BTQ Technologies Corp. (NASDAQ: BTQ) shares gained sharply Thursday. The company, headquartered in Vancouver, focused on securing mission-critical networks, today announced the successful demonstration of the first NIST-standardized post-quantum cryptography signature verification on the Solana blockchain.
The milestone, achieved in partnership with Bonsol Labs' verifiable computation network, addresses critical quantum security vulnerabilities identified by the Federal Reserve while maintaining Solana's sub-second transaction speeds.
This morning’s news release says Federal Reserve research confirms active "Harvest Now, Decrypt Later" attacks are already harvesting blockchain data, with Bitcoin's 15-year ledger particularly vulnerable. Historical transaction data protected by traditional cryptography (e.g., ECDSA and RSA) remains permanently exposed in chains including Ethereum and Solana, even after post-quantum upgrades.
The analysis reiterates that quantum threats to distributed ledger networks are "present and ongoing", with adversaries actively collecting encrypted blockchain data today for future decryption. No mitigation exists for retroactive data privacy. Once harvested, confidential transaction details, private keys, and financial records can be decrypted by quantum computers in the future. To protect funds, ownership needs to be transferred to secure post-quantum keypairs resistant to quantum attacks.
It goes on to say Solana has emerged as the dominant platform for on-chain trading, processing over $1 trillion in decentralized exchange volume with sub-second finality and near-zero fees. The network has attracted major institutional adoption, including Franklin Templeton ($1.5 trillion AUM), which is launching its OnChain U.S. Government Money Fund on Solana;
Visa selecting Solana for stablecoin settlement pilots; Jump Crypto is developing Firedancer, a validator client optimized for high-frequency trading.
BTQ shares $1.34, or 16.1%, to $9.57.
