Galaxy Digital has established a $5 million initiative to support developers working on technologies to protect Bitcoin against potential future quantum computing threats.

The Bitcoin Quantum Readiness Initiative will fund research into quantum-resistant signature schemes, wallet migration tools and security audits. The company called for broader industry collaboration, including additional funding and technical contributions from other institutions.

Galaxy noted that while current quantum computers cannot break Bitcoin’s cryptography, advances could accelerate. Preparing the network for post-quantum standards is expected to require years of coordination among developers, wallet providers, exchanges and users.

Research firm CryptoQuant estimates that approximately 6.9 million Bitcoin could become vulnerable in such a scenario, representing about $461 billion at current prices. Galaxy emphasized the need for early preparation to avoid disruptions.

The program adds to Galaxy’s expanding activities in digital assets. It recently obtained New York licenses for trading and custody services and launched a $100 million hedge fund focused on cryptocurrency-related opportunities. The company also secured naming rights for a university football stadium and continues developing data center capacity.