Galaxy Commits Up to $5 Million to Prepare Bitcoin for Quantum Threat
In briefGalaxy Digital launched a Bitcoin Quantum Readiness Initiative built on three pillars: up to $5 million in developer grants for post-quantum solutions, a research program through Galaxy Research, and a Quantum Advisory Council of academic experts.The effort targets “Q-Day,” when a quantum computer could use Shors algorithm to forge Bitcoin signatures and drain vulnerable wallets.Momentum is building industry-wide: Project Eleven projects a cryptographically relevant quantum computer by 2030-2033, Coinbases advisory council is urging developers to start migration work now, and Trump signed executive orders moving the federal post-quantum deadline to December 2031. Galaxy Digital on Tuesday launched a Bitcoin Quantum Readiness Initiative, pledging up to $5 million in developer grants, a research program, and a new advisory council to help harden the network against the eventual arrival of powerful quantum computers. The Nasdaq-listed firm said the multi-pillar effort will fund work on post-quantum cryptographic solutions, publish analysis through Galaxy Research, and convene a Quantum Advisory Council whose inaugural members include University of Calgary professor Barry Sanders, MIT Sea Grant Knauss Fellow Damien Bérubé, and Boston University computer science professor Eran Tromer. Galaxy said it expects to begin accepting grant applications immediately. “As leaders in the digital assets space, we believe its important