Press release
SEALSQ, a WISeKey Affiliate, and WeCanGroup Sign Strategic Agreement for SEALSQ to Acquire a 30% Stake in WeCanGroup
Geneva, Switzerland, March 24, 2025 (GLOBE NEWSWIRE) -- SEALSQ Corp (NASDAQ: LAES) ("SEALSQ" or "Company"),a subsidiary of WISeKey, and WeCanGroup SA have
About this update from Sealsq Corp
[{"type":"text","content":"Geneva, Switzerland, March 24, 2025 (GLOBE NEWSWIRE) -- SEALSQ Corp (NASDAQ: LAES) (\"SEALSQ\" or \"Company\"),a subsidiary of WISeKey, and WeCanGroup SA have entered into a strategic agreement under which SEALSQ will acquire a 30% equity stake in WeCanGroup. This collaboration aims to accelerate the adoption of blockchain-based security solutions within the Web 3.0 ecosystem, with a strong focus on post-quantum cryptography, Internet of Things (IoT) security, and financial sector resilience against emerging cyber threats. Advancing Post-Quantum Security in the Financial Sector and IoT As quantum computing advances, traditional cryptographic methods face increasing vulnerabilities, threatening critical infrastructure across industries. In response, SEALSQ, WISeKey, and WeCanGroup will integrate their Web 3.0 and post-quantum cryptographic technologies to develop advanced Know Your Customer (KYC), Know Your Business (KYB) and Know Your Object (KYO) solutions. These solutions will be embedded into SEALSQ’s post-quantum semiconductors, ensuring long-term cybersecurity resilience in both financial sectors and IoT. Strengthening the Financial Sector Against Quantum Threats With the financial sector heavily reliant on digital identity verification, secure transactions, and compliance processes, the adoption of quantum-resistant cryptographic solutions is essential to maintaining trust and regulatory compliance. Through this partnership: • WeCanGroup’s blockchain-based financial compliance solutions will integrate SEALSQ’s post-quantum encryption to secure digital transactions, protecting banks, wealth managers, and financial institutions from future quantum-based cyber threats.• KYC, KYB and KYO innovations will enhance digital identity verification, reducing fraud risks in banking, digital asset management, and decentralized finance (DeFi).• WeCan Comply, a platform for orchestrating KYC & KYB compliance data, co-created with leading private banks and External Asset Managers, will be reinforced with quantum-resistant digital signatures and blockchain-backed compliance records, ensuring long-term data security. IoT Security in the Post-Quantum Era The exponential growth of IoT devices has introduced new cybersecurity challenges, as billions of connected devices now transmit and store sensitive data. By embedding post-quantum cryptogra...