WISeKey International Holding AG announced that it is in the process of incorporating SEALCOIN AG, a Special Purpose Vehicle that will house the decentralized technology project SEALCOIN. Incorporation of the SPV as a WISeKey subsidiary is expected to be completed in early July 2024 in cooperation with The Hashgraph Association, a Swiss-based association which is at the forefront of digital enablement and empowerment using the Hedera network. The Hashgraph Association will become a strategic investor to the SPV with additional details to be announced in the coming weeks.

The SEALCOIN project aims to underpin decentralization ambitions on a global scale, setting a new standard for secure and efficient decentralized transactions. The project began in January 2024 at WISeKey?s semiconductor subsidiary, SEALSQ Corp, as a proof of concept. Strategic investment from The Hashgraph Association will allow SEALCOIN to integrate its advanced decentralized solutions with the leading industrial and decentralized infrastructure provided by Hedera, to create a strong Decentralized Physical Infrastructure Networks ecosystem, with the goal of revolutionizing the IoT landscape.

Regulatory Excellence Incorporation of SEALCOIN AG in Switzerland reinforces WISeKey?s commitment to operating within the highest standards of regulatory excellence given Switzerland?s leadership in blockchain and DLT regulatory frameworks. The Company will align the practices of SEALCOIN AG with FINMA guidelines; launch and roll-out of the SEALCOIN platform and tokens is subject to completion of relevant regulatory processes in applicable jurisdictions. Key Developments To date, a summary of key developments in the SEALCOIN project include: Decision to launch SEALCOIN AG: Currently being incorporated in Zug, Switzerland, a new subsidiary of WISeKey focused on decentralization in the Transaction-IoT market.

Strategic investment from The Hashgraph Association: Collaboration to integration solutions with Hedera?s leading DLT infrastructure. Regulatory Compliance: Commitment to adhering to FINMA guidelines, leveraging Switzerland's robust blockchain and DLT regulatory frameworks. Core Expertise: Building on years of experience in cybersecurity, semiconductors, and digital identity.