Galaxy Digital launches $5 million fund to advance research and development of quantum-resistant security for Bitcoin.
2026.07.22 14:20:48
Crypto financial services firm Galaxy Digital has announced the launch of the $5 million Bitcoin Quantum Readiness Initiative, which will fund developers researching solutions to counter future quantum computing threats. The program is now open for applications, with funding areas including post-quantum signature algorithms, wallet migration tools, and security audits, among others. Galaxy said it aims to attract more institutions to contribute capital and research, accelerating Bitcoin’s transition to post-quantum cryptography. According to CryptoQuant data, if future quantum computers gain the capability to crack Bitcoin’s existing encryption algorithms, roughly 6.9 million BTC (worth approximately $461 billion at current prices) could face theft risks. While the industry widely holds that quantum computing is not yet a threat to the Bitcoin network in the short term, protocol upgrades require long-term collaboration among developers, wallet providers, exchanges, and users, so relevant preparations should be initiated as early as possible.
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