure are still pending platform launch
- The planned SRO registration indicates additional regulatory requirements ahead
- Market adoption will heavily depend on the practical implementation of IoT transaction capabilities
While the regulatory clarity is positive for long-term development, the current
SEALCOIN AG Confirms FINMA (Swiss Regulator) Classification and Licensing Clarification 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 ICO guidelines published by the Swiss Financial Market Authority (“FINMA”), the SEALCOIN transactional-IoT (“TIOT”) token is classified as a hybrid token with both utility and payment functionalities, consistent with its description in the SEALCOIN whitepaper. This classification reflects the dual-purpose of the SEALCOIN TIOT token, which 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.
About WISeKey
WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions, and (v) SEALCOIN AG which focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform.
Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.
About SEALCOIN
SEALCOIN is a decentralized platform designed to facilitate secure, autonomous transactions between IoT devices. Built on Hedera Hashgraph, SEALCOIN allows devices to engage in seamless service-for-payment exchanges without the need for intermediaries. With a focus on privacy, scalability, and decentralized governance, SEALCOIN is poised to revolutionize the Internet of Things (IoT) landscape.
Disclaimer
This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa's predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.
Press and Investor Contacts
| WISeKey International Holding Ltd Company Contact: Carlos Moreira Chairman & CEO Tel: +41 22 594 3000 info@wisekey.com | WISeKey Investor Relations (US) The Equity Group Inc. Lena Cati Tel: +1 212 836-9611 / lcati@equityny.com Katie Murphy Tel: +1 212 836-9612 / kmurphy@equityny.com |
FAQ
What is the FINMA classification for SEALCOIN's TIOT token (WKEY)?
Does SEALCOIN AG require a special license to issue TIOT tokens (WKEY)?
What are the main functions of SEALCOIN's TIOT token (WKEY)?
