Woofun AI reports that Galaxy Digital has established a $5 million Bitcoin Quantum Readiness Initiative to support developer research into mitigating future quantum computing threats. The program is currently accepting applications, with funding directed toward post-quantum signature algorithms, wallet migration utilities, and security audits.

Galaxy Digital aims to encourage institutional investment in this research sector to accelerate Bitcoin's transition to post-quantum cryptography. The firm notes that if future quantum computers can break existing encryption, approximately 6.9 million BTC, valued at roughly $461 billion, could be at risk. While the industry views short-term threats as low, early preparation is deemed necessary due to the extensive coordination required among developers, wallets, exchanges, and users for protocol upgrades.