3 days ago
SEALSQ (LAES) Makes a Strategic Investment in WeCan
SEALSQ Corp (NASDAQ:LAES) is one of the 11 Best Semiconductor Penny Stocks to Buy According to Hedge Funds. On June 30, SEALSQ Corp (NASDAQ:LAES) announced that it completed a strategic investment by acquiring a 28.30% equity stake in WeCan Group SA, a Swiss company that specializes in blockchain and data compliance.
According to SEALSQ Corp (NASDAQ:LAES), this investment will help accelerate the development and deployment of blockchain-based security solutions for areas like financial services, IoT infrastructure, and Web 3.0 ecosystems.
A technician soldering a semiconductor chip, emphasizing the power of the company's products.
WeCan Group SA and SEALSQ Corp (NASDAQ:LAES) will work together to combine their technologies and codevelop new solutions. The solutions will mix post-quantum cryptography, secure identity frameworks (KYC/KYB/KYO), and blockchain-powered platforms for compliance.
This deal brings together WeCan Group SA's expertise in the financial compliance space and SEALSQ Corp's (NASDAQ:LAES) hardware-based security to build quantum-safe technology for mission-critical sectors.
The two companies will work to add post-quantum security algorithms to SEALSQ Corp's (NASDAQ:LAES) semiconductors. This will help protect billions of IoT devices from future quantum-based cyber threats.
SEALSQ Corp (NASDAQ:LAES) offers secure semiconductor chips, embedded firmware, and hardware provisioning services. The company focuses on post-quantum technology hardware and software solutions.
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Disclosure: None. This article is originally published at Insider Monkey.
