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SEALSQ Announces WECAN Secures a Grant from Hedera
Globenewswire· 2025-12-17 13:30
Core Viewpoint - SEALSQ Corp has made a strategic investment in WeCanGroup SA, acquiring a 28.3% minority stake, which has led to WECAN receiving a grant from Hedera to enhance quantum technology integration in compliance and secure data-exchange platforms [2][3]. Group 1: Company Overview - SEALSQ focuses on developing and selling semiconductors, PKI, and post-quantum technology hardware and software products [2][10]. - WECAN, founded in 2015, provides blockchain-based solutions for secure data management, particularly in the financial sector, and is recognized for its KYC & KYB compliance platform [7][8]. Group 2: Strategic Developments - The grant from Hedera will support the scaling of quantum-resilient compliance systems and the enhancement of decentralized identity technologies [3][5]. - SEALSQ, WECAN, and Hedera are collaborating to develop integrated post-quantum KYC solutions aimed at accelerating the adoption of quantum-safe security in the financial sector [3][4]. Group 3: Industry Context - Quantum security is becoming essential for financial institutions as quantum computers threaten existing cryptographic standards, necessitating a shift to quantum-resilient cryptography [5]. - The integration of post-quantum algorithms into compliance platforms and semiconductor hardware is crucial for building future-proof digital infrastructures in the financial industry [5]. Group 4: Leadership Insights - Carlos Moreira, CEO of SEALSQ, emphasized that the grant and strategic investment position WECAN at the forefront of quantum-safe compliance and identity infrastructure [6]. - Vincent Pignon, CEO of WECAN, highlighted the importance of SEALSQ's support in accelerating their mission to deliver secure data infrastructures [6].
SEALSQ, a WISeKey Affiliate, and WeCanGroup Sign Strategic Agreement for SEALSQ to Acquire a 30% Stake in WeCanGroup
Newsfilter· 2025-03-24 06:00
Core Insights - SEALSQ Corp has entered into a strategic agreement to acquire a 30% equity stake in WeCanGroup SA, aiming to enhance blockchain-based security solutions in the Web 3.0 ecosystem, focusing on post-quantum cryptography and IoT security [1][2]. Group 1: Partnership Objectives - The collaboration seeks to accelerate the adoption of blockchain security solutions, particularly in the financial sector and IoT, addressing vulnerabilities posed by quantum computing [1][2]. - SEALSQ and WeCanGroup will integrate their technologies to develop advanced KYC, KYB, and KYO solutions, ensuring long-term cybersecurity resilience [2][3]. Group 2: Financial Sector Security - The financial sector's reliance on digital identity verification and secure transactions necessitates the adoption of quantum-resistant cryptographic solutions to maintain trust and compliance [3]. - WeCanGroup's blockchain-based compliance solutions will incorporate SEALSQ's post-quantum encryption to protect financial institutions from quantum-based cyber threats [3][4]. Group 3: IoT Security Enhancements - The partnership aims to protect IoT ecosystems from quantum-enabled attacks by embedding post-quantum cryptographic algorithms into SEALSQ's secure semiconductors [5]. - Quantum-safe identity management for IoT devices will be established, ensuring data integrity across various applications, including smart cities and healthcare IoT [5][6]. Group 4: Web 3.0 Innovations - The integration of SEALSQ's post-quantum secure semiconductors with WeCanGroup's blockchain solutions will enhance trust and security in Web 3.0 ecosystems [7]. - Innovations will include decentralized identity management and secure tokenization of financial assets, ensuring regulatory compliance against quantum threats [8].