One of the few publicly traded companies in Canada focused on quantum computing is expanding into Australia next.

‍What’s happening:‍

• Quantum computing company BTQ Technologies (CBOE:BTQ) has announced they have officially launched their new subsidiary known as BTQ Australia
  
• The new subsidiary will operate out of The Quantum Terminal in Sydney, Australia
  

Why it matters:‍

• Australia has been making a flurry of moves to become a leader in the quantum computing revolution, with the Australian government recently making a significant investment into quantum computing startup PsiQuantum
  
• Technology giants such as Nvidia (NASDAQ: NVDA) and Google have both recently been accelerating their focus on quantum computing amidst excitement around quantum computing being the next major disruption in technology alongside artificial intelligence
  

The big idea:‍

• BTQ Technologies is focused on developing post quantum cryptography to defend against security threats and potential data breaches
  
• By focusing on combining hardware and software together, BTQ Technologies is aiming to be able to combat the risks of cyber attacks posed by large scale universal quantum computers
  

Going deeper:‍

• BTQ Technologies has already established multiple notable partnerships in Australia with both Macquarie University and The Sydney Quantum Academy
  
• Previously, BTQ Technologies announced a partnership with Australian non-profit Australian Quantum Software Network to collaborate together on open source quantum computing software
  

The intrigue:‍

• BTQ Technologies is co-founded by Olivier Roussy Newton, who also is the co-founder of DeFi Technologies (CBOE: DEFI) which has recently launched the world’s first yield generating Bitcoin Exchange Traded Product and begun successfully venturing into crypto arbitrage trading

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