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SEALSQ Invests in Wecan Token to Bolster Blockchain-Based Identity Verification
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SEALSQ Invests in Wecan Token to Bolster Blockchain-Based Identity Verification
May 27, 2025 8:56 AM

11:39 AM EDT, 05/27/2025 (MT Newswires) -- SEALSQ ( LAES ) made an undisclosed investment in the Wecan Token to support secure and decentralized digital identity solutions.

The investment marks a milestone in processes used by financial institutions and businesses to verify the identity of their customers using blockchain-based technologies, SEALSQ ( LAES ) said Tuesday in a statement.

The Wecan Token, originally developed to support decentralized compliance through Wecan Comply, is positioned as a central component in SEALSQ's ( LAES ) authentication network, according to the statement.

SEALSQ ( LAES ) plans to create a dedicated reserve of Wecan Tokens to support its system and integrations.

SEALSQ ( LAES ) shares rose 9.2% in recent trading Tuesday.

Price: 3.80, Change: +0.32, Percent Change: +9.20

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