Jaguar8 commented on a stock · Nov 19, 2024 03:15

NEWS

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.

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Jaguar8

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