# Major Companies Pledge $15M for Bitcoin Security

BlackRock and Coinbase-led consortium backs post-quantum cryptography research.

- **Source:** [DailyCoin](https://brifing.si/source/3e9b0f85-cb2f-40ee-ba61-db9410cf0937)
- **Published:** 2026-07-23
- **Topic:** [Finance](https://brifing.si/c/finance)
- **Original article:** <https://dailycoin.com/blackrock-coinbase-strategy-back-15m-bitcoin-security-consortium/>
- **On Brifing:** https://brifing.si/s/8f14540e-a633-49b2-94bd-1430c24491fb

## Bitcoin Security Consortium Launched

Nine firms including BlackRock, Coinbase, and Fidelity have pledged $15M to support post-quantum cryptography research for Bitcoin's network. The three-year funding will be distributed independently to open-source developers.

## Why Post-Quantum Cryptography?

The consortium prioritizes preparing for potential future quantum computers that could break Bitcoin's current encryption. Transitioning from ECDSA is viewed as one of Bitcoin's most complex future challenges.

## How the Consortium Operates

Daily operations will be coordinated by Brink's Mike Schmidt. While the group won't govern Bitcoin's protocol, it aims to become a reliable information source on security matters for investors and policymakers.

## Growing Institutional Support

Companies managing billions in Bitcoin through ETFs and corporate holdings have launched this unprecedented coordinated security initiative, signaling deeper institutional commitment to Bitcoin's infrastructure.

## Challenges Ahead

Developers haven't reached consensus on implementing quantum-resistant cryptography. With the quantum threat timeline uncertain, resource allocation remains debated.

## Why This Matters

This marks the first time major financial institutions have collectively supported Bitcoin's core security infrastructure, representing a milestone in crypto's institutional maturation.

## Sources covering this story

- https://dailycoin.com/blackrock-coinbase-strategy-back-15m-bitcoin-security-consortium/ — 

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_Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._