SEALSQ Corp. announced that Vincent Pignon, founder of Swiss RegTech platform Wecan, has resumed his role as CEO following SEALSQ’s acquisition of a 28.3% stake in Wecan.
The stake was acquired on June 30 2025, after a strategic agreement announced March 24 2025. The acquisition gives SEALSQ a significant foothold in the RegTech market, which is projected to grow from $17.02 billion in 2023 to $70.64 billion by 2030.
Wecan serves more than 100 banks and asset managers and offers automated KYC, AML, and regulatory reporting tools. The partnership will integrate SEALSQ’s quantum‑resistant QS7001 chip into Wecan’s compliance platform, accelerating deployment in regulated environments.
SEALSQ’s FY 2024 revenue fell to $11 million from $30 million in 2023, and its first‑half 2025 revenue was $4.8 million, flat versus the same period in 2024. The company reported a net loss of $21 million for the year ended December 2024, but it maintains a cash balance of $120 million as of June 30 2025.
Management highlighted that the acquisition and Pignon’s return will support SEALSQ’s roadmap to integrate post‑quantum encryption and AI‑driven KYC by 2026, and blockchain‑based compliance tools by 2028.
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