SEALSQ Provides Integration Update: Wecan Token Expands Utility with Verified Identity from WISeID

April 14, 2025 08:30 ET | Source: SEALSQ Geneva, Switzerland, April 14, 2025 (GLOBE NEWSWIRE) -- SEALSQ Corp (NASDAQ: LAES) ("SEALSQ" or "Company"), a company that focuses on developing and selling Semiconductors, PKI, and Post-Quantum technology hardware and software products, today announced that its strategic investment in Wecan Group, is accompanied by a major technological integration that aligns two powerful compliance technologies: WISeID, the digital identity platform developed by SEALSQ’s parent company, WISeKey International Holding Ltd (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company, and Wecan Comply, WecanGroup’s decentralized compliance and data vaulting solution. Of note, earlier this year, SEALSQ entered into a strategic agreement under which SEALSQ will acquire a 30% equity stake in Wecan Group. This collaboration marks a milestone in the evolution of digital identity and compliance, positioning the Wecan Token as a dynamic utility token for accessing identity verification services, now extended to include WISeID Verified ID. Expanding Token Utility, Strengthening Identity StandardsUntil now, the Wecan Token has been the key to accessing Wecan Group’s collaborative KYC platform. Moving forward, the scope of the token is being expanded:Users will also be able to purchase WISeID Verified Identities using the Wecan Token, reinforcing the token’s position as a global standard for secure, verifiable, and compliant digital identity services.This expanded integration dynamically increases the value and utility of the Wecan Token, enabling frictionless access to both institutional-grade compliance tools and advanced digital identities secured through WISeKey’s trusted infrastructure. Addressing a $3,500-per-Customer ProblemWith over 1.4 billion unbanked individuals worldwide and an additional 4.5 billion already banked, the annual compliance burden on financial institutions can reach up to $3,500 per customer. By centralizing and mutualizing verified identity data, Wecan’s compliance infrastructure — now enhanced by WISeID — can reduce these costs by at least 30%, while significantly accelerating onboarding and review processes. A Secure, Tokenized Framework for the AI EraIn a digital landscape increasingly vulnerable to AI-generated document fraud, the combined power of blockchain traceability, hardware-secured identity (SEALSQ), and mutualized compliance records (Wecan Comply) delivers an identity verification system that is fast, cost-effective, and highly resistant to fraud. “The integration between WISeID and Wecan Comply positions the Wecan Token as the new global standard for transactional digital identity,” said Carlos Moreira, CEO of SEALSQ. “It’s a major step toward building an Internet of Trust, where individuals can prove who they are with the same ease and confidence as logging in to an app.” Tokenomics and Growth OutlookWith a capped supply of 6 billion tokens, the anticipated surge in demand for tokenized identity services, both from individuals and financial institutions, positions the Wecan Token for significant value appreciation. Even at a valuation of $1 per token, the cost of identity verification remains far below current industry standards, offering a compelling economic advantage to adopters. About Wecan Group Founded in 2015 in Switzerland, Wecan Group is a leading provider of blockchain-based solutions for secure data management, serving individuals, enterprises, and financial institutions. The company is dedicated to improving data handling efficiency in response to the increasing volume of sensitive information being generated globally. By leveraging blockchain technology, WeCanGroup promotes the tokenization of data as a solution to common issues related to data completeness, redundancy, and security. One of Wecan Group’s flagship platforms, Wecan Comply, is a leading platform for orchestrating KYC & KYB compliance data. From onboarding to periodic reviews and audits, the platform seamlessly connects financial institutions through a secure and standardized data exchange protocol. Wecan Group has 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, such as KYB and KYC, leveraging the most advanced data exchange and storage infrastructure on the market. About SEALSQ:SEALSQ is a leading innovator in Post-Quantum Technology hardware and software solutions. Our technology seamlessly integrates Semiconductors, PKI (Public Key Infrastructure), and Provisioning Services, with a strategic emphasis on developing state-of-the-art Quantum Resistant Cryptography and Semiconductors designed to address the urgent security challenges posed by quantum computing. As quantum computers advance, traditional cryptographic methods like RSA and Elliptic Curve Cryptography (ECC) are increasingly vulnerable. SEALSQ is pioneering the development of Post-Quantum Semiconductors that provide robust, future-proof protection for sensitive data across a wide range of applications, including Multi-Factor Authentication tokens, Smart Energy, Medical and Healthcare Systems, Defense, IT Network Infrastructure, Automotive, and Industrial Automation and Control Systems. By embedding Post-Quantum Cryptography into our semiconductor solutions, SEALSQ ensures that organizations stay protected against quantum threats. Our products are engineered to safeguard critical systems, enhancing resilience and security across diverse industries. For more information on our Post-Quantum Semiconductors and security solutions, please visit www.sealsq.com. Forward-Looking StatementsThis communication expressly or implicitly contains certain forward-looking statements concerning SEALSQ Corp and its businesses. Forward-looking statements include statements regarding our business strategy, financial performance, results of operations, market data, events or developments that we expect or anticipate will occur in the future, as well as any other statements which are not historical facts. Although we believe that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include SEALSQ's ability to continue beneficial transactions with material parties, including a limited number of significant customers; market demand and semiconductor industry conditions; and the risks discussed in SEALSQ's filings with the SEC. Risks and uncertainties are further described in reports filed by SEALSQ with the SEC. SEALSQ Corp is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise. SEALSQ Corp.Carlos MoreiraChairman & CEOTel: +41 22 594 3000info@sealsq.comSEALSQ Investor Relations (US)The Equity Group Inc.Lena CatiTel: +1 212 836-9611 lcati@equityny.com

SEALSQ Provides Integration Update: Wecan Token Expands Utility with Verified Identity from WISeID

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