When running on IIS 10 how do I find a certificate on a USB etoken?

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C#

I am developing a C# application that needs to sign documents using a certificate issued to a user and stored on a SafeNet eToken. When I run the application on IIS Express, it is able to locate the certificate and prompts for the PIN to access the eToken. However, when I publish the application to IIS 10 server and run it from there, it cannot find the certificate. Moreover it does not return any error. It simply does not find the certificate. I have changed the code to search for the certificate in all stores and store locations but failed to resolve this. What could be the issue?

Below is the code I am using:

public static X509Certificate2 GetCertificateFromStore2(string thumbprint)
        {
            
            foreach (StoreLocation storeLocation in (StoreLocation[])Enum.GetValues(typeof(StoreLocation)))
            {
               
                foreach (StoreName storeName in (StoreName[])Enum.GetValues(typeof(StoreName)))
                {
                    X509Store store = new X509Store(storeName, storeLocation);
                    
                    try
                    {
                        store.Open(OpenFlags.ReadOnly);

                        // Place all certificates in an X509Certificate2Collection object.
                        X509Certificate2Collection certCollection = (X509Certificate2Collection)store.Certificates;
                        // If using a certificate with a trusted root you do not need to FindByTimeValid, instead:
                        // currentCerts.Find(X509FindType.FindBySubjectDistinguishedName, certName, true);
                        X509Certificate2Collection currentCerts = certCollection.Find(X509FindType.FindByTimeValid, DateTime.Now, false);
                        //X509Certificate2Collection currentCerts = certCollection.Find(X509FindType.FindByThumbprint, thumbprint, true);
                        if (currentCerts.Count > 0)
                        {

                            X509Certificate2Collection signingCert = currentCerts.Find(X509FindType.FindByThumbprint, thumbprint, true);
                            if (signingCert.Count > 0)
                                // Return the first certificate in the collection, has the right name and is current.
                                return signingCert[0];
                        }

                    }
                    
                    finally
                    {
                        store.Close();
                    }

                }
            }
            return null;
        }

What I have tried:

I tried searching all stores and locations but not successful. On the IIS 10 server, I gave access to ApplicationPoolIdentity as an actual user on the server. But this has also not yielded positive results!