SEALSQ Corp has finalized a strategic investment in WeCan Group, acquiring a 28.30% stake to enhance security solutions in the financial services sector using blockchain and post-quantum technologies.

Information on the Target

WeCan Group SA, known as WECAN, is a leading Swiss provider of software as a service (SaaS) solutions focused on blockchain technology and compliance within the RegTech sector, primarily servicing the financial industry. Established in 2015, WECAN has committed itself to enhance data processing efficiency in response to the increasing volume of sensitive information generated globally. The company promotes data tokenization as a solution to the prevalent issues of data completeness, redundancy, and security.

One of WECAN's flagship platforms, Wecan Comply, facilitates the orchestration of KYC (Know Your Customer) and KYB (Know Your Business) compliance data. It seamlessly connects financial institutions through a standardized and secure data exchange protocol, allowing for streamlined integration, review, and periodic auditing. The group has secured a strong market position in Switzerland, being recognized and adopted by prominent wealth management firms, banks, financial intermediaries, and large global enterprises.

Industry Overview in Switzerland

Switzerland boasts a robust financial services sector, characterized by a high level of compliance and regulatory frameworks. The industry continually seeks innovative solutions for maintaining se