WECANGROUP AND SEALCOIN INTEGRATE THEIR TECHNOLOGY TO SECURE DEVICE-TO-DEVICE TRANSACTIONS WITH STATE-OF-THE-ART KYO (KNOW YOUR OBJECT) SOLUTION BASED IN SWITZERLAND

Rhea-AI Summary

WISeKey (NASDAQ: WKEY) announces a strategic partnership between its subsidiary SEALCOIN and WeCanGroup to enhance secure device-to-device transactions and identity verification. The collaboration integrates SEALCOIN's blockchain-based IoT ecosystem with WeCanGroup's compliance framework, introducing a new Know Your Object (KYO) solution.

The partnership aims to revolutionize how banking, government, and defense sectors interact with connected devices by combining SEALCOIN's cybersecurity capabilities with WeCanGroup's Know Your Client (KYC) and Know Your Business (KYB) solutions. This integration will enable secure authentication and verifiable transactions for IoT devices while maintaining regulatory compliance.

The initiative will initially launch pilot programs focusing on three key sectors:

• Banking & Finance: Enabling trusted digital asset transactions and IoT payments
• Government & Public Services: Securing connected devices in infrastructure and smart cities
• Defense & Aerospace: Ensuring tamper-proof identity verification for defense IoT systems

Positive

• Strategic expansion into high-value regulated sectors (banking, government, defense)
• Integration of blockchain technology with established compliance frameworks
• Development of innovative KYO solution for IoT device authentication
• Creation of new revenue streams through pilot programs with key partners

Negative

• Initial focus to pilot programs with uncertain timeline for broader implementation
• Success dependent on adoption by regulated industries with typically long sales cycles

Insights

IoT Security and Blockchain Analyst

WISeKey's partnership with WeCanGroup represents a strategic expansion of their IoT security footprint into high-value regulated sectors. By integrating SEALCOIN's blockchain-based authentication with WeCanGroup's compliance framework, they're addressing a critical market need for secure device-to-device transactions in sensitive environments.

The newly developed KYO (Know Your Object) solution extends traditional identity verification beyond humans and businesses to connected devices - a logical progression as IoT deployments accelerate across critical infrastructure. This positions WISeKey to capitalize on growing regulatory requirements for device authentication in banking, government, and defense sectors.

Most promising is the focus on enabling IoT devices as autonomous transactional entities rather than merely connected endpoints. This shifts WISeKey's value proposition from basic security to facilitating trusted commerce between devices - a significantly larger addressable market with recurring revenue potential.

While starting with pilot programs indicates a measured approach, the targeted sectors (finance, government, defense) represent premium markets where security budgets are substantial and compliance requirements stringent. The Swiss-based solution also likely appeals to privacy-conscious European clients seeking alternatives to US-dominated security platforms.

Financial Technology Strategist

This partnership enhances WISeKey's competitive position in the high-margin enterprise security space by combining two complementary technologies - blockchain-secured IoT authentication and regulatory compliance frameworks. The integration creates a differentiated offering addressing the specific needs of heavily regulated industries.

The strategic value stems from WISeKey expanding beyond traditional device security into the transaction facilitation layer between devices. This positions them to capture a portion of the value flow between connected objects rather than just selling security certificates - potentially transforming their revenue model from one-time sales to transaction-based recurring revenue.

The initial focus on pilot programs with select partners represents a capital-efficient go-to-market strategy, allowing WISeKey to refine the solution with anchor clients before broader deployment. Banking, government and defense clients typically have longer sales cycles but offer greater stability once secured.

For a company with WISeKey's relatively modest $56M market capitalization, securing even a small foothold in critical infrastructure security could significantly impact financial performance. The partnership leverages existing technology rather than requiring substantial new R&D investment, suggesting favorable unit economics if adoption proceeds as planned.

WECANGROUP AND SEALCOIN INTEGRATE THEIR TECHNOLOGY TO SECURE DEVICE-TO-DEVICE TRANSACTIONS WITH STATE-OF-THE-ART KYO (KNOW YOUR OBJECT) SOLUTION BASED IN SWITZERLAND

Geneva, Switzerland – March 21, 2025 –WISeKey International Holding Ltd (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company, today announces that its subsidiary SEALCOIN and WeCanGroup are joining forces to enable secure transactions and advanced identity verification within the WeCanGroup ecosystem. This partnership will bring together SEALCOIN’s blockchain-based IoT and digital asset ecosystem with WeCanGroup’s trusted compliance and data security framework, enhancing the way banking, government and defense sectors onboard and interact with connected devices.

SEALCOIN is designed to securely authenticate and facilitate transactions between IoT devices, making them fully trusted and autonomous actors within a decentralized economy. By integrating SEALCOIN’s cybersecurity and blockchain capabilities into the WeCanGroup ecosystem, IoT devices will be able to perform secure, verifiable transactions while ensuring compliance with industry regulations.

WeCanGroup, a leader in secure digital identity and compliance solutions, is dedicated to enhancing data security and trust across industries. Through this collaboration, WeCanGroup’s Know Your Client (KYC) and Know Your Business (KYB) solutions will be expanded with Know Your Object (KYO), a revolutionary approach to verifying and managing IoT devices in highly regulated environments.

Unlocking New Use Cases in Regulated Sectors

The integration of SEALCOIN and WeCanGroup’s digital identity solutions will foster advanced onboarding processes for IoT ecosystems, enabling high-trust, high-security transactions in:

✔ Banking & Finance – Enabling trusted digital asset transactions, compliance-driven IoT payments, and regulatory oversight for financial services.

✔ Government & Public Services – Secure authentication of connected devices used in critical infrastructure, identity management, and smart city applications.

✔ Defense & Aerospace – Ensuring tamper-proof identity verification and transactional integrity for defense IoT systems and secure communication networks.

Strengthening Cybersecurity & Compliance for the IoT Economy

“This partnership marks a significant step toward making IoT truly transactional, while ensuring compliance and data security,” said Carlos Moreira, Founder and CEO at WISeKey. “With SEALCOIN’s advanced PKI-based IoT security and WeCanGroup’s trusted compliance solutions, we are creating a new standard for identity and transaction verification in highly regulated environments.”

“WeCanGroup has always been committed to enhancing data integrity and regulatory compliance, and this collaboration will allow us to extend our expertise beyond individuals and enterprises to include connected devices,” added Vincent Pignon, Founder and Chairman at WeCanGroup. “By combining KYC, KYB and KYO, we are enabling a future where IoT transactions are as secure, compliant, and trusted as any financial transaction today.”

Next Steps

The partnership will initially focus on pilot programs with key partners in finance, government and defense, before expanding to broader industrial and smart infrastructure use cases.

About WeCanGroup

Founded in 2015 in Switzerland, WeCanGroup is a leading provider of blockchain-based solutions for secure data management, serving individuals, enterprises, and financial institutions. The company is dedicated to improving data handling efficiency in response to the increasing volume of sensitive information being generated globally. By leveraging blockchain technology, WeCanGroup promotes the tokenization of data as a solution to common issues related to data completeness, redundancy, and security.

One of WeCanGroup’s flagship platforms, Wecan Comply, is a leading platform for orchestrating KYC & KYB compliance data. From onboarding to periodic reviews and audits, the platform seamlessly connects financial institutions through a secure and standardized data exchange protocol.

WeCanGroup has established itself as a market leader in Switzerland, recognized and adopted by major wealth management firms, banks, financial intermediaries, and large global enterprises. The platform enables the storage, request, sharing, and management of various types of data, such as KYB and KYC, leveraging the most advanced data exchange and storage infrastructure on the market.

About SEALCOIN

SEALCOIN, powered by WISeKey, is a secure digital transaction platform designed to enhance safety and compliance in blockchain-based payments and device-to-device transactions. With a strong focus on identity verification and cryptographic security, SEALCOIN is shaping the future of trusted digital ecosystems.

For more information, please visit www.sealcoin.ai and www.wecangroup.ch.

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.

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

FAQ

What is the purpose of WISeKey's SEALCOIN and WeCanGroup partnership announced in March 2025?

The partnership aims to integrate SEALCOIN's blockchain IoT ecosystem with WeCanGroup's compliance framework to enable secure device-to-device transactions and advanced identity verification in regulated sectors.

How will WKEY's new KYO (Know Your Object) solution benefit the banking sector?

The KYO solution will enable trusted digital asset transactions, compliance-driven IoT payments, and regulatory oversight for financial services through secure device authentication.

What sectors will be initially targeted by WKEY's new IoT security partnership?

The partnership will initially focus on pilot programs in three sectors: banking & finance, government & public services, and defense & aerospace.

How does WKEY's SEALCOIN technology enhance IoT device security?

SEALCOIN uses blockchain and PKI-based security to authenticate IoT devices, making them trusted autonomous actors capable of performing secure, verifiable transactions.