WISeKey,
Italpreziosi and Kaufmann
& Partners Signed
a MoU for a Joint Venture
to Commercialize
Authenticated and
Verified Trusted Gold NFTs
The Trusted NFT is
Backed by Gold and
Precious Metals and
Tradable on WISe.ART NFT
Marketplace.
The Joint Venture
PreciousMetalVerse.com will
be Launched in January
2023.
The TrustedNFT Gold tokens represent ownership
over physical gold bars that are stored in a vault in both
Switzerland and Italy.
Italpreziosi offers a wide range of highly
qualified and professional services in the field of gold and
precious metals investments with particular attention to
flexibility, creating ad hoc (1:1) products based on customer’s
needs. Among the products we find gold bars and coins for
individuals, ideal for those looking for investment in gold.
GENEVA / New York –
November 15,
2022: WISeKey International Holding Ltd.
(“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), leading global
cybersecurity, AI, Blockchain, and IoT company, today announced
that it has been signed an MoU with Italpreziosi, one of the main
operators in the production, refine and trade of precious metals,
production and trade of investment gold based to offer Trusted NFTs
that are backed by gold and have offsets carbon attached using
WISeKey technologies. Both parties together with Kaufmann &
Partners will create a Joint Venture in Switzerland of which
WISeKey will have 51% of the capital allowing gold investment via
NFT in total safety, without having to physically handle the
products, opting to insert them directly into the Italpreziosi
insured deposit.The gold products, equipped with a NFT based
digital identity, are tracked numerically and always covered by
insurance for the entire duration of the deposit service, which is
carried out in a third-party deposit, in order to be totally
excluded from Italpreziosi's assets.
The TrustedNFT Gold tokens represent ownership
over physical gold bars that are stored in a vault in Switzerland
and Italy. Each TrustedNFT Gold represents an underlying bar of
gold, with both the token and the physical bar of gold sharing a
unique digital identity, which uses a patented method for digital
certification of authenticity of a physical object of value. The
method includes the steps of issuing a NFT, along with a digital
certificate of authenticity containing encrypted information
reflecting at least one characteristic unique to the physical gold
bar, checking, whenever required, the validity of the digital
certificate of authenticity by use of a network computer. The
network computer cooperates with the storage device and a
validating or a certifying authority so as to output sensibly in
real time the status of validity of the digital certificate of
authenticity, and modifying, whenever required.
More information about the patent can be found
at
https://www.wisekey.com/company/our-value-proposition/our-patents/.
The Gold NFT approach is to implement via a
smart contract that enables users to trade NFTs for gold. This
would let investors profit from the price movements of non-fungible
tokens and gold, diversifying their portfolios and potentially
lowering risk. The possibilities for such integration aren’t
limited to gold. This mechanism is equally applicable to other
precious metals.
The Trusted NFT Gold tokens are sold via the
WISe.ART NFT platform with a digital certificate warranty and KYC
process ensuring NFT’s owner has full legal rights to redeem the
physical gold bar and facilitating the transfer as Trusted NFT Gold
owners are with this technology able to sale their gold totally
decentralized via the WISe.ART NFT platform and
blockchain. A special edition of Trusted NFT Gold
will be gradually listed on the WISe.ART NFT marketplace, with the
tokens representing either one ounce of gold, 10 grams of gold, or
100 grams of gold respectively. Though the unique way of minting
NFTs on the WISe.ART platform always including the digital asset
itself, proof of integrity and provenance as well as contracts to
define the rights of the owner, the WISe.ART platform creates the
only marketplace where NFTs are actual usable digital twins and the
TrustedCoin is the entry point into this ecosystem.
The NFT design of
the WISe.Art platform ensures that besides an
authenticated and signed version of the actual digital asset, an
irreversible link to a physical object is set up, in addition to
proof of ownership, provenance and a set of contracts describing
future use and monetization streams. NFTs and platform are secured
by WISeKey’s various security technology enabling the
authentication of physical objects as well as digital assets in a
safe end-to-end process.
The partnership with Green NFT also
ensures that NFTs on the WISe.Art platform are fully
carbon neutral to comply with upcoming ESG regulations and the
desire of most collectors to protect the planet. The platform
also includes permanent storage of the NFTs and as well as token
rewards for participants in auctions, curators and other companies
or individuals that contribute to the community.
Ivana Ciabatti, CEO at Italpreziosi Spa noted,
“Italpreziosi has always had a farsighted vision towards
innovation, fintech and sustainability. This Joint Venture will be
the perfect synergy between all of these components, strengthened
by the collaboration of world class players. We believe that
through this JV we will be able to satisfy the growing market
demand with an innovative product and the highest quality
services.”
“At Kaufmann & Partners we just invest into
world-class players which are always looking for disruptive
innovation: WISeKey together with Italpreziosi are leading major
changes across the fintech and De-Fi space. This partnership will
strengthen the support of building up a brand-new asset class for
investors eager to participate into the next wave for fintech.
Aiming to leverage the transition to Web 3.0 will be the key
mission of that evolution,” said Francesco De Leo Ph.D., Executive
Chairman at Kaufmann & Partners and Ambassador at Large at the
World Artificial Intelligence Festival Cannes.
Carlos Moreira, Founder and CEO of WISeKey
International Holding, said, “The opportunity for a WISeKey
Italpreziosi joint venture is unequaled in the gold NFT market.
WISeKey is the only company in the world that delivers a vertical
cybersecurity service platform from Root of Trust to Chip To NFT.
The joint venture, will deliver an end-to-end solution and I
am very much looking forward to this cooperation as and I am
confident that we will continue to experience significant
technological accomplishments and create shareholder value on this
market.”
About Italpreziosi
Italpreziosi was founded in 1984 and is one of
the main operators in the production, refining and trading of
precious metals, production and trading of investment gold based in
Arezzo, Italy. The company is certified Gold Good Delivery by the
London Bullion Market Association since November 22, 2018, Code of
Practice and Chain of Custody by the Responsible Jewellery Council,
and is a certified Fairmined Supplier. Italpreziosi is also a
member of the Responsible Mineral Initiative and the International
Precious Metals Institute. Thanks to the latest generation
technologies and systems with an impact close to zero, in addition
to its central position in the value chain, Italpreziosi represents
the strategic partner for all operators in the precious metals
business, offering complete solutions for mines, banks, jewelery
manufacturers, industrial and private consumers. With the
commitment to guarantee the highest quality standards in compliance
with the principles of ethics and sustainability. Italpreziosi is
the ideal partner for all operators in the precious metals sector,
excelling for its reputation, service efficiency, reliability,
transparency, but above all for sustainability and ethical
commitment. In line with the highest standards, Italpreziosi
pursues the United Nations 2030 agenda on Sustainable Development
Goals ( SDGS ), objectives it has set itself to
contribute to the creation of a more sustainable, fair and
equitable supply chain of precious metals. For more information,
visit www.italpreziosi.it
About WISeKey
WISeKey founded in 1999 (NASDAQ: WKEY; SIX Swiss
Exchange: WIHN) is a leading global cybersecurity company currently
deploying large scale digital identity ecosystems for people and
objects using Blockchain, AI and IoT respecting the Human as the
Fulcrum of the Internet. WISeKey microprocessors secure the
pervasive computing shaping today’s Internet of Everything. WISeKey
IoT has an install base of over 1.5 billion microchips in virtually
all IoT sectors (connected cars, smart cities, drones, agricultural
sensors, anti-counterfeiting, smart lighting, servers, computers,
mobile phones, crypto tokens etc.). WISeKey is uniquely positioned
to be at the edge of IoT as our semiconductors produce a huge
amount of Big Data that, when analyzed with Artificial Intelligence
(AI), can help industrial applications to predict the failure of
their equipment before it happens.
Our technology is Trusted by the OISTE/WISeKey’s
Swiss based cryptographic Root of Trust (“RoT”) provides secure
authentication and identification, in both physical and virtual
environments, for the Internet of Things, Blockchain and Artificial
Intelligence. The WISeKey RoT serves as a common trust anchor to
ensure the integrity of online transactions among objects and
between objects and people. For more information, visit
www.wisekey.com.
About Kaufmann &
Partners
Kaufmann & Partners is an investor and
corporate advisory and investment firm providing strategic advice
and investment insights with our team of Senior Partners, on
international political, economic, technology, sustainability and
security matters. Kaufmann & Partners advises leading
investment firms, world-class family offices and innovative
corporations through a diverse range of industries aiming at
enabling them to navigate the unprecedented uncertainties stemming
from today's unstable political, business, technological and
regulatory environment. Selectively, Kaufmann & Partners
provides funding and its support to highly disruptive start-up
companies in the Fin-Tech and Artificial Intelligence market space.
Kaufmann & Partners Top Management Team and Advisors have built
a world-class capability to address the low probability events
shaping the world economy, that are the source of an unprecedented
level of volatility across markets. The overarching goal of
Kaufmann & Partners is to identify and measure non-financial
risks as a major source of technology disruptions, unexpected
fragilities, sustainability and geopolitical challenges by
translating them into consistent and robust financial metrics and
indicators. By leveraging big data analytics and semantic search,
Kaufmann & Partners has built a state of the art capability to
track down the key drivers of industry disruptions affecting how
investors look at different asset classes, building indexes,
rankings and ratings enabling our client base to preserve their
assets value over time. For more information visit
http://kaufmannpartners.com.
Press and investor contacts:WISeKey
International Holding LtdCompany Contact: Carlos MoreiraChairman
& CEOTel: +41 22 594 3000info@wisekey.com
WISeKey Investor Relations (US)Contact: Lena CatiThe Equity
Group Inc.Tel: +1 212 836-9611lcati@equityny.com
Disclaimer:This communication
expressly or implicitly contains certain forward-looking statements
concerning WISeKey International Holding Ltd and its business. Such
statements involve certain known and unknown risks, uncertainties
and other factors, which could cause the actual results, financial
condition, performance or achievements of WISeKey International
Holding Ltd to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. WISeKey International Holding Ltd is
providing this communication as of this date and does not undertake
to update any forward-looking statements contained herein as a
result of new information, future events or otherwise.This press
release does not constitute an offer to sell, or a solicitation of
an offer to buy, any securities, and it does not constitute an
offering prospectus within the meaning of article 652a or article
1156 of the Swiss Code of Obligations or a listing prospectus
within the meaning of the listing rules of the SIX Swiss Exchange.
Investors must rely on their own evaluation of WISeKey and its
securities, including the merits and risks involved. Nothing
contained herein is, or shall be relied on as, a promise or
representation as to the future performance of WISeKey.
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