Galaxy Digital pledges $5 million for Bitcoin quantum safety

Galaxy Digital, a major cryptocurrency financial services firm, launched a multi-million dollar initiative on July 21, 2026, to prepare the Bitcoin network for the future threat posed by quantum computing. The company committed up to $5 million in grants to fund developers working on post-quantum cryptographic solutions, established a research program, and formed a Quantum Advisory Council of academic experts.

The initiative, called the Bitcoin Quantum Readiness Initiative, is structured around three pillars. The first is a subsidy program, with applications accepted immediately, focusing on proposals for quantum-resistant signature schemes, wallet migration tools, and security audits. The second is a dedicated research effort through Galaxy Research to analyze the threat. The third is the advisory council, whose inaugural members include Professor Barry Sanders from the University of Calgary, MIT Sea Grant Knauss Fellow Damien Bérubé, and Professor Eran Tromer of Boston University.

Company leadership emphasized the proactive nature of the move. Mike Novogratz, founder and CEO of Galaxy Digital, stated the firm has a responsibility to be part of the solution to any potential...