BTQ Technologies and ICTK Sign Memorandum of Understanding to Advance Quantum-Secure Hardware Solutions

VANCOUVER, BC  - ​​​​​​​ May 28, 2025 - BTQ Technologies Corp., a global quantum technology company focused on securing mission-critical networks, is pleased to announce the signing of a Memorandum of Understanding (MOU) with ICTK Co., Ltd. ("ICTK"), a South Korea-based pioneer in hardware-level security technologies. Through this strategic collaboration, the two companies will explore the joint development of next-generation hardware systems designed to be secure in the age of quantum computing.

The agreement outlines plans to explore cold wallet and embedded device security solutions that bring together BTQ's deep expertise in post-quantum cryptography (PQC) with ICTK's experience in secure chip technologies, including Physical Unclonable Functions (PUF) and PQC integration at the hardware level.

Strengthening the Future of Device Security

The collaboration will focus on combining complementary strengths in cryptography and hardware design, centered around three key areas of innovation:

Post-Quantum Cryptography (PQC)
As quantum computing advances, many of today's encryption methods will become vulnerable. PQC is a new class of cryptographic algorithms designed to remain secure even against quantum-level attacks. BTQ is a specialist in this field, and ICTK is exploring how to bring these protections directly into hardware to help ensure secure communications, data storage, and transactions well into the future.

Physical Unclonable Functions (PUF)
PUF technology turns every silicon chip into a unique, unreplicable fingerprint by leveraging tiny, random variations from the manufacturing process. This identity can be used to verify devices and generate cryptographic keys without ever storing them—greatly reducing the risk of hacking. ICTK applies this technology to secure chips used in finance, digital ID, and Internet-of-Things (IoT) devices.

BTQ's CASH Architecture
CASH is BTQ's proprietary cryptographic accelerator, purpose-built to handle complex, quantum-safe algorithms quickly and efficiently. The companies will explore integrating this architecture into ICTK's hardware platforms to enhance both security and performance.

Areas of Collaboration

• Co-developing a quantum-secure cold wallet for storing digital assets.
• Embedding BTQ's CASH architecture into ICTK's secure chipsets.
• Exploring opportunities across digital identity, IoT security, and quantum-resilient financial infrastructure.

"Our partnership with ICTK is a significant step toward delivering secure, scalable, and future-proof hardware," said Olivier Roussy Newton, CEO of BTQ Technologies. "Together, we aim to build the backbone of quantum-secure systems across industries that rely on trusted devices."

"This is an important step toward building a quantum-secure future," said Jungwon Lee, CEO of ICTK. "Together with BTQ, we look forward to combining our innovations to bring new security solutions to market."

About ICTK Co., Ltd.

ICTK is a South Korea-based semiconductor security company specializing in hardware-based authentication and cryptographic solutions. The company is known for its implementation of Physical Unclonable Function (PUF) technology and integration of post-quantum cryptographic standards into secure chip designs. ICTK's solutions are deployed across sectors including finance, digital identity, mobility, and IoT, enabling secure and scalable infrastructure for a digitally connected future.

http://en.ictk.com/

About BTQ

BTQ was founded by a group of post-quantum cryptographers with an interest in addressing the urgent security threat posed by large-scale universal quantum computers. With the support of leading research institutes and universities, BTQ is combining software and hardware to safeguard critical networks using unique post-quantum services and solutions.

Connect with BTQ: Website