WECAN
Description
SEALSQ Corp (NASDAQ: LAES), a specialist in semiconductors and post-quantum cybersecurity, has finalized a strategic investment in Wecan Group SA, a Swiss SaaS company specializing in blockchain and regulatory compliance (RegTech). SEALSQ has acquired 28.3% of the capital of Wecan, whose shareholders were advised by TwinL M&A.
This investment aims to accelerate the development of post-quantum and blockchain security solutions for financial services, IoT, and Web 3.0. SEALSQ and Wecan will now integrate their technologies to create next-generation platforms combining post-quantum cryptography, secure identity management (KYC, KYB, KYO), and blockchain compliance.
The first strategic results include:
For Frank Loubaresse, President of TwinL, said that this transaction ”strengthens the security of financial systems and connected devices in the long term. This fundraising consolidates SEALSQ's presence in cybersecurity in Europe and opens up new growth opportunities for Wecan."
- The integration of SEALSQ's post-quantum encryption into Wecan's KYC/KYB solutions, already used by private banks.
- The co-development of quantum-resistant compliance and identification tools for financial institutions and DeFi platforms.
- The integration of SEALSQ algorithms into semiconductors to secure billions of IoT devices.
- The expansion of decentralized identity (DID) solutions in Web 3.0.
- The deployment of advanced object recognition (KYO) technologies tailored to finance and defense.
For Frank Loubaresse, President of TwinL, said that this transaction ”strengthens the security of financial systems and connected devices in the long term. This fundraising consolidates SEALSQ's presence in cybersecurity in Europe and opens up new growth opportunities for Wecan."