SEALSQ Corp Announces Strategic Investment in Wecan Token, Expanding its Commitment to Secure and Decentralized Digital Identity Solutions

This investment marks a significant milestone in SEALSQ's vision to enable trusted Know Your Customer (KYC) processes, digital identity, and electronic signature services

May 27, 2025 (GLOBE NEWSWIRE) - SEALSQ Corp (NASDAQ:LAES), a leader in Semiconductors, PKI, and Post-Quantum cybersecurity solutions, today announced a strategic investment in Wecan Token, showcasing the company’s commitment to secure and decentralized digital identity solutions through the innovative Wecan Token.

This investment marks a significant milestone in SEALSQ's broader vision to enable trusted Know Your Customer (KYC) processes, digital identity, and electronic signature services. It builds upon the company's expertise in semiconductors and cryptography to create a robust Web 3.0 ecosystem. The Wecan Token, originally developed to support decentralized compliance through Wecan Comply, is now positioned as a central component in SEALSQ's digital trust ecosystem. As part of this initiative, SEALSQ is creating a dedicated reserve of Wecan Tokens to support the ecosystem and facilitate future integrations.

"We are excited to invest in the Wecan Token as we integrate it into our trusted digital identity platform, WISeID," said Carlos Moreira, CEO of SEALSQ. "This investment will facilitate the rapid expansion of our services for KYC compliance, digital onboarding, and verifiable credentials across regulated industries. Each identity will be secured with hardware-rooted digital certificates and tamper-proof blockchain records."

Wecan and Solana have partnered to bring a cutting-edge solution with the Solana Attestation Service (SAS) powered by trusted oracles for institutions to integrate and register their data on the Solana blockchain.

This strategic partnership signifies a groundbreaking step towards transforming the way official records are securely managed and verified in the digital age.

As institutions increasingly seek efficient and compliant solutions for integrating their sensitive data, such as land registries, into the emerging Web 3.0 technologies, Wecan introduces a unique and valuable offering.

Solana, recognized for its high-performance blockchain and trusted institutions in specific industries, provides the ideal platform for this collaboration. Through the integration of SAS, institutions can now seamlessly attest to any critical data in a highly secure and efficient manner. This capability is further enhanced by the use of trusted oracles, which serve as a crucial bridge between the on-chain and off-chain worlds, enabling the seamless transfer of information between institutions and the Solana ledger.

The first flagship use case of this partnership is the creation of an on-chain land register. This initiative showcases the potential of blockchain technology to mitigate fraud risks, introduce greater transparency, and ultimately improve the efficiency of administrative processes for governments and regulatory bodies worldwide.

This investment follows the recent announcement of SEALSQ's Series A funding round, further highlighting the company's commitment to expanding its reach and capabilities in the rapidly evolving cybersecurity sector.

Founded in 2015 in Switzerland, Wecan Group is a leading provider of blockchain-based solutions for efficient and innovative management of critical data. The company serves a diverse clientele, including individuals, enterprises, and financial institutions. Wecan Group is dedicated to improving the efficiency of data handling in response to the exponential increase in the volume of sensitive information generated by today's society.

Wecan Comply, one of the company's flagship platforms, is recognized as a premier platform for orchestrating KYC & KYB compliance data. From initial onboarding to ongoing periodic reviews and audits, the platform seamlessly connects financial institutions through a unique and standardized data exchange protocol, ensuring seamless collaboration.

Wecan Group has rapidly established itself as a market leader in Switzerland, recognized and adopted by major wealth management firms, banks, financial intermediaries, and large global enterprises. The platform enables the storage, request, sharing, and management of various types of data, including KYB and KYC, leveraging the most advanced data exchange and storage infrastructure available.