Key Highlights

  • BTQ announced on 30 September 2026 a three-year agreement with the Kaia DLT Foundation to deploy its Quantum Secure Stablecoin Network.
  • BTQ will receive a portion of transaction fees and expects six-figure US dollar Revenue in the first year.
  • Cash was C$9,729,250 at the end of the second quarter, and the QCIM chip programme now targets samples in the first quarter of 2027.

The Kaia agreement

BTQ Technologies Corp. (NASDAQ:BTQ), a Vancouver-based quantum technology company also listed on Cboe Canada, announced on 30 September 2026 a three-year commercial agreement with the Kaia DLT Foundation. The deal will deploy its Quantum Secure Stablecoin Network, known as QSSN, across the Kaia blockchain, with the aim of bringing post-quantum security to LINE NEXT's Unifi Wallet.

The company describes it as QSSN's first recurring commercial deployment. LINE NEXT, which makes the wallet, is described as positioned to benefit rather than as a signatory to the agreement.

How it would earn revenue

BTQ will receive a portion of transaction fees from QSSN-secured activity, rather than a one-off licensing or integration fee. It expects six-figure US dollar revenue in the first year, while revenue over the three-year term depends on transaction volume. The fee percentage was not disclosed.

Christopher Tam, the company's president, said linking revenue to transaction Volume aligns BTQ with Kaia. This structure can scale if activity grows, but it also means income is uncertain until usage develops.

Second-quarter corporate update

In its 14 August 2026 update, BTQ reported a cash balance of C$9,729,250 at the end of the second quarter. The update did not disclose revenue or net loss; those were to be discussed on a Shareholder call that day. A base shelf prospectus remains in place, with any use dependent on regulatory requirements and market conditions.

Chief executive Olivier Roussy Newton said the second quarter was an important transition from technology validation toward commercial execution. The company completed its Acquisition of QPerfect in the quarter and cited a commercial pipeline of about 16 organisations across five countries.

QPerfect and neutral-atom computing

QPerfect launched MIMIQ On-Premises for customers with data-sovereignty or security needs, and the software is also available through qBraid and Scaleway. A collaboration with SDT is in production in South Korea. The company is developing a digital twin of a neutral-atom platform in France, targeted for testing on real hardware by the end of 2026.

It has also completed a prototype of its QLU product, with a design blueprint due in April 2027 and a first release targeted for the end of 2027. Those are company targets, not delivered products.

Product milestones and timelines

QSSN was selected as a core post-quantum provider for a bank-led Korean won stablecoin proof of concept with iM Bank and Finger, and has processed more than 100,000 mainnet transactions. Bitcoin Quantum completed an internal protocol audit, with an external audit by Boosty Labs under way, and is targeting a go-to-market launch in late 2026. It shipped four releases in the second quarter, and its first-quarter test network showed more than 75 miners and 300,000 blocks mined.

The QCIM secure-chip programme has slipped in part: the company said its FPGA Beta was delayed by additional security work, and it now targets ASIC IP and chip samples for the first quarter of 2027, production tape-out in the second quarter and validation in the fourth quarter. After the quarter, it validated the QCIM core on a TSMC 28nm design environment with ITRI. The performance gains cited, such as 2 to 3 times for one encryption benchmark, come from internal simulation and FPGA benchmarks, not independent testing.

What to watch

Points to watch include the volume of QSSN transactions on Kaia and the revenue that follows, the Bitcoin Quantum audit results, QCIM milestones against the dated targets, the company's cash position and any use of the shelf prospectus.