SEALSQ Shares Rise 43% After Saying Its Tech Protects Crypto Transactions
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Dow Jones
By Ben Glickman
Shares of SEALSQ surged Thursday after the company said it had developed technology designed to protect cryptocurrency transactions.
The stock was up 43% to $1.65 in morning trading. Shares have fallen 17% over the last three months.
The semiconductor-technology developer said that its post-quantum semiconductor technology could protect blockchain transactions against attacks from quantum computing.
SEALSQ said its technology uses cryptographic algorithms that are resistant to breaches perpetrated with quantum computers.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
December 28, 2023 10:19 ET (15:19 GMT)
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