Coinbase, BlackRock and others form $15M Bitcoin security consortium to tackle quantum risks

Coinbase announced the launch of a “Bitcoin Security Consortium” aimed at researching and developing open-source defenses against future quantum computer threats, according to reports published on July 23, 2026. The consortium is described as bringing together Coinbase with other major industry players, including BlackRock and Fidelity Digital Assets, as well as additional firms ^[1].

Separate coverage says the consortium was launched with pledged funding of $15 million over three years to support security research and open-source development, with founding members including BlackRock, Coinbase, and Fidelity Digital Assets alongside other firms. Another report notes that BlackRock and Coinbase are among the entities coordinating on Bitcoin security in response to “quantum” risk concerns ^{[2] [3]}.

BlackRock also commented publicly on the quantum threat, with one report stating that crypto can “outrun the quantum threat” if it adapts quickly enough. That framing aligns with the consortium’s focus on preparing for quantum-era risks through research and post-quantum cryptography efforts described in consortium coverage ^{[4] [1]}.

The consortium’s stated goal is to prepare Bitcoin infrastructure for potential quantum-era attacks through funded research and open-source work, with participating firms including Coinbase, BlackRock, and Fidelity ^{[1] [2]}.