Cyberseurity Firm WISeCoin Raises $7 million in Financing

WISeKey International Holding (WIHN:SW), Swedish cybersecurity firm announced that its distributed ledger technology subsidiary WISeCoin raised $7 million in financing. This was part of a pre-security token offering investment round that included convertible debt. Founded in August 2018, WISeCoin stores users identity and identifies objects with a digital certificate. The STO is expected to launch later in the second quarter of 2019.

As quoted in the press release:

WISeCoin AG intends to raise a total of CHF 17,587,527 in aggregate in order to further develop its solution, although the Company may increase or decrease this amount in its sole discretion.

WISeCoin will be presenting its strategy and solutions at Blockchain Revolution Global (BRG) Conference. Co-hosted by the Blockchain Research Institute (BRI), the world’s leading independent think-tank for Blockchain, and MCI Group, a global leader on building community, the event is the first of a series of global congresses and it will be held in Toronto, Canada at the Metro Toronto Convention Centre on April 24 – 25, 2019.

Unlike other events on Blockchain, BRG focuses on Blockchain’s transformation of enterprises, governments and industries. This conference will showcase inspiring talks, provocative and thoughtful sessions and “brain dates” featuring a roster of global CEOs, practitioners and BRI researchers led by the renowned worldwide thought leaders on Blockchain, Don and Alex Tapscott. Unique in design, a 360-degree stage will create the most integrated and collaborative experience between brands and leaders from 20+ industries, all discussing vertical and horizontal transformations for the global enterprise and government blockchain community

Click here to read the full press release.