Core Viewpoint - SEALCOIN AG has confirmed the classification of its TIOT token as a hybrid token with utility and payment functionalities, aligning with Swiss regulatory guidelines [1][2] Group 1: Token Classification and Licensing - The SEALCOIN TIOT token is classified as a hybrid token, designed for secure IoT transactions and decentralized payments [1] - No specific license is required for the issuance and utilization of SEALCOIN TIOT tokens, reinforcing regulatory compliance [2] Group 2: Purpose and Functionality of the TIOT Token - The SEALCOIN TIOT token is designed to meet the technical and business needs of decentralized IoT transactions, enabling real-time data exchanges and secure service interactions [3] - The token aims to enhance connectivity and efficiency across interconnected devices, creating a transformative impact on IoT operations [3] Group 3: Company Overview - WISeKey International Holding Ltd operates as a global leader in cybersecurity, digital identity, and IoT solutions, with several subsidiaries focusing on different technology aspects [5][6] - The company has deployed over 1.6 billion microchips across various IoT sectors, playing a vital role in securing the Internet of Everything [6]
SEALCOIN AG Confirms FINMA (Swiss Regulator) Classification and Licensing Clarification for its Hybrid Transactional Internet of Things TIOT Token