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Cryptocurrencies

WISeCoin raises an initial USD 7 mln on pre-STO round of investment

Thursday 11 April 2019 | 12:07 PM CET

WISeCoin has raised an initial USD 7 million on a pre-Security Token Offering (STO) round of investment and convertible debt.

WISeCoin is the company created by Switzerland-based cybersecurity and IoT company WISeKey, and its focus is to build the infrastructure for secure intra-object interactions using blockchain technology. The company will pursue a STO and will be available from Q2 2019, however the securities being issued by WISeCoin are not in any way related to the securities issued by WISeKey.

Moreover, it 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.

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