SEALSQ Acquires 28% Stake in Wecan to Advance Quantum-Resilient Blockchain Security

SEALSQ Corp is advancing post-quantum cryptography (PQC) technology to protect Bitcoin, blockchain networks, and critical infrastructures like IoT and secure communications from emerging quantum computing threats. The company’s QUASARS project develops hybrid cryptographic solutions and quantum-resistant hardware to counteract the risks posed by quantum-powered cyberattacks, addressing vulnerabilities in elliptic curve cryptography that secures major cryptocurrencies. Highlighting the urgency, SEALSQ CEO Carlos Moreira emphasized that quantum threats are already present, with industry leaders like BlackRock recognizing quantum computing as a significant risk in Bitcoin investments. SEALSQ has strategically acquired a 28.30% stake in Swiss blockchain firm WeCan Group SA to strengthen its capability in quantum-resilient blockchain security and compliance solutions, focusing on integrating PQC into financial services, IoT, and Web 3.0 ecosystems. This alliance aims to develop enhanced compliance platforms with quantum-resistant identity verification tools and secure hardware integration, positioning SEALSQ as a leader in safeguarding digital assets against quantum threats. Despite optimistic analyst projections and a bullish outlook, SEALSQ faces potential risks related to market demand and reliance on WeCan Group for technological integration.