SEALSQ (LAES) and Swiss compliance platform Wecan Group have entered into a partnership to develop a post-quantum know your customer (KYC) solution. The companies aim to protect sensitive client data from future threats posed by quantum computers. Following the news, LAES stock jumped about 28% on Tuesday’s regular trading session.
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It is known that financial institutions rely on KYC processes to verify client identities and meet regulatory requirements. But as quantum computing advances, current security methods used by the firms are at risk of being broken by the powerful, future supercomputers.
Thus, both companies aim to provide a new solution that can secure client data from collection to processing, ensuring it remains protected even as quantum computing evolves.
Under the partnership, SEALSQ’s quantum-resistant technology will be combined with Wecan’s strength in compliance and secure data sharing to set a new standard for financial data protection.
SEALSQ Expands with New Partnerships
SEALSQ is rapidly expanding its footprint in the quantum-resistant tech space through a string of partnerships, aiming to secure sensitive data across industries. Earlier this week, the company joined forces with Trusted Semiconductor Solutions (TSS) to co-develop U.S.-made chips designed to withstand quantum-level threats, especially for defense and government applications.
These back-to-back deals have raised investor optimism about SEALSQ, as they help deepen its presence in high-stakes sectors such as finance, cybersecurity, and defense.
Is LAES Stock a Good Buy?
Turning to Wall Street, LAES stock has a Moderate Buy consensus rating based on one Buy rating assigned in the past three months. At $6, the Sealsq stock price target implies 21.26% downside risk from current levels.
