Galaxy Digital Launches $5M Fund to Quantum-Proof Bitcoin

What happened: Galaxy Digital has announced the "Galaxy Bitcoin Quantum Readiness Initiative," pledging up to $5 million in grants for developers to strengthen Bitcoin’s defenses against future quantum computing threats. The initiative, unveiled July 21, 2026, will fund research into quantum-resistant cryptography, wallet migration tooling, and formal security audits. A Quantum Advisory Council featuring experts from the University of Calgary, MIT, and Boston University will guide the effort. Galaxy cited research suggesting 3–5 years to prepare before quantum computers could pose a credible risk, though some industry voices argue the threat remains decades away.

Why it matters: With an estimated 6.9 million BTC (about $461 billion at current prices) potentially vulnerable in exposed public-key addresses, the risk posed by quantum computing is a growing concern for Bitcoin’s long-term security. Galaxy’s fund aims to accelerate the development and deployment of quantum-resistant solutions, inviting other firms to co-fund the initiative. The move highlights both the slow pace of protocol upgrades in Bitcoin and the need for proactive measures as cryptographic threats evolve.

Source: CoinDesk, Cointelegraph