Hashgraph Association invests in WISe.ART to promote digital art and cryptocurrency development

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The Hashgraph Association (THA) has made a strategic investment in WISe.ART, a subsidiary of WISeKey, a leader in cybersecurity, digital identity and IoT solutions. Focused on accelerating widespread adoption of the Hedera network globally, THA’s investment will fuel the growth of the WISe.ART platform, a digital marketplace for the arts and technology sectors with a focus on ensuring the security and verification of art assets. We will support you. Additionally, this investment specifically supports the growth of SEALCOIN, a cryptocurrency created by a WISeKey subsidiary that aims to build a strong economy for billions of internet-enabled devices, allowing devices to seamlessly exchange currency as well as data.

WISeKey partners with Hashgraph Association to promote digital art and cryptocurrency development

In a strategic move to advance the digital arts, cryptocurrency, and Internet of Things (IoT) sectors, WISeKey International Holding Ltd. has closed the following major investment rounds: Hashgraph Association (THA). The Switzerland-based non-profit association is dedicated to accelerating the global adoption of the Hedera Network, an innovative and sustainable public ledger designed for the decentralized economy.

Wisekeya global leader in cybersecurity, digital identity and IoT solutions, has made a strategic investment through its subsidiaries. Wise.ArtA pioneer in digital art and luxury collectibles. The goal of this collaboration is to accelerate the expansion and utilization of the Hedera network while advancing the development of the WISe.Art and SEALCOIN cryptocurrencies.

girl nameAcclaimed for its ultra-low transaction fees, ultra-fast network speeds, high scalability, and real-time payment capabilities, it will play a pivotal role in the next generation of digital finance.

Developed by SEALSQ Corp, a subsidiary of WISeKey, SEALCOIN is a digital token and advanced cryptocurrency protocol designed to create a powerful economy for countless internet-enabled devices in an increasingly connected world. In addition to data exchange, SEALCOIN facilitates seamless currency transactions for these devices.

Carlos Moreira, Founder and CEO of WISeKey “This investment by THA will accelerate the development of the WISe.ART platform V3.0 and enhance the Trusted NFT solution,” he said, emphasizing the importance of THA’s investment. WISe.ART, a comprehensive digital marketplace for the art and technology sectors, offers unique features such as curator and multiplier options, white labeling, and exclusive NFT designs. It aims to establish authenticated and signed digital assets, ensuring provenance, warranty, and secure ownership.

Kamal Youssefi, President of Hashgraph Association commented, “Through collaboration with WISe.ART, Hedera’s distributed ledger technology (DLT) will further expand into the mainstream.” Youssefi sees this partnership as an opportunity to leverage WISeKey’s efforts to authenticate physical objects to protect digital assets through advanced security technologies.

One notable aspect of this partnership is the tokenization of WISe.ART shares utilizing Hedera Token Services (HTS) and in compliance with Swiss regulations under the Swiss DLT Act. This move promises to revolutionize the future of investing by enhancing the efficiency, liquidity and security of stock trading. Ultimately, WISe.ART’s tokenized shares will be listed on a regulated digital stock exchange.

A key highlight of this collaboration is the integration of Hedera’s enterprise-grade network into SEALSQ IoT devices to facilitate secure and decentralized currency transactions. Hedera’s decentralized, open source, proof-of-stake distributed ledger technology leveraging Asynchronous Byzantine Fault Tolerance (ABFT) provides a high level of security to its consensus algorithms. The Hedera network is managed by a consortium of leading organizations, Web3 companies, and academic institutions.

Overall, the strategic investment round between WISeKey and The Hashgraph Association marks an important step towards the evolution of digital art, cryptocurrency and IoT. With Hedera’s advanced capabilities, the future promises a more secure, efficient, and widely adopted digital economy.

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