The Hashgraph Association (THA), a non-profit organization dedicated to creating a thriving innovative ecosystem for startups, enterprises, and governmental institutions, announced on Monday that it has provided strategic funding to WISe.ART AG, a subsidiary of the cybersecurity company WISeKey with headquarters in Switzerland.
According to a statement from WISeKey, the money will be used to advance the integration of trusted non-fungible tokens (NFTs) through the WISe.ART platform and to speed up the widespread adoption of the Hedera network.
“The funding will enable us to advance the development of our WISe.ART platform V 3.0 and commercialize the extension of our trusted NFT solution,
“We look forward to working with THA and Hedera on its plan to issue tokenized shares via ledger-based securities, a process commonly known as ‘tokenization’,” said Carlos Moreira, Founder and Chief Executive Officer of WISeKey.
In addition to bolstering the positions of both businesses in the digital identity and NFT markets, the statement claims that this strategic funding from THA also serves as a demonstration of the flexibility and potential of blockchain technology in enabling the next generation of the internet.
The financing of WISe.ART also includes the “tokenization” of WISe.ART AG shares into ledger-based securities via the Hedera network, a high-performance public ledger for the decentralized economy.
Due to the fact that these tokens can be transferred digitally, it follows that the underlying assets, in this case the equity shares of WISe.ART, can as well.
By eliminating middlemen and minimizing paperwork, the tokenization of shares streamlines the process of buying, selling, and trading shares.
Furthermore, by enabling fractional ownership, which divides a single tokenized share among several owners, it improves accessibility.
All financial parties involved will benefit greatly from this new development.
It improves liquidity for investors because tokens can be easily exchanged on secondary markets.
It may result in broader, more international investor participation for issuers like WISe.ART, potentially increasing the amount of capital raised. Platforms and other intermediaries’ profit from increased trading activity by facilitating it.
The use of the Hedera network by WISe.ART to tokenize shares is an example of how blockchain technology is upending conventional finance.
It highlights how blockchain technology can be used to build financial systems that are more effective, inclusive, and transparent.
With this agreement, WISe.ART and Hedera are anticipated to solidify their positions as leaders in the blockchain and digital asset industries.
WISe.ART is a complete marketplace with the goal of bringing together all players in the arts and technology sectors.
