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WBTC Advances Bitcoin Custody Preparations for the Quantum Era
Wrapped Bitcoin (WBTC) says it is moving forward with custody preparations designed to protect Bitcoin holdings against potential threats from quantum computing. The announcement signals growing urgency across the crypto industry to future-proof wallet and custody infrastructure before quantum computers could theoretically break current cryptographic safeguards. WBTC, a widely used tokenized version of Bitcoin, plays a major role in decentralized finance, making the security of its underlying custody arrangements a concern for many holders.
Why now: Rising concern that quantum computing could eventually threaten Bitcoin's cryptography is prompting custody providers to announce quantum-resistant preparations.
Evidence
- WBTC Advances Bitcoin Custody Preparations for the Quantum Era · GlobeNewswire
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