SEALSQ Stock Rockets 17% as It Enters Collaboration with Wecan to Develop Post-Quantum KYC Solution

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SEALSQ stock jumped 17% on Tuesday. SEALSQ and Wecan Group announced a strategic collaboration to develop a Post-Quantum KYC solution.

This initiative aims to secure client data from collection to processing, addressing the growing risk of future decryption by state or malicious actors as quantum computing capabilities evolve.

By combining SealSQ’s expertise in post-quantum technologies with Wecan’s leadership in compliance and secure data sharing for financial institutions, the two companies are pioneering a new standard for data protection in the financial industry.

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