Swiss Internet of Things company WISeKey subsidiary WISeCoin has raised $7 million in initial funding

According to Globe Newswire, on April 11, WISeKey, a Swiss network security and Internet of Things company, announced that WISeCoin AG (WISeCoin), created by WISeKey, has raised $7 million in initial funding for pre-STO rounds of investment and convertible debt financing. It is reported that WISeCoin will conduct STO and will be listed in the second quarter in 2019. The securities issued by WISeCoin have nothing to do with the securities issued by WISeKey. The WISeCoin program raised a total of approximately 1,75,875,500 Swiss francs (approximately $1,55,566,000) to further develop its solution.