Wisekey International Holding Ltd and the Hashgraph Association Announce the First Tokenization Initiative for WISe.Art

By GlobeNewswire On Jan 18, 2024

WISeKey International Holding leader in cybersecurity, digital identity, and Internet of Things (IoT) solutions operating as a holding company, and The Hashgraph Association (THA), the non-profit Swiss organization behind the innovative distributed ledger technology (DLT) of Hedera Hashgraph (“Hedera”), are thrilled to announce a groundbreaking collaboration during the Davos 2024 event. This joint initiative focuses on the legal and regulatory compliant tokenization of art assets and equity-shares of WISe.Art AG, subsidiary of WISeKey.

The centerpiece of WISe.Art is the WISe.Art Marketplace built to redefine the way art is bought and sold, bringing transparency, security, authenticity, legal certainty, and fractional ownership to the forefront of the global art world. Leveraging WISeKey’s 25 years of proven expertise in cybersecurity and cryptography, the platform introduces a novel approach to art transactions and digital representation, ensuring a seamless and trustworthy experience of value exchange for artists, collectors, and enthusiasts.

Carlos Moreira, CEO of WISeKey, expressed his enthusiasm about the collaboration: “Tokenizing art assets and WISe.Art through our WISe.Art Platform marks a significant milestone in our technological evolution. This strategic partnership with THA underscores our commitment to pioneering secure and innovative solutions that redefine the future of authenticity and trust in art.”

Daytona Unveils Agent-Agnostic Infrastructure for Sandboxing AI Coding Assistants

Oct 31, 2024

Verax AI Raises $7.6 million in Seed Funding Led by TQ Ventures

Oct 31, 2024

AI helps Data Engineers be Distinguished Data Engineers

Oct 31, 2024

Prev Next 1 of 41,091

Kamal Yousefi, President of THA, commented from Davos on the collaboration: “Hedera’s unique consensus algorithm (“Hashgraph”) provides the ideal technology layer to ensure integrity and security of WISeKey’s authentication platform. We are excited to be part of this revolutionary project that has the potential to redefine the way we perceive and validate authenticity of art and other physical objects in the digital age.”

The launch of the tokenization initiative in Davos signals a strategic move towards a more secure, transparent, and trusted future for the authentication of physical objects. WISeKey and THA welcome industry leaders, stakeholders, and the global community to join them in shaping the future of authenticity through this groundbreaking collaboration.

[To share your insights with us, please write to sghosh@martechseries.com]